Be Prepared to be a Smart First-Time Home Buyer

By
Real Estate Agent with REMAX Advance Realty II 3233262
Applying for a loan can be a smooth process if you are well prepared. The first step is to understand the basic terms of home buying.
Next, remember that the lender will need a lot of information and paperwork to consider your loan request. You’ll need to provide documentation for whatever you state in your application. 
Be prepared to make several big decisions.  For example, should you hire a mortgage broker?  If you do, know what to look for, and what to avoid.  And be prepared for the extra expense. 
  
You’ll only be able to get a loan if your credit is good.  You need to understand your credit report and how to improve your credit score, if necessary. A good credit history is the key to getting a good loan.
If this is your first time buying a home, know what your new monthly expenses will be.
Don’t count on your loan officer to educate you. It is important that you educate yourself and have a good understanding of available loan programs.
As you begin the home-buying process, knowing these elements will help you get your journey off to a solid start:
  • Learn the lingo. Make sure you understand the language in all your mortgage loan papers.
  • Be prepared to provide a lot of personal and financial information.
  • Decide whether to use a mortgage broker or a lender.
  • Make sure your credit is good. 
  • Make sure you can handle the new expenses that come with being a homeowner.
  • Know about your different loan choices. 
close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
Florida

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
23,489

Jose Francisco Sanchez

JFSanchezRealtor
Contact me Now..
*
*
*
*

Additional Information