Sorry for lack of updates, been pretty busy, which is always good news. Here is a quick rundown of the article.
- Savings. You may already know how much monthly payment you can support (experts recommend no more than 1/3 your monthly income)
- Downpayment options. Do you qualify for downpayment assistance programs? Will you be able to get an FHA loan and pay 3.5 percent down?
- Check Credit Report. I suggest the website www.creditkarma.com. I used it, free, and gives you a score.
- Get Preapproved. It's time to talk to a lender! Let me know if you are interested in talking to a lender, I got two really good ones. No obligation, free, all you need is the time to meet.
- Affordability. The bank may tell you that you can afford a home worth $300,000. This does not mean you want to borrow to your max.
- Housing Criteria. You have a budget, now develop a list of what you need and want. That being said, you buy a house on your why's, not your wants.
- Hire an agent. An agent can help you navigate the entire process from searching, putting in offers, to where to hire an inspector or general contractors.
- Start the search! The MLS is a wonderful place to begin your search. Let me know if you need any help whatsoever doing this!
Have a great week and Thanksgiving if I do update til after then!
No comments:
Post a Comment