More and more renters aspire to become homeowners, according to a recent survey. According to survey results, nearly 60 percent of current renters plan to purchase a home in the next two years. National Assoc of Realtors
If you are a first time home buyer, the first thing you will want to do is get pre-approved by a reputable financial institution or Mortgage broker. This is a very simple process. It should take about 20 minutes and most mortgage brokers can pre-approve you over the phone. You are not obligated to use them so you when you find your dream home with your realtor, you can still shop for the best rate.
Nancy Dorn, Coldwell Banker Real Estate Services
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