Home Loans First-Time Home Buyer Guide Following the right first-time home buyer advice can see you step onto the property ladder with the perfect home loan for your needs. The first steps you should take when you’re thinking about buying a house are: Check Your Credit Save for a Large Down Payment Consider Closing Costs List Top Home Features Check Your Credit Before you start looking at houses, make sure you understand your credit situation. The size of your loan and its interest payments will be affected, and checking your credit early provides an opportunity to correct any mistakes and address unpaid accounts. You should also work to lower the utilization of your current credit lines. Consider Closing Costs First-time home buyers are often shocked by the additional costs associated with climbing onto that first rung of the property ladder. From home inspections and homeowner’s insurance to title searches and hiring movers, there’s often a lot of consider — 2% and 5% of your loan amount is a good rule of thumb. List Your Top Features The grand majority of first-time home buyers will have a long list of features they want in a new home. That could cover anything from an en suite bathroom to a large, fenced-in yard. The thing to remember is that you’ll rarely be able to afford all of them, especially when you factor in location and size. List your top desires to make sure you prioritize what really matters and don’t waste time during your house hunt. Get More First-Time Home Buying Advice at Town and Country Bank and Peoples Prosperity Bank Whether you’re buying a condo in Edwardsville, a duplex in Fairview Heights, or a house in Bloomington, head to a central Illinois Town and Country Bank or Peoples Prosperity Bank to learn more and get your loan.