Home Buying Process
Buying a home can be a long and complicated process, as a result, deciding if it is the right time to buy can be challenging. Let us make the process easier with some helpful tips on making the home buying experience go smoothly.
Start researching the market, for example, take some time to research the community and find homes available
in your desired neighborhood.
Shop around for mortgage lenders
– In 2019 interest rates
are expected to rise but don’t let that discourage you as your lender can help.
- Provide only a credit score to lender and not your SSN until you have chosen the lender you would like to work with
- Get pre-approved for a mortgage loan
Pay off your debt – Lessening your debt to income ratio
will be helpful in securing a mortgage loan. There are many resources available online to help strategically reduce your debt
. Check your credit score – Obtain a free credit report
quarterly without affecting your score.
- Make sure to correct any errors
- Remember to always make payments on time
Focus on building your savings account – With today’s advances in technology there are savings apps
designed to help you set and reach your goals. Start a future home wish list – Check out our “My Home Wish List”
to set a clear vision of what your next home with look like. Gather financial paperwork – Buying a home requires a lot of financial information, therefore gathering certain financial documents
will help the process go smoothly. Interview real estate agents – 25% of home buyers only met with one agent, in other words it is always best to weigh your options. Find a CENTURY 21 Morrison Realty REALTOR®
- Close any credit accounts
- Make any major purchases
- Change employment or employment status
- Change your bank
In conclusion, buying a home can be a challenging but rewarding process. Following these steps will prepare you for the future and help you get into your dream home in 2019. CENTURY 21® and the CENTURY 21 Logo are registered service marks owned by Century 21 Real Estate LLC. CENTURY 21 Morrison Realty fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Each office independently owned and operated franchisees are not provided by, affiliated with or related to Century 21 Real Estate LLC nor any of its affiliated companies.