Here is a checklist of steps involved for first-time home buyers
Check and maximize your credit score as a higher to ensure a better chance of getting approved for a home loan and the lower your interest rate will be
Get pre-qualified for a home loan
Gather all documents
Pick the right real estate agent. You will want to have a trusted real estate agent by your side to explain the ins and outs of the process and help you make the best decisions at every step. We are here to help ease the burden of
Find a home you love based on price, size of home and location
Make an offer and get a signed contract
With your agent by your side, receive the keys to your new home
Why Get Pre-Qualified?
1. Pre-qualification acts as a dry run of the loan application process. The mortgage lender will use details you provide about your credit, income, assets and debts to arrive at an estimate of how much mortgage you can afford. The whole process may take only minutes or a few hours at most, and is free.
2. While a pre-qualification is non-binding to the lender (because the information you provide has not been verified), it does serve as a good indication to potential sellers of your general creditworthiness.
3. These days most sellers will NOT accept an offer without at least a pre-qualification letter, so if you are serious about buying this is the first step towards getting you in your new home.
Call now and we can get you a list of local lenders!
