ARE YOU READY TO TAKE THE PLUNGE?
It’s a big step and can be at once terrifying and exhilarating. Take a look below at some very important advice on the steps that can get you better prepared before you take the plunge.
1. SAVE OFTEN and SAVE a LOT for your down payment.
- Set aside tax refunds and work bonuses
- Set up an automatic savings plan
- Use an app to track your progress
2. Vet all Your Mortgage Options and Explore the Terms
- Compare Adjustable and Fixed
- Factor in Amount of Down Payment
- Factor in Length of Your Mortgage
3. Determine What You can Afford BEFORE You Start Looking
- Use a Home Afforability Calendar to Run Your Numbers
4. Credit Check to See Where you Stand
- Order it and then avoid any new activity to prevent a dip
- Look for any errors and dispute
- Pay down some debt so your score goes up
5. Get a PRE-APPROVAL Letter
- Prequalifying really makes sure you are all set and are looking in the right price points
- Pre Approval is not Prequalifying. Make sure it’s Pre Approval the closer you get to purchasing.