In our last post we began a series on smart ways to approach home ownership, starting with healthy finances. Properly preparing for your Smith Mountain Lake home will make sure the heavy responsibility of property ownership doesn’t become a burden outweighing the blessing. For financial advise, we turn to one of the country’s most respected financial consultants, Dave Ramsey. On his website, Ramsey has a simple list of responsible real estate tips useful for anyone buying a home, whether for the first time or the last time.
Part of getting your finances in order prior to searching for a Smith Mountain Lake home and making an offer on the property of your dreams is getting pre-approved. Pre-approval on a mortgage from a bank will help you know if your credit score, income and debt payment capacity makes sense for the large loan involved in a home mortgage that you’re about to take on. In addition to giving you some peace of mind, getting pre-approved by several mortgage companies will give you options.
Make sure you meet with a financial consultant and follow the tips on Dave Ramsey’s site to get your finances in order before getting your heart set on a property that will only add stress and pressure to your life over the long run. And when you do have healthy finances and are ready for a Smith Mountain Lake property, your best bet is to contact us at Deb Beran Properties to secure the finest realtor at Smith Mountain Lake.
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