Ready to Buy a Home? Start With These Key Steps

Buying a home is a very exciting time for anyone.  You might be confused as to how to get started and what the first step is. Follow these first steps to obtain pre-approval for a loan and you’ll be on the right track.

Step 1: Identify Your Needs and Wants

Begin your search by considering the kind of home you need and want.  Write down your specific requirements, such as the number of bedrooms, size of yard, floor plan, location, schools, etc.

Step 2: Determine How Much You Can Realistically Afford

Consider your budget and financial obligations.  Decide what monthly house payment you can really afford.  Most mortgage consultants advise limiting your payment to no more than one-third of your net monthly income.  If you’re unsure, contact me to assist with the calculations.

Step 3: Get Pre-Approved By a Mortgage Consultant

When you know in advance the amount of loan you can obtain, you can focus on searching for houses in your targeted price range.  This can save you time when you find that perfect home, because the sellers favor buyers who are pre-approved.

As an experienced loan consultant, I can let you know what specific loan programs are best for you.  By taking a look at your financial situation and credit history, I will tell you if you can qualify for the home you want and will find you a loan that best suits your needs.

For the approval process, we will complete the required documentation and submit it to an underwriter.  A pre-approval is an actual loan commitment from a mortgage consultant or lending institution.  This means that you definitely qualify for a loan.  As an added bonus, Inlanta Mortgage offers free pre-approvals!

Contact me for more information!

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