Finances

Signs You’re Ready To Buy a New Home

Young Couple in their New Home

You Have a Good Credit Score.

If you have a good credit score (700 or above) – that’s one of the signs that you’re ready to buy a house. Having a good credit score will help you get qualified for a mortgage loan as well as a better interest rate. Being able to get a better interest rate means that you will have lower monthly mortgage payments, which will help save you money over time.

You Don’t Have a Ton of Debt

If you’re no longer paying off outstanding credit card debts or other loans, that extra cash can be used toward expenses that are associated with home ownership, such as property tax, insurance, repairs, maintenance, etc.

You Can Put at Least 10 Percent Down

If you are able to put a 10 percent down payment, then buying a home is more of a reality than a dream. If you can put down 20 percent, that’s even better. With a 20% down payment you will avoid paying mortgage insurance as well as lock in a lower interest rate and lower monthly mortgage payment.

You Don’t Plan on Moving in the Next Few Years

Buying a house is a long term investment. If you see yourself staying in the home for at least five years, then buying might be for you. At least by staying longer, you’re able to make or regain what you paid in transaction costs and you can actually make a profit when and if you decide to sell. When you purchase a new home in PA from Judd Builders, you’ll enjoy the benefits of over 50 years of experience. With expert planning, award-winning, energy efficient home designs and new houses for sale in the best locations throughout Montgomery, Bucks, Berks, Chester, and Lehigh Counties, it’s a sound investment for you and your family.

You Have Done Your Research

Buying a home is a major life decision that takes into consideration careful planning, budgeting and research. If you’ve done your research thoroughly about where you want to live, the costs, the features you would like included, then you might be ready to buy a house. When you work with Judd Builders, we want to make sure you are comfortable and informed every step of the way.

Ready to invest in your dream home? Contact us at Judd Builders today! We would love to hear from you and get started on this exciting process.