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I’m so excited to finally get around to writing this post! If you’ve been with me so far on this journey then you know that we were finally able to close on our house, just in time for Christmas.
It’s been an amazing but scary feeling to become a homeowner, but it feels great to know that we set out to achieve such a large goal, and now we can say that it’s something we can officially cross off of our list.
I always knew that I wanted to become a homeowner. More importantly, I knew that I wanted to become a homeowner sooner rather than later. After crunching the numbers and seeing just how much we were spending on rent in a year’s time, it just made more sense for us to do what we needed to do to purchase our own piece real estate. I really wanted to go from just having a place we called home, to actual home buying.
CHECK OUT “7 SIMPLE STEPS TO PURCHASE YOUR FAMILY HOME” HERE!
For me personally, I have goals to own multiple rental properties in the future, so purchasing our cozy little townhome was not only a great move for our family, but also for my future plans to turn it into an asset.
We collectively worked on our credit, because obviously credit is key if you plan to have a mortgage on your home. I have to be honest, it wasn’t like our starting point for our credit was in bad shape, but it still took some time to really get it to where we wanted it to be. In fact, my husband was basically starting at zero. Not a literal zero credit score, but he was essentially starting from the bottom with no current credit history.
It took about a year to establish a positive credit history for him, which wasn’t too hard with the help of things like secured credit cards, and self lender. His credit was around 730 by the time we finally had it pulled for our mortgage loan, which was great considering his starting point was roughly 550 with no credit history.
CHECK OUT “HOW TO BUILD AND BOOST YOUR CREDIT” HERE!
We also started to put aside a savings that was specifically for buying our home. There are a lot of expected and unexpected expenses that come with purchasing a home. A lot. You won’t always have exact number goals to save for with these expenses since a lot of things are based on the cost of your actual purchase, your location, what companies you’re using, and how your deal is negotiated. We started by saving a $1000 emergency fund, and growing a separate savings from there for purchasing our home.
CHECK OUT “HOW TO SAVE A $1000 EMERGENCY FUND” HERE!
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This entire dream meant everything to us. Neither of us have family around us that actually own their own home. No parents, no grandparents, none of our family members are homeowners. We really wanted to buy a house for our kids before the year was over. That was the end goal. I can’t even begin to explain the overwhelming feeling of finally bringing them home and showing them around their new rooms and really seeing the excitement on their faces.
I know that many of my subscribers (Hopefully that includes you) are interested in one day achieving this goal for their own families, and I really want to continue to share my knowledge and experience so that no matter how young you are, or what obstacles you think are in your way, you too can purchase your family home, and really build the life that you dream of.
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