The home buying process is one of the most exciting journeys that you may ever embark on in your life. You will either be making the decision to upgrade to a bigger home in Orange County, or you could be in the process of buying a home for the first time. Either way it’s an exciting road to travel with the ultimate destination being your very own home.
Take a Look at Your Credit
The first step to the home buying process is to take a look at your credit because, before you can start shopping for a home in Orange County, or wherever you may be currently living, you must make sure that your credit report doesn’t have any inaccurate information or negative items that should have been paid off long ago.
Knowing what’s in your credit report is important because it will be the deciding factor between how much money you can borrow for your mortgage and what your home will cost you over the course of 15 to 30 years.
Use a Mortgage Calculator
After you’ve checked your credit report, the next step is to use a mortgage calculator to find out how much of a mortgage payment you can really afford.
A mortgage calculator will save you the heartache of buying a home that you may not be able to comfortably afford and ultimately ending up delinquent with your mortgage because you cannot make your monthly mortgage payments.
Get Pre-qualified For a Mortgage
You should get pre-qualified for a mortgage in Orange County because, pre-qualification will help sellers to know that you mean business and are able to pay their asking price for their home or more should a bidding war or multiple offers occur.
Hire an Orange County Realtor
Once you know that you’ve been pre-qualified for a mortgage, it’s important to hire a qualified Orange County Realtor immediately, because your Realtor will be help to help you find all of the homes that fit in your price range, desired neighborhood and most important of all, a home that has all of the amenities that you’re searching for.
To learn more about the home buying process, or to view Orange County homes for sale contact Fred Sed & Associates today by calling us at (949) 272-0125.