Getting Ready To Buy Your First Home
If you’ve been thinking about buying a home in Lakeville for a while, now is the time to start getting all of your ducks in a row. It can be quite frustrating to find that perfect home only to realize that your credit score needs some work before you can make an offer. So here are 5 steps to buying your first home.
5 Steps To Buying Your First Home
1) Check Your Credit Report
Many credit reports actually have errors in them that could be lowering your credit score. It is a good ideas to take a look at your report for any errors before seeing a mortgage lender. You should also look for any stains on your report and see what you can do to improve your score. This will help you qualify for a better loan.
2) Create a Monthly Budget
You need to know what you can truly afford. To make this budget accurate, visit a mortgage broker and see exactly what your monthly payments would be at different price points. Also factor in the cost of home ownership such as repairs and maintenance.
3) Find a Good Real Estate Agent
A good real estate agent can really make your home buying experience a good one. They will help make sure that you are getting the best deal possible as well as help you through all of the home buying process.
4) Find a Good Lender
This is equally important as finding a good real estate agent. A good lender will help you find a loan that is perfect for you and for your budget. A good lender is someone who will be honest with you and not try to get you into any loan they can.
5) Start Looking At Homes Online
If you have a good real estate agent, they should be able to hook you up with custom online search tools to get the latest homes that come onto the market. To get the best deal possible, be patient, but also be ready to make an offer when the right home comes along.