Anyone who has ever been a first time home buyer can agree- the process can be daunting! Good thing there are great resources out there to help guide us through the process.
James Taylor, the President of the Virginia Housing and Community Development Corporation, visited the show to tell us some tips for the process!
His first tip is to educate yourself about the home buying process.
Next, sit down with a housing counselor so you can figure out just where you stand, and what you need. You will figure out if you need financial assistance, and if you do- the counselor can educate you on the resources that are available to you.
As adults, we all need to learn to stop spending and start saving. This is especially true when starting the home buying process! Financial wellness is so important when buying a house!
When you first get started, the number one rule is NO NEW CREDIT!
Mr. Taylor says you should take about 6 months to get your finances and credit in order prior to starting the home buying process.
After some more tips, Patricia and Quincy play a fun game with Mr. Taylor- to see if they learned something during the segment!
Do you think they learned how to be better money managers?
Watch the full segment to find out!
To learn more, you can visit their website at https://www.vhcdc.org/
To watch this week’s entire episode of Living 757, click here!
If you want to view past episodes of Living 757, click here!
And if you would like to see someone featured on the show, please email Share@Living757.com!
