Steps for Buying Your First Home - How to Prepare

You're likely to buy your first home if you meet three requirements:

1. Have steady income

2. Have saved enough for a required down payment and closing costs

3. Have an emergency fund with three to six month's expenses

Buying your first home is considered one of the biggest milestones in life as well as your finances. It's a big commitment, and there's a good chance it will be the largest purchase you have ever or will make. As you prepare, KM Realty has put together a series of blogs for you to follow as you work to purchase your first home. Topics include:

1. Determining if you are ready to buy a home

2. Shopping for a loan and loan options

3. Saving for your down payment

4. Being honest about what you can afford

5. Finding a good real estate agent