Are You Ready To Buy A Home?

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Are You Ready To Buy A Home?

Have you spent many years renting a house or apartments and have grown tired of paying all that rent money to someone else? If so, then it may be your time to consider purchasing a home, and keeping all that cash for yourself! However, you do need to make sure that you are prepared on more than one level before jumping into the market. There are several financial considerations to make note of before you start thinking about buying a home. But, if you can arrange your finances into a sensible plan and secure a mortgage then this can ultimately be the most rewarding purchase you have ever made or will ever make.

Finance plays a giant role in the decision to purchase your first home. This is to be expected, of course, as if you are purchasing your first home you will probably not have a few hundred thousand dollars sitting around and will have to find a mortgage of some sort. You need to really make sure that you are prepared for the application for a mortgage, as it will involve a detailed investigation of your past credit history. If there are any issues that you know of with your credit then you should make sure you take care of them before you apply for the mortgage. Sometimes this is a simple case of oversight, some things may have been taken care of and not recorded as such, and sometimes there can be some debts you need to take care of. Once these are out of the way, be sure to get a letter of release that you can show to the mortgage broker or company if necessary. If there are no issues with your credit then that will only make the whole process that much easier.

There is no greater tool in the home buying process than having all your financing ready before you start shopping. This is a great motivator for sellers as they want their homes to sell quickly and without incident.  A home buyer with ready-to-go financing’s offers will hold higher favor with almost any seller. If you are on top of these things then when the time comes to make that offer, the whole process will go much more smoothly and you will be able to apply your time to what is important. How to decorate your new home!

Thinking of buying and don’t know where to start?  Give me a call at (386) 316-4253 🙂

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