Thinking of buying a home? Here are som mission-critical steps to take before you begin your search.
Save for Your Down Payment
Contrary to common belief, your down payment could be substantially less that 20 %. Start saving now - you might be closer than you think!
To-Do-List - Automate your checking account to pull a portion of your paycheck into a separate house fund.
Build Your Credit
Your credit score in one element that helps detrmine which home loan you'll qualify for in the application process. It also impacts your mortgage interest rate, so a higher score could lead to a lower monthly payment.
To-Do-List - Stay on top of your loans and make sure to pay your credit card bills on time.
Connect with a Trusted Agent
Real estate professionals help you make strong decisions throughout the homebuying process. They know the market and can guide you toward a sound investment.
To-Do-List - Find an agent to start looking for a home.
A pre-qualification letter lets you know how much money you can borrow and helps you determine how much home you can afford. It also shows sellers you're a serious buyer.
To-Do-List - Contact a Wallick & Volk Mortgage Advisor!