TIPS FOR FIRST TIME HOME BUYERS

Tips for First Time Home Buyers

Home Buying Advice that Helps Put You In a House

*PRE-QUALIFICATION:
MEET WITH A MORTGAGE BROKER AND FIND OUT HOW MUCH YOU CAN AFFORD TO PAY FOR A HOME.

*PRE-APPROVAL:
KNOWING HOW MUCH YOU CAN AFFORD IS THE 1st STEP. SELLERS WILL BE MUCH MORE RECEPTIVE TO POTENTIAL BUYERS WHO HAVE BEEN PRE-APPROVED. YOU WILL ALSO AVOID BEING DISAPPOINTED WHEN GOING AFTER HOMES THAT ARE OUT OF YOUR PRICE RANGE. WITH PRE-APPROVAL, THE BUYER ACTUALLY APPLIES FOR A MORTGAGE AND RECEIVES A COMMITMENT IN WRITING FROM A LENDER. THIS WAY, ASSUMING THE HOME YOU ARE INTERESTED IN IS AT OR UNDER THE AMOUNT YOU ARE PRE-QUALIFIED FOR. THE SELLER KNOWS IMMEDIATELY THAT YOU ARE A SERIOUS BUYER DOE THAT PROPERTY. COSTS FOR PRE-APPROVAL ARE GENERALLY NOMINAL AND KENDERS WILL USUALLY PERMIT YOU TO PAY THEM WHEN YOU CLOSE YOUR LOAN.

 
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