The first step to buying a home is to meet with a loan officer and to get pre-approved for a home mortgage.
A loan officer can discuss with you the different home loan programs available to you and more importantly, what your approximate monthly home mortgage payment will be.
An important consideration to remember if you're using an online home mortgage calculation tool is the cost of property taxes. Another additional cost will be homeowners insurance and if needed, private mortgage insurance.
Here is a brief list of the items you will need to bring to your loan officer for a mortgage pre-approval:
Your driver's license, Social Security number, information on current and previous employers and residences, most recent pay stubs, copies of credit card and loan statements, copies of bank statements and asset information (stocks, pension and retirement funds).
If you would like a referral to one or more local loan officers, please send me an email at the link below or give me a call at 224-627-7581.
Thinking of making a move? Log onto my website atwww.StarHomeFinders.com and search the Multiple Listing Service from over 150,000 homes for sale. Registering is quick and easy!
Jim Starwalt, Broker Associate RE/MAX Center, Phone: 847-548-2625 Jim@StarHomeFinders.com