Here are a few steps to take before you start house hunting.
1 – Save for a down payment. With today’s loan programs, you can get into a home with 3% down!
2 – Check your credit score. Use one of the big 3 – TransUnion, Experian, or Equifax. Many banks & credit card companies offer this as a free service now.
3 – Determine your budget. If you haven’t spoken with a Lender yet, give us a call! We work with several local lenders, and would be happy to give you a list to interview!
4 – Compare mortgage rates. While comparing rates, look at the other things that make up your monthly payment. Sometimes downpayment assistance can make a larger difference. Make sure that the quoted rate doesn’t require a buy down or other extra fees. It is important to look at the ENTIRE picture when applying for a loan. Rate isn’t always the deciding factor!
5 – Find a knowledgeable agent. That’s us! We would be happy to sit down with you to answer your questions as you begin the process of looking for your new home!