If you’re trying to buy your first home in today’s housing market, you’ll want to know what you can do as mortgage rates rise and inventory is still low overall. Here are a few tips from your local lender, Tabor Mortgage Group.
Get Pre-approved
Mortgage rates have climbed and that impacts what you can comfortably afford. Connect with a Tabor Mortgage loan officer to see what you can borrow.
Prioritize Your Wish List
Make a list of your desired features and prioritize which are nice-to-haves and what’s essential. Review it with your real estate agent before looking at homes.
Consider Condos
While inventory has grown this year, it’s still low. Adding condos to your search can help you get your foot in the door to build equity.
Expand Your Search
Need even more options? Widening your radius to include nearby neighborhoods or communities could mean finding a hidden gem.
Your first home is out there! Tabor Mortgage Group has a team of professionals to help you explore your options and share the important tips we have for first time home buyers!