YOU’VE DECIDED TO BUY – SO WHAT’S NEXT?
Purchasing a home is one of the most important decisions that you will be fortunate enough to make, so it’s a good idea to be prepared.
PUT YOUR FINANCING TOGETHER
Unless you are fortunate enough to have a suitcase of cash lying around, chances are you will need a mortgage. You will need to know how much home to shop for and with a tight inventory being pre-approved is a necessity.
Put together your documents:
- Financial Statements
- Bank Account records
- Credit Card statements
- Auto Loans
- Recent pay stubs
- Tax Returns
- 401k statements, etc.
These are just some of the required documents a lender may ask for.
Check your credit rating and BE CAREFUL with your finances. Now is not a good time to take on extra debt or make a change in your career. Lenders will be looking for stability.
Because of the tight inventory a pre-approval letter is needed to submit with any offer to make sure we don’t lose out on a sale. If you are not already working with a Lender, just ask me, I can put you in touch with a preferred Lender.
Here are some tools to get you started:
TODAY’S MORTGAGE RATES
(Rates and Calculations not guaranteed) Always consult with a mortgage professional.
PUT TOGETHER YOUR WISH LIST
Put together your list of wants for your new home. You can start by filling out the Buyer Questionnaire to get acquainted and list the items you desire in your new home.