So you have determined that you are ready to buy a home. You pay your bills on time, you have established a budget, you have a job that can be verified and has some security. That’s a lot to think about, isn’t it? Yes, but if you are not comfortable doing these things, you should probably wait to buy a home. It doesn’t mean that you can’t buy a home– just not now.
If you are searching for homes in Minnetonka, Eden Prairie, Chanhassen, Edina, or any place else for that matter, it will be in your best interest to be “pre-approved” for a mortgage. Why is this so important? Remember the ‘plan’ for buying a house in a previous post? Getting pre-approved will add to the orderliness of the home-buying process. This means that you will have already met with, or at least spoken to, a loan officer about your financial situation. A reputable loan officer will give you several options for financing, your credit score, and can offer guidance on how to improve your credit score if necessary. Remember, there are a variety of loans available depending on your individual situation. [click to continue…]
{ 0 comments }
