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I would like to hand you the
keys to your new home. I can make your
home buying experience as painless as possible.
That's why its best that you know where you
stand with your credit before you start the
process. For information on your credit
click here. |
Steps in the home buying process.
1. The first
step is to start saving some money towards the down
payment of your new home. You will also need money saved
up to use as earnest money when you find the house you
want to purchase. Generally, you will need between
$500 and $2,000. Although it's not required to put
earnest money down when you sign the contract to
purchase a home, it is customary. This gesture
lets the seller know that you are serious about
purchasing their property. Earnest money is
different from the down payment. The money needed
for a down payment is what is needed in order to acquire
the loan. Some lenders may only be able to offer
you a 90% loan. This means that you will have to
come up with the other 10% in order to purchase the
property. There are other fees associated with the
closing of your loan. So be prepared!
2. Make sure
your credit issues have been corrected. Mortgage
officers rely heavily on your credit score. What's
reported in your credit report highly affects your
credit score. So make sure that you do not have
any credit accounts that are up to the limit or over the
limit. Take care of these issues before applying
for a mortgage. The better your credit looks, the
better interest rate you will receive.
3. Apply for
a mortgage. It's best to apply for a mortgage
before looking for a home. This way you and your
REALTOR will know how much house you can afford.
This makes the home buying process easier. Get
your PRE-APPROVAL letter ready!
4. Now that
you have a price range of how much you can afford, sit
down and think about what type of house you want to
purchase. Think about what you must have and what
you would like to have in your new home. I have
prepared a Wish List to help you with this process.
Click
Wish List Word
doc or Wish List Adobe
pdf for your Wish List.
5. NOW
LET'S START THE SEARCH FOR YOUR NEW HOME! Fill
out the short form below then either
email or fax me your Wish List along with
your PRE-APPROVAL letter from your lender and I
will find a home that meets your needs.
Filling out the form below will give me the information
I need in which to assist you. Don't forget to
complete and send YOUR Wish List form and PRE-APPROVAL
letter to me via
email or fax.
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