Purchasing a property involves multiple decisions. Finding the perfect home isn’t easy, and getting a mortgage loan can be a complex process. That’s why working with the right professionals can make that journey enjoyable, simple and fun.
Read HofVan’s real estate guide below and learn the simple way to buy a home — the process can be easier and less expensive than if you undertake this task on your own.
Your first step is to get pre-approved with a mortgage broker, which involves getting an idea of what you can afford. When you’re pre-approved, it means a lender has reviewed your credit history, verified your assets and employment, and has pre-approved your loan before you find a home to purchase. Pre-approval gives you substantial leverage: sellers immediately see you as a serious buyer. Not only will you know the exact price range you can afford, but you’ll also be able to negotiate a better deal, and move more quickly when you see a home you like.
Determine the area in which you’d like to live and the style of home you prefer. Everyone has a picture of their ideal home, but it’s important to define your “needs” versus “wants” in order to work within your budget.