First Time Home Buyers Pt. 2

Ok so if you have read my first blog about First Time Home Buyers then you know that the time to buy a home is now, now its time to learn how. First you need to get pre-approved after you use the rule of thumb for purchasing a home which is to take your annual income before taxes and multiply it by 2.5. This will give you and idea of what you are able to afford. Review your credit which should've been pulled already and fix any potential problems. Next get a LSR a Loan Status Report, this houdl be done the minute you get pre-aproved. NOw its time to get a buyers agent, as most mortgage companies only work with the best. Once you've found your buyers agent its time to go to the mortgage company. Then you must fill out all of the paperwork needed and that is required everythign has to be signed as well. Then you will be well on your way to be in your new home!