Buying your first home in South Florida

1. How much home can I afford?

   Write down a monthly housing budget you can comfortably manage. Consider mortgage payments alongside property taxes, homeowners insurance, association fees, utilities, and maintenance. A lender can explain financing qualification; your own spending priorities help determine the budget you want to use.

2. How much do I need for a down payment and closing costs?

   Plan for both the purchase contribution and transaction expenses. Ask lenders about the down payment for loan programs available to you, closing costs, estimated cash to close, and any assistance programs for which you may qualify. Keep moving expenses and a personal cash cushion in your own planning.

3. What should I ask a mortgage lender?

   Discuss your intended home type, purchase timing, documentation, and loan options. When you receive a Loan Estimate, compare the loan terms, charges, and estimated cash to close. Ask the lender to explain figures you do not understand before choosing financing.

4. How do I narrow down homes for sale?

   Share your price range, preferred areas, must-have features, and timing with Paul. Compare homes using the same checklist. A condo, townhome, and single-family home may have different ownership responsibilities, so include more than the asking price in your notes.

5. What happens after I find a property?

   Talk through the offer, representation, inspections, financing, insurance, association review where relevant, and the closing process with the professionals involved. Keep a written list of dates and questions for your particular transaction. Ask before assuming a step is complete.

Start with a budget you understand and a search you can explain. You can ask for help before every detail is settled.

A preparation checklist, not a loan offer or a determination of eligibility. Financing, costs, assistance programs, and transaction requirements depend on your circumstances.