Buying a new home is a major decision that one makes during a lifetime. It is the single largest purchase most people make. Question is- how will you pay for it? One of the first steps you should take when buying a home, after picking a great Realtor such as Ben LeBrun, is to be pre-qualified by a licensed mortgage loan officer. This will give you an idea of how much you can truly buy, what a monthly payment might look like, and how much of a down payment you might need to have in order to purchase a new property.
When is the last time that you looked at your credit report? Do you have the right credit score to qualify? Do you have any surprises or credit blemishes that need to be cleaned up? It is important to meet with a home financial expert so they can show you the full picture. You might have things that need to be paid down or off or a credit score that needs to go up in order to qualify.
One of the biggest disappointments in the house hunting game than finding a home you love but that you do not qualify for. By calling me before you are ready to start searching, I will help you establish what sales price you can afford, what loan program works best for you, and a savings plan to help you with expenses and down payment. Then, when you are ready to start searching for your new property, you are prepared without any financial surprises.
Colby Raymond, Licensed Mortgage Professional, Tidewater Home Funding
If you would like to start the prequalification process now, please call me at 757-748-5522 or visit my website at www.tidewaterhomefunding.com/colby