5 important things to consider when making this major life decision:
Understand your finances.
• Talk to a professional loan advisor about your assets, debts, and credit history to see if you prequalify for a mortgage.
Get your paperwork in line
• Your lender will require a lot of personal information to build your loan. Start gathering recent tax returns, bank statements, and pay stubs to be prepared.
Set aside your down payment
• Depending on which loan product you’re applying for, you’ll typically need to reserve 3% to 20% of the sale price for your down payment. If you qualify, some loans allow you to purchase with no money down or monetary gifts from your family.
Get preapproved.
• A preapproval from your lender will help you learn how much you’ll be able to afford—plus reassure sellers that you’re ready to make your move.
Find your new home.
• The cost of living depends on many factors. Make sure to factor in your daily commute, shopping and recreation, and local school systems.
Get a FREE, NO OBLIGATION quote to see if you qualify Now.
Will NOT affect your credit score and you will not be placed on a robo call list.