Happy New Year l
First Things First: Save That Mula.
Alex and I kind of knew the “timeline” we had set out for our future. We opened a joint account with Space Coast Credit Union and began to save. Little by little, month by month we saw our savings account increase. So definitely think ahead! It doesn’t matter how little you’re putting in as long as there’s money going towards the account. The way we did it was by setting up direct deposit with our payroll so automatically whenever we’d get paid at work, a percentage would go straight to the savings account.
Finding the Right Realtor
Thankfully we only had to go through one bad realtor to get to a really good one. Our first realtor was recommended and unfortunately, we had to be on top of her. We’d see houses we’d love to see through her listing and it would take her a really long time to get back to us or to schedule the showings.
Then one of Alex’s coworkers recommended our current realtor, Alvaro and we haven’t looked back since! I don’t mean to sound like a Yelp review lol but Alvaro is so professional, so helpful and insightful. He was in contact with us throughout the whole process. And he answered ALL of our questions. We’d tell him the houses we wanted to see in person and then we’d knock out five of them in one day. And he was always super punctual. Plus he didn’t give us any BS. If he felt like the sellers’ asking price was too high, he’d let us know. So make sure you’re happy with your realtor because they really play a huge role in the whole buying process.
Shop Shop Shop: Finding the Right Broker
We had to go through two different brokers before we got to the one we’re using now. No one really told us so I’m telling ya now, SHOP around and don’t settle. I’m not gonna lie, I still don’t know what a broker does except give us the APR rate for the house and something with a bank lol. I’m just keeping it real. At first, we went with PRMG and they were offering us 5.6%, then we went with Rocket Mortgage Quicken Loans and they gave us 4.9% and finally, Alvaro told us about the broker he’s worked with before and he was able to give us an even lower rate. At first we were worried about Alex’s credit being ran so many times but in the end, it’s so worth it and it’ll save you on what you end up paying in interest throughout the years!
And a few other things I learned. One. It helps TREMENDOUSLY if you’ve been employed by the same company or have had the same job for at least two years. Banks want to know that they’re lending money to reliable people. Two. This is an obvious one but make sure your credit is in good standing. It might be the difference between a good rate and a bad one. And three ask your realtor if they can recommend a broker to you. If they’ve been in the business for a long time, chances are they have their go-to’s.
I hope you guys found this super helpful! If you’d like more information on the realtor, the broker we used or just have any general questions, don’t hesitate to ask! We’re not experts but we’ve learned so much from our experiences and from the experiences from other people.
Love you guys & we’ll talk soon!