buyer tips
· Print out a budget work sheet and determine how much money you can save on a monthly basis.
· Please include pleasure in your budget
· Come up with what a comfortable mortgage payment would be for your family.
· Take a look at your credit on a website such as: creditkarma.com or annualcreditreport.com
· Discuss this with your Realtor and inquire on if you should be transferred to a Loan Officer
· Do not change your financial picture unless authorized by a professional in the transaction
· Educate yourself on the different loan programs such as: FHA, VA, USDA, and Conventional
· Research different down payment assistance program. Speak to your Realtor regarding this and
Loan Officer.
· Web searches are also recommended.
· Know the estimated fees associated with a purchase transaction such as: earnest money deposit,
due diligence, up front appraisal costs, closing costs, home inspection.
·Your Loan Officer can really break this ·down for you.
· Obtain a Pre-Approval or Conditional Approval