by Steve Bradley
You want to buy a home and you want to know how to start?
The first place you start if you are a buyer looking for a home is with your finances. If you’ve got the cash, well then, go ahead and start shopping. If you need to get a mortgage, you need to talk to your mortgage lender first, and early! If you think you are going to start looking for a home in March, start talking to the lender in January or February. Because they may find issues with your credit that you’re going to need to correct in order to get the best interest rate and reduce the amount of money that you are going to put down on the loan. So please, start early and don’t be embarrassed to talk to other lenders.
If you are talking to one lender and you want to compare rates, or quotes, or service: anything, feel free to give a call. Just make your decision before you write your offer on which loan officer and Mortgage Company you are going to use. Make sure you have that pre-approval letter “in hand” and understand how your finances need to be in place, and then you can start looking for a property. The most disappointing time I ever have when I am working with a buyer, is a buyer that wants to look at $600,000 homes and finds out later they can only afford $400,000. If deflates them completely and almost stops many of them in their tracks from even moving forward. So, start early.
If you have questions about looking for a loan or buying and selling real estate in Northern Virginia, give us a call.. We’ve got the answers.
If you want more information and you’d like access to our 31 page home buyer report, click this link today.
|Real Estate Expert, Steve Bradley has been advising home owners, home buyers, professional Realtors and real estate attorneys on the real estate market in Northern Virginia since 2002. His passion to share his knowledge and experience separates him from so many others. If you are looking for someone that is easy to work with and truly focused on helping you through the selling or buying process Steve is an exceptional option.
DISCLAIMER: Steve Bradley is not an attorney and not offering legal advice. He does not hold a real estate brokerage license in any every state. Laws, requirements and local policies differ and selling and buying real estate can have significant legal implications. Always seek the advice of a licensed attorney and/or real estate broker if you have concerns about your sale or purchase of a home.