Ready to buy a home? Here's your next step.

Mortgage and Lending with Bay to Bay Lending LLC
The first thing you should do before you shop for your new home is to get a copy of your credit report & credit score! The Federal Government mandates 1 free credit report annually. The official site where you obtain it is
Also, you can obtain a copy of your credit report and score from one or all of the three credit bureaus: TransUnion (, P.O. Box 2000, Chester, PA. 19022,800-888-4213,;Equifax (, P.O. Box 740256, Atlanta, GA. 30374, 877-784-2528 ,; Experian (, P.O. Box 2104, Allen, TX. 75013, 888-397-3742 , You may even consider ordering a three in one credit report to see what each credit bureau is reporting about you.

You’ll want to review your credit report for any potential problems that will need to be cleared up before you start shopping for your home. You don’t want any surprises when you complete your home loan application. So, it’s important to be proactive about getting your credit report first!

After you have secured your credit report, the next step for you to consider when preparing to purchase a home is to get pre-approved ( for your home loan. That’s right, get pre-approved for your home loan not pre-qualified, there’s a big difference! Getting pre-approved for your home loan means that you  have obtained approval from your chosen lender to pay a certain amount for the home you are about to purchase.

Basically, pre-approval means you already have your money for your home purchase and have the ability to negotiate a better deal with the seller because you have the funds to purchase quickly. A pre-qualification doesn’t have much clout, because you have not secured approval of your home loan from a lender. A pre-qualification is that you may qualify for a home loan. So, do your research and secure pre-approval of your home loan from a lender of your choice before you start shopping for your home!

As you look for your home, you may want to choose a buyer’s agent to represent you for your home purchase. Remember, the seller’s agent represents the seller and not you, the buyer! That means that whatever offers you make or whatever you tell the sellers agent for the most part must be relayed to the seller. For example, if you tell the seller’s agent that you could pay up to $200,000 for a particular property but relay a bid of $180,000 directly to the agent for the seller, the agent usually has a duty to tell the seller that you would pay up to $200,000 for their property. This would leave you with no room for further negotiations of the purchase price to the seller. So, consider getting your own buyer’s agent that will represent your interests for the home you are trying to purchase. Consider getting a buyer’s agent that will split or get a portion of the real estate commission for the home sell with the sellers agent so you’re not stuck paying a commission fee directly.

If you’re interested in purchasing a brand new home, it is recommended that you have your own buyer’s agent representing your own interests and not the agent who represents the builder! In most cases, you will find that the terms of the contract for the purchase of the new home presented by the builder’s agent, is one sided and may not protect your interest! So, get an agent that will represent you for your new home purchase. You will find that you may have a better peace of mind during the purchase of your home.

Buying a home is probably the most expensive purchase you’ll make in your lifetime. It’s also one of your bigger investments for your future. So, it’s important that you do your research before you buy and take precautions that will make your home purchase easy going, less stressful and carefree! So go ahead, get started on your home purchase today!

Bay to Bay Lending is based in Tampa, Florida. The company has a team of mortgage brokers ready and willing to assist you with any of your loan needs. To reach Mortgage Loan Originator Marc Hutchison, contact him directly at (813) 489-5566 or reach out to him via email: With today’s interest rates at an all-time low, it is important to lock in today. Visit us on the web at and use our free mortgage loan calculators to see if it is a good time for you to refinance your home.


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Marc Hutchison

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