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6 Steps for Becoming a Homeowner in 2020

Posted by Hanna Selman on February 10, 2020
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steps for becoming a homeowner in 2020

Buying your home is an exciting—and fulfilling—journey! Still, the process can change over time! Like with any experience, it helps to go in with a bit of guidance. If you’re thinking of starting your homeownership journey this year, follow these steps for becoming a homeowner in 2020.

Cultivate Your Credit Score

We’re all entitled to free credit checks from each of the major credit check companies once per year. You should get yours! If it’s in the lower—or even middle—range, you should consider bringing it up before you make any offers. That way, when you begin to follow the rest of these steps for becoming a homeowner, you have the best possible chance of finding a lower-interest loan.

Put Together a Sizeable Down Payment

The larger your down payment, the less you’ll have to pay in interest. A bigger down payment can also be the factor that distinguishes your offer apart from the rest! Even if it means a few more months of saving, the results will be well worth it.

Determine Your Budget

Determining your budget can save a ton of time—and money. Then, you don’t take out a bigger loan than you can handle. It will also help you figure out what kinds of homes are in your price range, which will make the search much easier.

Craft a Payment Schedule

For many people, it can take decades to pay off a mortgage. You should map out your payment schedule for your mortgage over the years, so that you have a realistic and comprehensive look at the finances. It may take a bit of math, but don’t worry—your Realtor is here to help!

Opt for Pre-Approval

Buying a home is one of the most important experiences you may have in life. So, it makes sense that there are a fair amount of steps involved. It also means that preparation is the name of the game! Consider opting for pre-approval on your mortgage. It will make the buying process so much simpler!

Work with a Trusted Realtor

You want a Realtor that looks out for your best interests—one that will ensure you find the best possible deal on the best possible home. That’s just what Ryan Roberts will do! Working with him will make becoming a homeowner a straightforward experience!


Is owning a home your New Year’s resolution? You still have plenty of time! Following these steps for becoming a homeowner in 2020 can make the process so much easier—especially when you have Ryan Roberts on your side. Fill out our contact form to begin. Plus, for more on homebuying, visit our blog!