Spring is the time of year when the housing market typically heats up. Buyers who are financially prepared are attractive to sellers, especially those who have consulted a lender and received a pre-approval letter.

As a buyer, you need to get your financial ducks in a row by taking the necessary steps to be fully prepared to jump into the market so that you can hit the ground running when it comes time to make an offer on your dream home. Home buying transactions have a lot of moving parts, and working with trained professionals will ensure that you have someone assisting you every step of the way.

Check Your Credit Score

Check not only your credit score, but your credit report to ensure that it is accurate and that you don’t have any red flags that would keep you from getting approved by a lender. Problems, such as late payments and judgments or wrong information, can keep you from getting loan approval.

Secure Access to Down Payment

Make sure you have the necessary down payment and closing costs on hand, depending on the type of loan you qualify for or want to apply for, so that you are able to complete the transaction once you are under contract.

Find a Great Mortgage Lender

Consult a reputable lender who can help you determine the best loan products and scenarios for your individual situation. First time buyers, especially, can get loan products designed to assist with down payment and/or closing costs.

Your Realtor is Your Personal Advocate

Work closely with your Realtor who is specifically trained to help you find a lender, a home, and a settlement agent who can make the transaction proceed as smoothly as possible. Your Realtor is your advocate!

Buying a new home is an exciting adventure, but it can be stressful. Ensuring your financial picture is in order will go a long way towards making the process more relaxing and enjoyable. Contact us for assistance with the entire home buying process. We are ready to be of service to you!