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Shelli: Hi, I’m Shelli from Anderson & Associates and I’m here with Amanda Webb today and she is going to give us a little bit of advice on if you are a first-time homebuyer, some tips.
Amanda Webb: Sure. Thanks for having me, Shelli. I think the most essential thing to do when you are a first-time homebuyer or looking to purchase a home for the first time is contacting a local mortgage professional who is experienced with first-time homebuyers and obtaining a home loan pre-approval, doing that full credit analysis, income analysis, really seeing where your strong points are and maybe what your buying power is.
Shelli: And pre-approval is the number.
Amanda Webb: Yeah. So basically, we take a look at your credit, credit scores have a big impact on what you are approved for. We look at your income, your total average income for the last two years. We …
Shelli: Net income, right?
Amanda Webb: Yeah, absolutely. That affects your debts income ratio. And what your credit profile looks like. Are we okay with lending you money? That’s a big thing. So essentially, talking to somebody upfront and really knowing where you stand instead of going out and shopping for a home first and then …
Shelli: Nothing more disappointing than finding the perfect house and realizing that you can’t afford it.
Amanda Webb: Very true. And we get that a lot. And unfortunately, sometimes it takes a little time, maybe some credit repair. We work with credit experts that can help get credit back on track. And then we tackle the home buying project a couple months down the road if it’s something simple. And if it’s not, we have long-term plans, credit repair plans as well so …
Shelli: Fantastic.
Amanda Webb: Yeah.
Shelli: Great. Thanks, Amanda.
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Anderson & Associates has been serving Manatee County residents with property insurance coverage since 1985. We offer homeowners (including mobile homes), car insurance, life, health, umbrella insurance policies. We’re a family-owned and operated insurance agency, and we treat you like family.
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Anderson & Associates Insurance Agency
810 8th Avenue West
Palmetto, Florida 34221
Phone: (941) 729-7494
