Do you have a stable job with stable income? Do you have good control of your monthly debt payments and a decent credit score? If you answered yes, then you are probably ready.
The first step to find out if you are ready to purchase a home is talking to a mortgage professional. A local mortgage broker is an excellent person to help you determine if you are ready to buy a home. A mortgage broker can answer any questions you have about the home buying process. If you think you want to buy a home but you have some credit issues, it is a good idea to talk to a mortgage broker as soon as you start thinking about wanting to make that purchase. A good mortgage broker can educate and guide you on the dos and don’ts of how to prepare to purchase a home whether you plan to purchase this week or next year. Did you know that you should not close a credit card account after you pay it off because this will lower your credit score? There’s so much other great advice that a mortgage broker can give you so that you don’t make mistakes that will lower your credit score or hurt you in other ways that might delay you from getting that pre-approval letter that you need.
Once your mortgage professional issues you your pre-approval letter it’s time to connect with an experienced realtor. You can use any realtor that you choose but it’s always beneficial to use an experienced realtor who can properly guide you and work tirelessly to help you find your home and get your offer to stand out among all of the other potential offers that you might be up against. If you don’t already have a realtor your local mortgage broker can connect you with one they know and trust. This is another example of why it’s nice to work with a mortgage broker that is local to the state where you are looking to purchase.
Do you have questions or are you ready to get that pre-approval letter? Have you been thinking about getting started but you are nervous. Don’t put it off any longer. Call or text me today and let’s get started. The worst that will happen is you will find out what you need to work on to get yourself ready for your big purchase.