If purchasing a home is on your to-do list this year, focusing on the following items might help you achieve your goals.
Work on Your Credit
Mortgage rates aren’t quite as low as they were a few years ago. Your credit score can directly impact your mortgage rate and future home loan. Monitor your credit to keep track of your spending and improve your score by paying down debts where possible.
Plan for Your Down Payment
Talking to a mortgage loan officer about your options as a future homebuyer can help you plan what you will need to set aside for a down payment and closing costs. Setting aside a portion of each paycheck to go directly into a home buying fund could help you get on track for being prepared at that future closing!
Pre-approval from a lender can help you better understand what you can borrow for your future home loan. This will help you understand and calculate a mortgage payment that will fit into your budget.
Prioritize Your Wants & Needs
Create a list of desired features and decide what’s a must-have and what’s a nice-to-have. A licensed real estate agent can help you find a home that best fits your needs, and will help guide you through the home-buying process & beyond.
Ready to start the process? We’d love to help! Click here to email us, or give us a call at 334-272-3200.