By Paula Higman
June 20, 2022
Owning a home is a major milestone in anyone’s life, whether you’re a first-time homebuyer or settling into a new place for the next phase in your life.
As with most milestones, new home ownership makes an impact on your finances. It’s not a move to make lightly.
If you're a homeowner or planning to buy a home, get your ducks in a row now to set yourself up for long-term financial success.
Get the best mortgage rate possible
The interest rate on your mortgage can mean a difference of thousands of dollars over the years — that’s why homeowners watch so closely for rate changes of just a percentage point or two.
You can find the best mortgage rate available to you by shopping around and comparing offers. Don’t ever just settle for the offer you see; available rates vary from lender to lender, so you can save a lot by looking around.
Even if you’re already a homeowner with a mortgage that’s as new as a year or more old, you can still save money by refinancing into a loan with a lower interest rate.
Don’t worry — you don’t have to travel around from bank to bank to compare offers. You can do it all online and in one place.
With a little bit of information about your home-buying plan and budget, you can see mortgage offers from lenders all over the country and compare interest rates side by side.
Getting pre-approved for a mortgage doesn’t affect your credit score, and you don’t have any obligation to accept an offer if you don’t find something that’ll save you money.
Sign up for homeowners insurance
Homeowners insurance is an inevitable cost for most homeowners — if you have a mortgage, the lender most likely requires it, because it takes care of your home in case of major costs due to damage or theft.
This cost doesn’t have to break your monthly budget.
Monthly premiums for homeowners insurance vary widely depending on where you live and the value of your home — you could pay as low as $50 or more than $200.
Buy an affordable life insurance policy
Would your family be able to stay in your home if something were to happen to you? A house payment is usually a family’s biggest expense — and not paying it has dire consequences.
Protect your family against losing your income by buying an affordable term life insurance policy.
Compare insurance quotes and save money
Did you know that you could be saving some serious money just by switching insurance companies?
It’s true. You could be paying way less for the same coverage. All you need to do is look for it.
As an agent who's an expert in this local area, I bring a wealth of knowledge on local communities, current market conditions, and the home buying and selling process. I strive to provide exceptional service every step of the way, so I can provide you with a real estate experience that exceeds your expectations.
Local Expertise:
You need someone who knows this area inside and out! I can work with you to find the right home at the right price for you, including all the neighborhood amenities that matter.
Selling Your Home:
When it's time to move, you need someone who markets your home, knows how to find the right buyer, negotiates on your behalf, oversees the inspections, handles all necessary paperwork, and supervises the closing. I take care of everything you need, from start to close.
Timing Is Everything:
Whether you are looking for a new home or thinking about selling your current home, call me today. I will put my expertise to work to provide you with guidance and advice on what you need to know to make the best possible decision for your real estate needs.
Paula Higman Real Estate
Coldwell Banker Realty ~ Park City
paula@paulahigman.com
Mobile +1-435-602-8228
