So you are ready to make the financial step forward to buy your first home. Congratulations! Buying your home is exciting, and by taking smart steps at the beginning of the process, you will set yourself up for success!
1) Use our free online mortgage calculator to idea of what you can afford and the payments.
2) Meet with a Local Mortgage Banker (we have worked closely with and recommend Alicia Alpenfels from Premier Mortgage) and get prequalified for mortgage financing. A thorough prequalification includes a credit report AND review of tax returns, paystubs and bank statements, so be ready to get this information together.
3) Line up a Home Inspector. A good home inspector will scare the heck out of you – but that’s what you pay him for! He can help you determine if your dream home is in good working order, or will be coming a money pit of repairs.
4) Work with an experienced Realtor who specializes in the area you want to buy. Take note, a true professional will not show you homes until you are prequalified for mortgage financing. Don’t be offended! We don’t want you to be disappointed because when the perfect home slips away because you were not ready to make an offer. A Realtor is also paid by the seller at closing, so there is no reason not to take advantage of their knowledge and services.