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Thinking of Buying a House?

If buying  a house is something you plan to do this year, now is the perfect time to set some resolutions that will help you reach your house hunting or goal.

Find a good realtor.  Working with a knowledgeable real estate agent should be first on your list. Realtors can help you set your goals in motion — making for a very smooth transaction.

Save money. Figure out what price house is affordable for you and what price your mortgage lender will approve. Then save based on your current disposable income and how soon you want to buy that house.

Check your credit score — and work to raise that score if necessary. Your score will affect whether you’re approved for a loan and determine your interest rate. Good mortgage rates are generally offered to those with scores 720 and above.

Gather your files. When you make an offer, you’re going to need a lot of information: tax returns, income statements, bank statements, credit card information, etc.

Get pre-approved. You will know just how much you can spend.  While pre-approval is no guarantee of future financing, it tells the seller that you’re most likely qualified.

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