You are on your journey to buying a home. And like any road trip, there is a map to follow.
Many home buyers start off their journey with no clue on how to get from a to z. Like planning a trip you need to start your home buying journey with pre-planning. Knowing the steps to buy a home upfront will save you time money and aggravation.
The first part of your home buying journey is to get your financial house in order.
- Pull your credit and check for mistakes. Immediately rectify any mistakes on your credit report.
- Constantly work on improving your credit score. Every 20 points in improved credit can help you get a better interest rate and a more favorable loan program.
- Get-preapproved. Not only will getting pre-approved allow you to know how much house you can afford, but you can also budget for the future and know what each house will cost you.
- Work towards your mortgage application. Don’t wait until the last minute to get your application in to the bank. Have it ready to go.
Knowing the steps to buy a home and when they should happen will help you put the home buying process to work for you. Take the time to understand the process.