1. The first step is to look at your financial picture by gathering your last 2 years income tax returns, your last two year's W2's, last 3 months bank statements and last paystubs. This will save you time before you even think of approaching a Mortgage Officer or a Real Estate Professional or searching a home on-line.
2. The second step any potential buyer needs to do when they start thinking of buying a home, is to contact a local and trusted mortgage broker, bank or credit union. A good local loan officer will pre-qualify at no cost. Internet is a good source of lenders but try your local lenders first. A recommendation from a Trusted Real Estate Advisor or Professional will save you time and give assurance that you will be handled by a professional too.
3. Third step, get PRE-APPROVED not only PRE-QUALIFIED. Make sure your pre-approval is based on your credit, employment and down payment. Understand what program you have been pre-approved, the amount of downpayment required and the closing costs that you need to come up before closing.
Then only then, you can start to look for the home that will fit to your criteria and based on your lifestyle. This is the POINT when you need a Trusted Advisor and Professional Real Estate Agent to guide you through the process. A professional who will represent your best interest and give you advice anytime you need to make a decsion. A professional who can be using all the tools of the digital real estate and at the same time have a "personal touch" who will make your purchase less stressful and will give you peace of mind, before, during and after the purchase.
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