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The first thing we would recommend when considering a home purchase, is getting pre-qualified for a loan by an experienced loan professional before beginning to house shop. This is to make sure you know what loan amount you can qualify for and that your credit is in order. Whether you are a first-time buyer or it's your second purchase, the fundamentals still apply. As Realtors we can assist with matching a buyer with a suitable lender. Your lender will walk you through the process and will have many products that can be offered and tailor-made for each buyer. Our Realtors can supply you with a list of items you will need to take to your lender.
This is an excellent time to buy. There are many great properties for sale and at prices the first time homebuyer can afford. Also mortgage rates are still at historically low rates, which makes the home even more affordable.
Homeownership is the American Dream but the idea of purchasing that first home produces nightmares for some folks. They fear the red tape, legalities, the challenge of finding this perfect home, or perhaps the commitment of a monthly mortgage payment.
But the process can be relatively painless, and often streamlined, by choosing knowledgeable professionals such as Realtors and mortgage specialists to provide guidance.
If your financial situation is stable, now might be a good time to follow that dream.
