Electric Loan Officer

Steps To Take Before Buying a New Home

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When you make that decision that you are going to buy a new home, it’s normal to want to go out and house shop. That is typically the most fun part of the home buying process after all. Before you go out and do that it’s important that you take the step of getting pre-approved for a loan. Below are 4 tips that will set you up for success and save you time.

1. No Credit Card Surprises

If you are like most people you probably haven’t checked your credit report in the last year or two. When going through the pre-approval process you will discover any credit report mistakes and find issues that could cause problems in the final stages of the loan process. It really makes for a stress free process by getting these details cleared before moving forward.

2. Understand Your Budget

We all want that three-story colonial with Viking appliances, granite counters and a swimming pool with a big back yard. Does that really fit your budget though? This is another area where pre-approval comes into play. You will have a estimate on your price range before you go shopping around.

3. Find The Best Lender in Your Area

You want to make sure you are working with the right lender at terms that work for you. A mortgage is a long-term commitment, so don’t rush through this step. Once you are pre-approved for a loan this is a great next step to take on your home buying journey.

4. Showing You Are Serious About Buying

A lot of people go to open houses, imagining how they would remodel the home to suit their tastes but don’t get pre-approved. If you actually go through the pre-approval process for a new home it shows the realtor that you have all your paperwork in order and are actually able to make the purchase. If you want a good agent to work for you they will want to make sure that you are serious about buying before investing their time and energy into finding your dream home.

Ready to Get Pre-Approved For a Home Loan?

If you are looking to buy a home in the Phoenix area then you will want to go through an experienced home loan officer to help you get pre-approved. All you need to do is visit the Justin Haines Team Website and take 10 seconds to fill out their form. Doing this will give you the chance to qualify for no money down loans and other programs potentially available to you.

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Justin Haines