Check Your Credit
If you haven’t checked your credit report in the last year,
you definitely want to take a look now. Consumers can receive three free credit
reports a year, one from each of the main credit-reporting bureaus, on
AnnualCreditReport.com. Make sure everything on the reports belong to you and
the accounts are accurate. The earlier you look, the more time you give
yourself to fix the problem before you start the next step…Applying for a
mortgage.
Get Prequalified
Almost time to go shopping for your new home. But, we can’t
go shopping before knowing what’s in our wallet. This is why this step is
important. Time for you to get setup with a lender. During this step your will get
an idea of how much you have to spent and how much your monthly mortgage note
will be.
Create Your Wish List
Now that you know what you can afford, it’s time to create
that wish list. This step will make the home buying process much easier. If you
know what you want and your deal breakers in the beginning it will save time by
not looking at homes that do not have what you want.
Let The Search Begin (Pick A Winner)
This is the fun part. But, while house hunting, it’s important to keep a few things in mind. Remember, you are not the only one out looking for a new home. So, if your Realtor sends you a property that meets all your needs don’t not waste time. Go view it ASAP. Most first time buyers miss out on the home of your choice because they lack urgency. And, secondly, once you have found “the one” remember to have your inspections done to make sure what you are seeing is really what you are getting. If you follow these steps your will definitely be in your new home in no time.
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