By the Kent Redding Group

AUSTIN, TX. – Are you planning on buying an Austin Texas Home for the first time? If so, you’ve come to the right place!

There’s never been a better time in recent history than right now to buy a home in Austin Texas or elsewhere across the United States thanks to low mortgage interest rates and home affordability.

Although buying a home is an excellent investment, make sure you’re ready to start the home buying process by following these tips.

Tip #1 – Start Saving Money for A Down Payment NOW

Saving money to buy an Austin Texas home is important because the more money that you have for a down payment means that you can start your new life as a homeowner with more “skin in the game” or equity in your home.

Yes, it’s an ideal goal to put down at least 20% when buying a home but if you’re unable to come up with that amount you may be able to qualify for a down payment that’s as low as 3% to 5%.

Tip #2 – Find Out What You Can Afford

Before applying for a mortgage loan, you should determine the home you can really afford.

This tip will save you the time and hassle of overpaying for a home. To do this start with a home affordability calculator online or speak with your mortgage professional.

Tip #3 – Check Your Credit Score

Your credit score is by far one of the most important things which will determine the home you ultimately end up buying because your score may also determine your interest rate and loan terms.

To check your credit score, take the time to pull a copy of your 3-in-1 credit report online and review it thoroughly then contact creditors to remove any inaccurate which have been reported.

Tip #4 – Avoid New Credit Activity

Last of all, but most important, another thing you want to do when buying an Austin Texas home is to pause new credit activity because every time you open a new credit card or apply for a loan this will result in a hard inquiry and ultimately mean negative results for your credit report.

Search for Homes in Austin Texas

To get started with searching for homes in Austin Texas, or to speak with us about selling your home, contact the Kent Redding Group today by calling us at (512) 306-1001 or click here to connect with us online. 

Posted by Kent Redding on


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