Before you run out and start looking for a home all excited to buy your dream home, step one is to get pre-approved with a local lender. By getting pre-approved, you will know;
- Exactly what price range you should be shopping in! I’ve seen many buyers fall in love with a home, just to find it is just outside their price range. Once you fall in love with a home, then find yourself having to find a home in the next lower price range, it can be harder to fall in love with a home.
- What your monthly payment will be! Many times we help renters stop renting and buy their own home with a payment LESS than what they pay in rent! Imagine that… you can stop paying your landlord and start building wealth by investing in your own home.
- How much will you need for a downpayment! It’s a common myth that you will need 20% as a downpayment to buy your own home. Depending on the loan you qualify for, a common first-time home buyer loan only requires 3.5%, and there are a few loans that can even get you in a home for NO MONEY DOWN! Do you qualify for one of these loans?
We meet buyers everyday who don’t think they can qualify for a loan to buy a home, and surprisingly with a 10 minute phone call, they have a pre-approval letter in their hands and within 30 days, they are in their a new home!