#2 In a Series For First Time Buyers
When you’re thinking about making a move, the first steps in the home buying process are:
1. Deciding when you want to make your move
2. Considering how much money you would like to spend
3. Thinking about what needs you have in a home
4. Deciding where you would like to live
The next step is usually finding out how much loan you can qualify for and deciding the type of financing that will work best for you.
If you’re in the “thinking” stage, you will want to speak with a lender about receiving pre-qualification. If you choose to become pre-qualified, the lender will determine how much you can borrow based on financial information you provide to the lender. Pre-qualification is useful for making preliminary decisions about how much home you can afford, but does not assess your creditworthiness.
You will need to fill out a loan application and go through the lender’s loan approval process at a later date. When you decide to buy a home, you will want to become pre-approved for a loan prior to beginning your home search. This makes the process smoother and shows sellers you are a serious buyer.
To contact our preferred lender please give us a call.
Please don’t hesitate to call or email for additional information about the buying process. Our goal is to provide you with practical information as you consider your next move. And, when you’re ready to make your move, We’ll help you find your dream home and handle all the details of the transaction, so all you need to do is pack!
If you have questions about making the decision to buy a home, please feel free to call or email.
Jon Tipton, Realtor/Certified Appraiser
813-653-1241
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