I want to buy a home, what's the first step? I often get this question. The first step is to contact a local real estate agent, (like me). Get a referral to a good local lender. Why local? Let's just say if it's someone we've worked with in the past, we know their track record and know it can get closed. A buyer recently came to me after going on-line to a service that contacts 30 lenders on her behalf and was overwhelmed with it. I gave her a number to a trusted professional and it made the stress go away.
Once you get the referral to a good mortgage lender, you will contact them to get pre-approved. See my post about Getting Pre-Qualified Just to see the House.
The lender can give you a heads up on any red flags on your credit report. We want to make sure that there isn't anything there that will prevent you from getting a mortgage.
Do you think that if it's not on your credit report, it doesn't matter? Think again. Last month I had a buyer whose credit was fine. But, he had a couple of non-sufficient funds (NSF) showing on his bank statement. The loan was not approved. Paying rent on time, paying all your bills on time and showing that you are responsible with your money all matter.
With your pre-approval in your hands, the world is yours! (To a certain extent anyway) The pre-approval amount gives you a starting point on the price range you should be looking in or under. Then the search for your dream home begins.
Contact me for a phone number to call to get automated information on any home for sale in metro Atlanta. As you are driving around, you might see a house that intrigues you. Get instant info. We can also set up a customized website that gives you updates on homes that fit your search criteria.
If you are thinking of buying or selling a home in Cobb or Dekalb County GA, contact me, local Realtor Jen Bowman, Keller Williams Realty Atlanta Partners 404-456-5024.
See more tips on making your home buying easier.
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