Tuesday, May 25, 2021 / by Explore Homes In Florida
As a first-time homebuyer, you must be full of doubts and uncertainty but, the good news is this is an easy follow-up guide that will surely prepare you for what’s coming. Buying a house is not an everyday kind of situation, you must be ready to meet certain criteria and challenges that you will get through with the help of Complete Mortgage.
1. Before you start, save up some money.
Once adulthood breaks, most people focus on getting a well-paid job and that’s it. We highly recommend starting planning ahead of your time, even if you’re not planning on buying a house for the next ten years, that gives you an amazing opportunity to start saving for a down payment, the bigger the down payment, the lower the monthly payments.
2. Credit Score, Credit Score, Credit Score.
Yes, you need to save money, but also spend it. By responsibly using your credit accounts you will build a good credit score that will benefit your future plans, so be wise and check our article on How to keep your Credit Score High.
3. Be sure you are willing to commit to a Loan or Mortgage Program
Throw all those commitment issues down the drain and get your life plan in motion. You have been working hard for this, it’s time to make it a reality. Committing to a financing program is a big responsibility that must be taken seriously. We know you’re ready.
4. List your needs and requirements.
Buying a house can be a lot, so make sure to always have a list of what you need from your loan officer; also a list of the requirements they need from you, this way you won’t ever forget about those details that can cost you time and money. Be thorough with that checklist, we mean it, ANYTHING you need, ask.
5. Pre-approval is a YES!
Don’t skip pre-approval! It will get you closer to homeownership. By learning the loan amounts you will be able to afford, you will prove to your lenders the ability you have to obtain financing, it shows responsibility and creditworthiness. And the utmost benefit is that you will reduce your timeline so you will be able to close a deal, fast!
Once you have all these done, it means you’re ready to take the next step and:
6. Place an offer and seal the deal
After careful analysis of your loan program alongside your trusted Complete Mortgage team, and after spotting the property you want to buy, the time to make an offer steps into the scene. By starting a negotiation, you make yourself visible to the seller, they will learn your name and status, they will contact you, and if you followed the process, you will now become a homeowner, congratulations!
Sealing the deal is all about confidence and commitment, prove you can, and you will.
For more valuable information like this click here and chase your dreams.