|
|
Finding the right home is rarely easy, and findind out what you can afford is one of the first steps. You can take this step by pre-qualifying for a home loan. This step will help you narrow your search for both a neighborhood and particular houses.
A pre-qualification is a simple calculation that considers several factors, but primarily your income. There are no guarantees with a prequalification, but it will be expected of you when you make an offer on a home. Some home buyers take six months or longer to find an affordable home in an ideal location.
Buying a home is a series of compromises. No home is perfect, but the following are some steps to make home buying a little easier.
- Shop for your home mortgage before shopping for a home. Feel free to contact us for up to date loan information or try out our quick mortgage calculator.
- Inspect several houses before making a purchase offer.
- Understand who the real estate agent really represents.
- Before making your purchase offer, insist that the agent prepare a written comparative market analysis (CMA) for you.
- Insist that the home seller disclose all material defects in writing.
- Include mortgage finance and professional inspection contingencies in your purchase offer.
|
|
|
