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    • Living in Los Angeles
    • Los Angeles Mortgage Broker
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Our Guide to the Best Time to Buy Your First Home

September 24, 2020 by Shannon Christenot

Guide for first time home buyer in Los Angeles California

Everyone dreams of setting down in a forever home someday, one where you can grow a family for different generations and have access to the most convenient stops along the way. It’s an ultimate milestone that marks a new chapter in your adulthood, making it a big decision that you can’t make on a whim.

It’s easy to get swept away by the thought of having a place to call your own, and while there’s no perfect age to buy a house, there are several factors to consider before you should take the plunge. We’re here to break down the steps you need to take and test your readiness before you swoop in the real estate market for a steal.

2 Factors To Consider When Buying Your First Home

  1. Can You Afford the Down Payment And Closing Costs?. Some people can leap and shop for homes early in their 20s, and there’s not much problem so long as you have the funds to do so. Keep in mind that the budget you set for your future home should meet all the fees that come with the process, meaning there are down payment fees, home inspections, repairs, and closing costs on top of the property’s initial price. The down payment can range between 3 per cent to 20 per cent of the loan depending on your mortgage, while the closing costs can surprise you with a 5 per cent increase in the end. Depending on the market, it could potentially double your budget, which can leave a dent in the pockets of first-time buyers.
  2. Location and Long-Term Commitment. What defines your dream home? Many think that it’s a space that looks inspired by a home interior, glossy magazines, but it should also be set in a location that suits your lifestyle in more ways than one. The advantage of renting an apartment in the meantime is the freedom to get up and move whenever you need to, but buying a house is a long-term commitment that demands you to make a living in one location. It needs to be where you can access your work and have close connections with quality schools, hospitals, parks, and other districts that contribute to quality living.

The Bottom Line: Exploring Factors To Consider When Buying Your First Home

The home-buying process can be complicated, even for veterans. The requirements you have to understand and fulfill can be overwhelming – starting from the application down to the settlement.

Working with a good mortgage broker can ease the hassle by simplifying your journey since they can help compare the right lenders and products that suit your budget. With a broker by your side, you don’t have to worry about the how’s, why’s, and what’s in your home-buying journey.

Buying Your First Home with Shannon Christenot

Are you looking for a professional broker to help you navigate through the home-buying process seamlessly?

We’re the best mortgage broker in Los Angeles, that can help make your mortgage work for you. Whether you need help with property investing, construction loans, or improve lousy credit loans, we can take the guesswork out of these requirements and ensure you can settle down into your dream home in no time.

Get in touch with us at (818) 601-2231 and get a free mortgage rate quote today!

Filed Under: Buy A Home Tagged With: California, Home buying tips, Los Angeles

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What Our Clients Say

Shannon Christenot
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Caroline Wong
Caroline Wong
17:04 22 Apr 20
Shannon was very prompt and responsive to all queries. The process went more smoothly than I ever could have imagined. Highly recommend Shannon for all your mortgage/re-financing needs.
Sarah Goldberger
Sarah Goldberger
19:36 21 Apr 20
I cannot recommend Shannon highly enough! As an independent contractor, I knew getting a mortgage would be a little difficult, and Shannon supported me and helped make it work every step of the way. If I ever need brokerage services again, she'll be my first call!read more
Kristina Robbins
Kristina Robbins
21:47 15 Apr 20
We’ve worked with Shannon and her team twice and both experiences were stellar. The first was buying our first home and she walked us through the process and explained everything along the way to help us get quickly up to speed. The second time we were going for a refi in maybe the most turbulent mortgage market ever as COVID hit. She guided us through all the hurdles and worked double time to satisfy all the lenders new requests. We got a rate a full percent lower. I can’t recommend this team highly enough.read more
Karl Larsen
Karl Larsen
23:55 13 Apr 20
Shannon Christenot is the most amazing lender we’ve ever had. As a matter of fact this is the second time we’ve used Shannon to do a mortgage with us. She held our hand every step of the way. She made the whole process stress-free as well. And when we were coming down to the wire to finish our escrow within the 30 days she got us an extension Without even asking. Now we are locked into a very low rate. We’ve saved hundreds of dollars per month for the next 30 years. We cannot Thank Shannon enough. I would recommend Shanon to anyone thinking of buying a home or refinancing.read more
Tony Bilby
Tony Bilby
03:09 07 Mar 20
Shannon and her team were professional, competent, and swift when it came to the lending associated with my home purchase. We were able to get the loan approved and close on a house in less than 30 days. Record time!read more
Joshua Barton
Joshua Barton
16:05 23 Nov 19
I have had the pleasure of working with Shannon for 8 years - her knowledge of the mortgage process and attention to clients is unparalleled. The Los Angeles market can be tricky with high dollar homes and unique income of the Entertainment Industry, but Shannon takes charge and leads everyone through to successful closings like clock work - cannot recommend her enough a true Rock Star in Mortgage world.read more
Lauren S
Lauren S
04:52 18 Oct 19
Working with Shannon was a real pleasure. She was always available and got back to me promptly with any necessary information. I was able to refinance my mortgage at a rate considerably lower than another larger company quoted who I had started working with. I look forward to working with Shannon again and I highly recommend her to anyone looking for a competent and decent mortgage broker.read more
Mike White
Mike White
02:15 27 Sep 19
As first time home buyers we had no idea what we were doing. We were pre-approved by a well known company but quickly discovered that we absolutely did not want to work with them for the actual mortgage. Shannon was recommended to us by a friend and I called on a Saturday morning. By Saturday evening we were well on our way to buying a house (we closed three days ago!). Shannon made navigating these foreign waters so easy, answering all of our newbie questions with patience and grace. Plus she got us a fantastic rate. We are so grateful for Shannon and can not recommend her enough. WE OWN A HOME!!read more
Alaine Smith
Alaine Smith
13:15 26 Sep 19
It was wonderful working with Shannon! She is attentive, thorough, and intelligent. It was easy to communicate with her because she took time to hear and understand my goals and always responded quickly. I highly recommend her to anyone looking. The customer service she provides exceeds expectations by a long shot! Thank you, Shannon, for all your help!read more
Julie Mckay
Julie Mckay
17:20 28 Aug 19
I just purchased my first home! Shannon and her team were truly a dream to work with. I was never left in the dark and she was always quick to respond with all of my questions. My experience couldn't have been easier. I highly recommend Shannon and would use her again in a heartbeat! She is the BEST!read more
jojo quijada
jojo quijada
19:55 27 Aug 19
I've been in the real estate business for over 5 years now, and I always trust Shannon to work with my clients. She and Josh are an AMAZING TEAM! Buyers love to work with Shannon as she gets things done asap and answer any and every question/concern. I couldn't recommend a better person for lending. Can't thank her enough!!read more
Rotimi Ayanbeku
Rotimi Ayanbeku
20:12 15 Aug 19
I always go back to Shannon because she is one of the best in the business! I've worked with Shannon over the years, however, she outdid herself in my last deal. She was so professional, caring and effective that my clients were comparing everyone else in the deal to Shannon. More importantly, we were ready to fund in less than two weeks. Once again, Shannon affirmed my belief in her that she always rises to the occasion. Thank you for being the best!read more
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Shannon Christenot is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines.

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