Buying Your First Home

Have you been thinking now is the time to purchase a home?

There are some steps to take to make the process a little easier. You will need some sort of down payment depending on the type of loan you receive. So you probably want to start saving as much as possible. Credit is going to play a very important part of the home buying process. Your credit score will determine if you qualify for a loan and how much your interest rate will be, so it is in your best interest to pay your bills on time and not get overextended.

Next, you will want to meet with a lender who will be an important part of your home buying team! Your lender will look over your credit, income, and debt ratio to see what amount you will qualify for. This is important because you can then look at homes that will be in your budget. You want a home that you can afford and enjoy!

Once your lender looks at your information and determines that everything is in order for your home purchase, they can provide you with a pre-approval letter, so once you find a home, you will be ready to make an offer.

Agentowned Realty has an in-house lender Prosperity Home Mortgage who is always ready to help with any questions you may have about the mortgage process.
Next time we will talk about finding a Realtor and the home you want!