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5 Steps to Begin Your Home-Buying Process

5 Steps to Begin Your Home-Buying Process

Springtime brings an upswing in home sales - if you’re looking to move, or even purchase your first home, it’s best to get everything in order now before you start the whole process. Here are the top 5 starting steps to accomplish to make sure the home-buying process is a breeze!

  1. Make sure your credit is in tip-top shape! Pull your reports to make sure there are no errors. If you do find some mistakes, work on getting these taken care of before you apply for a mortgage.
  2. SAVE, SAVE, SAVE! Save for down payments, closing fees, and an emergency fund for all of those things that could go wrong!
  3. Talk with a trusted mortgage loan officer. Do your research; talk to friends, coworkers, and family to see who they’ve used – and shop around for the rates that each lender would be able to offer.
  4. Get prequalified for a home loan. This way, you can know what is even reasonable for a home payment. Remember - it is not always best to use the maximum loan amount you qualify for. Do some math to find out what your payments would be and see if they’ll realistically fit in your budget.
  5. Make a list of your wants, must-haves, and deal-breakers in a house– and start your house hunting!

Buying a home can be a stressful and anxious time for any potential homeowner. Make sure you have all your ducks in a row before you start the process and that should help ease a bit of the stress! Good luck on your house hunt!

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