Buying a home can be stressful because of the emotion involved for you and your family. Buyers often start the process without knowing all they should and soon find themselves in over their heads. I’ve dealt with a lot of buyers and with these tips I hope buying your first home will be a lot easier.
Know what you can afford ahead of time. Before considering a home, purchase make sure you’re financially stable. This involves finding out your credit score, fixing any outstanding issues affecting your credit and ensuring that these are properly released from your report.
Once you are sure of this, talk to a mortgage banker, to see what you can afford and make the right mortgage plan for you. It’s vital you are pre-approved for a mortgage before you start looking if you’re serious about buying.
Work with a reputable realtor who knows the market well. Sit down with your realtor and make a list of things you require in a home. Your realtor should be able to provide you with a complete list of homes that fit your criteria and some that come close. Also, they will be able to guide you to properties that fit your pre-approved mortgage amount.
After finding a home or homes that suit you make sure to have a certified inspector take a look.
Rely on your realtor during the negotiation process; he or she should be the expert in this area.
Don’t get attached; what you think is your dream home may not be the right fit after all. You may find a home you like better. Another buyer may beat you in a bidding war or you might hit an unexpected problem. Keep your options open.
Company NMLS #12007
2055 W Iles Ave Ste C
Springfield IL 62704
LeaderOne Financial Corporation is an Illinois Residential Mortgage Licensee, MB 6760699. LeaderOne Financial has a full service office in Missouri located at 141 Triad West Drive, O’Fallon, MO 63366. Licensed by the Missouri Division of Finance, License #13-1776. Corporate Headquarters: 11020 King Street, Suite 390; Overland Park, KS 66210, NMLS ID #12007 http://www.nmlsconsumeraccess.org
This advertisement does not constitute a loan approval or a loan commitment. Loan approval and/or loan commitment is subject to final underwriting review and approval.