Your goal is as a home buyer is to have a “win-win”, or purchase the home of your dreams, which checks all of the boxes for what you imagined your dream home to be.
In this post we will share with you four things you can start doing now to insure that you are able to purchase the perfect home in Southern California.
Before applying for a mortgage loan you should review your credit reports and credit score to learn if there is any false or inaccurate information being reported about you by the three major credit bureaus which include: Equifax, TransUnion and Experian.
The reason why this step is important is because, if you have a low credit score, you could ultimately face having to pay more for a home than you would if you had a higher credit score.
Step 2 – Know How Much Of a Home You Can Really Afford
Sit down and write out the monthly bills which you have right now then add on what your mortgage would be plus the other responsibilities which come with owning a home like homeowners insurance because this will show you the maximum amount you can really afford to pay for a mortgage.
Step 3 – Get Pre-Approved For a Mortgage Loan
After confirming your credit reports, and fixing any issues with your credit score, you should next get pre-approved for a mortgage loan.
Step 4 – Define The Home You Want To Purchase
Before hiring a Realtor® it’s important for you to sit down and figure out the exact home you want to purchase even down to the little details like built-ins, crown molding or granite counter tops, because, this will make it easier for your agent to narrow down their home search and help you find the perfect home for you.
To learn more about how you can have a win-win when buying a home, or to view the latest homes for sale, contact Fred Sed Realty today by calling us at (800)921-9231.