Steps To Take To Prepare To Buy A Home Within A Year
If you are planning to purchase within the year then your priority right now should be to clean up your credit and SAVE SAVE SAVE! Also, it may be worthwhile to sit with a mortgage professional now and try to get preapproved. This way you’ll know in advance what your purchasing power is. And if you can’t get preapproved, at least you’ll know why and you can begin to start cleaning your profile up.
The key to getting a good mortgage rate is credit worthiness. Make sure you have filed your taxes. Mortgage companies will need your last 2 and sometimes 3 years of tax returns so pull that together.
Quick Tips For A Successful House Hunt
Carefully craft 2 lists to guide your home buying journey – the must haves and a wish list. If you are shopping with your partner, discuss your must-haves and deal breakers together so you’ll be on the same page during your house hunt.
Remember you are not only buying a house, but the neighborhood too. Spend time in the area to determine if it offers the lifestyle conveniences you’ll need. Visit at different times of day.
Don’t see too many houses in one day. You may begin to feel overwhelmed and confused after touring several homes. Too many homes in a short period of time will run together in your mind and you won’t recall which kitchen belonged to which house.