Buyer's Roadmap
Homeownership
Make sure you are emotionally ready. Buying a home will most likely be the biggest financial decision of you life.
Get your finances in order
Using a home affordability calculator can be very helpful. Remember just because you are approved to borrow a predetermined amount doesn’t mean you can really “afford” that amount. Be careful in this step, and make sure you are comfortable with your decision.
Make a plan for your down payment
The more you put down, the less your monthly payment will be, and the less interest you will pay in the end. Think this through and plan accordingly. Also, don’t forget closing costs. These typically run between 2% – 5% of the total cost of the loan.
Get pre-approval for your loan
- Conventional
- FHA
- VA
- Jumbo loans
- Renovation Loans
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Wish list
What are your must haves, and what are your wishes? Number them in importance from most to least. What are your top 5? Consider the location, size, style, condo or single family, schools, etc.
Find a trustworthy Real Estate agent
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Here's the fun part, finally. Go Shopping!
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Make an offer
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Get the mortgage
This involves a lot of work for you. Get your paperwork together. Some refer to this as the “green file”.
Inspections, Appraisals and Negotiations
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The closing. Receive the keys to your new home.
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Refer your Realtor
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