Buying a Home in Todays Market

By
Mortgage and Lending with Alpine Mortgage Planning

Buying a home in today's market can be stressful, and confusing, especially since 50% are First Time Home buyers.   Even for the seasoned home buyer, the current real estate environment is constantly changing, and very different than it has been in the past.  If your in the market to purchase a home here a few tips.

1) Shore up your credit

You may think your credit score is good enough, but you wont know for sure until you contact a Mortgage Advisor, and get a consultation regarding your current credit standing.

2) Buy within your means

When reviewing your credit with a Mortgage Advisor make sure you communicate what type of payment you are comfortable making.  Even if you can qualify for more, stay within your means.

3) Prepare for the paperwork

Now more than ever, loans are requiring additional documentation.  Paystubs, W-2's, and Bank Statements, often times are not enough anymore.  Depending on you situation, you may also need to provide Tax returns, Divorce Decrees, Child Support Agreements, Retirement Statements, Rental Agreements, Etc.  Providing this information up front, will assist in closing your loan on time.

These are just a few tips to preparing for your next purchase. 

Whether you need credit help, down payment assistance, or a Realtor referral, we are here to assist you.

 

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