Secrets You Should Know When Purchasing Your First Home

Dated: October 27 2017

Views: 196

Secrets You Should Know When Purchasing Your First Home

If you’re a First Time Home Buyer thinking about purchasing your new house, there are a few things you should know in advance before signing the dotted line and renting a moving van.

Get Your Finances In Order 

Before inquiring about a mortgage, you should already be allocating your money, and setting some aside for your down payment. Sourcing money for at least two months in a separate bank account makes all the difference when you know you’re going to be applying for a mortgage.  Mortgage companies look up your FICO score, which is an in depth view on your credit history. By setting aside designated money for your down payment, you are speeding up the process and making things easier for all parties involved.

Get Pre-Approved BEFORE Looking For A House 

When you get your pre-approval before finding a home, you’re setting a budget for yourself. You have a ballpark range of how much money you’ll be expected to receive, which will keep you grounded when looking for a home.

Get A Professional Home Inspection 

When having a home appraised, it’s always a good idea to get it professionally inspected. This will save you some money in the long run, because you’ll be aware of any issues the home might have. Any issues usually can be negotiated between buyer and seller, or between attorneys. By having your home professionally inspected, unexpected repairs are not a thing to worry about. When buying a new home, it’s always beneficial to spend a little bit of money to save money later.

Give us a call today for any other questions you may have on the home buying, or mortgage process.

For More Info Visit:

Want to Advertise on this Site?

Latest Blog Posts

How Do I Know If Its A Good Idea To Refinance My Mortgage

Are you interested in paying less per month on your mortgage? Or perhaps you would prefer if your mortgage was paid off a couple of months – or years – faster? If you are a homeowner with a

Read More

Tips For Selling Your Home In The Fall

Football season has kicked off, temperatures are cooling and pumpkin spice everything is for sale in the stores. Yes, fall is here. While most people associate the spring and summer months as the

Read More

Pros And Cons Of Downsizing After Retirement

With Baby Boomers already rolling into retirement and Gen X looking forward to shrugging off the stress of the 40-hour work week, downsizing could be a strategic move.For many Americans,

Read More

Myths About Buying A Vacation Home

Are you thinking about buying a vacation home? Maybe owning two homes is part of your retirement dream. Maybe you’d like to have a second home in your favorite holiday locale. If you are thinking

Read More