Step One: Before you Look--Qualify
You have been online, found the neighborhood you like in the school district you have to have. You have a list of homes you want to see. Let's go house hunting, Gwen.....
Not so fast, we need to make sure you qualify for this home before you see it. We need to be sure you have a high enough credit score and wages to support this house. When you buy this is for a 30 year commitment, not a 12 month lease. You need to be sure this is what you want.
When you work with me, I want you to qualify and to borrow from someone local. Someone we can sit down with if a problem comes up. We need someone close by that will answer the phone. Someone who wants this to happen as much as you do. I have 3 suggestions of lenders for you to interview before you start looking at homes:
Once you talk to them, they will interview you to see what the best program for you to borrow from, they will also get you a prequalified letter to add to any offers you make. This lets the seller know you are qualified to buy his home and that you are serious about getting through the process and buying what the seller is offering. In this time of low inventory and multiple offers a prequalifed letter is a must. Please bring it with you when you come to start looking at homes.