What You Need To Do Before You Buy Your Home
Buying a home is one of the biggest undertakings on which you will ever embark, so it is important for you to understand exactly what is on the road ahead. So you can make your mortgage process as smooth as possible, here is a brief checklist of items you must do before you buy.
- Check Your Credit: You can get a free credit report from Equifax, Experian, and TransUnion once a year, so get your report and go over it with a fine-toothed comb. Ensure that there are not any erroneous items, and dispute them if you catch any errors. This will help improve your credit score.
- Find Out What You Can Afford: Use a mortgage calculator and local closing cost estimates to understand how much house you will be able to afford. Start setting aside the difference between what you will be paying for your mortgage and what you are paying now to ensure those payments will be realistic.
- Build Your Savings: When you own a home, you are responsible for all maintenance and repairs. Be prepared for an unforeseen circumstance by beginning to create a healthy savings account today.
- Get Preapproved: Do not wait until you have found your dream home to get preapproved for your mortgage. Do this in advance so you can be realistic about the mortgage you will be able to secure and the homes that mortgage will enable you to afford.
Do you have a mortgage expert helping ensure your home buying process goes smoothly? For the Northern California home loan you need, contact Andraya Coulter. Call me today to get the professional guidance you need to ensure you know which to-dos are on your list during which part of the mortgage process.