The New Year has begun and it’s the perfect time to make a buying plan to set yourself up for success in all of your buying endeavors. Make and keep the following New Year’s resolutions from AOL Real Estate so that you can be sure to purchase a new home in the year to come.
I will save up for a substantial down payment. Saving for a down payment is a crucial part of the buying process. Although the days of no-money-down mortgages are surely behind us, you don’t necessarily need a full 20% either. The more you can save now, the more you will save in the future.
I will whip my credit into shape before applying for a loan. No matter what type of loan or where you apply for it, your credit rating will be checked. The most ideal credit score ranges from 700-750. To ensure you get the best terms on your mortgage, prepare yourself financially before officially applying. Pay off credit card debt or any outstanding bills you may have in your name. The more confidence a bank has in you and your credit score, the better deal you are likely to receive.
I will consult the professionals. Whether buying your first home or moving to a new one, it’s always a smart idea to consult with real estate professionals if you have any questions regarding any step of the process. A reliable real estate broker is an invaluable source for all of your needs and can recommend trusted financial advisors, home inspectors, etc. When in doubt, seek advice and counsel.
There are plenty of other goals you can set for yourself in the New Year to help get another step further in the home buying process. By making these resolutions and promising to keep them, you can fully prepare to traverse the buying process and purchase a new property.
Courtland Building Company would love to help you plan your green home, call us today: (281) 932-4494