Found 2 blog entries tagged as first-time homebuyer.

Buying a home is one of the biggest financial decisions you'll make, and if you have student loan debt, you might wonder if homeownership is even possible. The good news? It absolutely is!

As a real estate agent in Auburn and Opelika, I’ve helped many buyers navigate the process, even with student loans. With the right strategy and planning, you can qualify for a mortgage and own a home—without feeling overwhelmed by debt.

1. Understand Your Debt-to-Income (DTI) Ratio

Lenders look at your debt-to-income (DTI) ratio to determine how much home you can afford. Your DTI is the percentage of your monthly income that goes toward debt payments, including student loans, car loans, and credit cards.

???? Most lenders prefer a DTI of 43% or lower.

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When buying a home, it's easy to focus on what you need right now. But what about the future? Whether you're a first-time homebuyer, moving to Auburn and Opelika, or upgrading to a larger space, it's important to think about the home’s potential resale value. A good resale value means you’re making a wise investment that can pay off in the long run.

In this post, we’ll break down the main factors to consider when evaluating a home's resale value, so you can make an informed decision.

1. Location, Location, Location

You’ve probably heard this phrase before—and for good reason. Location plays a huge role in determining the resale value of a home. Homes in desirable neighborhoods tend to appreciate in value more than those in less sought-after…

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