First Time Buyers


Lynn Reganato, ABR, CRS, SFR, SRS

Realtor Associate

Cell: 609-839-2036

Office: 609-264-7218

Fax: 609-266-0614


If you haven't spent a lifetime in Brigantine, then choose the Realtor that has!

Berkshire Hathaway HomeServices

Fox & Roach, REALTORS

Lynn Reganato, ABR, CRS, SFR, SRS

3620 Atlantic Brigantine Blvd.

Brigantine, NJ 08203

Office: 609-264-8444

Cell: 609-839-2036

Copyright © 2007 All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Lynn Reganato is an agent of Bershire Hathaway HomeServices Fox & Roach Realtors. Neither Lynn Reganato nor the service providers for Lynn Reganato are liable for any errors or inaccuracies in the information provided through this website. © 2007 Lynn Reganato. Equal housing opportunity. Copyright © All rights reserved.

Financial Advice for the First Time Buyer

Purchasing a new home is a big step, especially for first–time buyers. Most people’s concerns center on affordability, so take a look at your financial situation.

Crunch the numbers to decide if this is the right time to buy.

Mortgage rates are historically low, and homes are well off their highs of a several years ago. That’s great for buyers!

Here are a few other financial considerations for first–time buyers.

It takes more than the down payment to get you through the door of your first home. When buying, consider the closing costs and future expenses that come with any property.

Many experts agree that homeowners should have 1–3% of your home’s purchase price in savings for improvements and surprise expenses. Likewise, mortgage experts say you hold at least 6·mortgagepayments in the bank in case of job loss or other circumstances.

Home inspections·also are helpful for first–time and other buyer, as they list repairs that must be made now by the seller, and other repairs that should be made soon … by you. Put together a short–term plan based on the inspection. This will help you figure how much additional money you'll need in the months ahead for maintenance.

Be sure to read·What Can I Afford?·for more information.

Discuss home ownership costs with your·Prudential Real Estate Agent. Working together you can pinpoint all related expenses and achieve your home ownership dreams.