Hal's Mortgage Blog

Follow these steps for a worry free purchase

1. Check your credit score: Don’t wait until the last minute for a “surprise”.
2. Set your housing budget: You don’t want to go over approximately 30% of your income. Don’t forget to include taxes, insurance and Home Owner (HOA) fees to the Principal and Interest on the loan.
3. Start saving and stop spending: Now is not the time to acquire new debt. A reserve fund for expenses is always a good idea.
4. Meet with a lender: Learn what your options are and let your lender advise you on how to accomplish your goals.
5. Work with a good Realtor: Someone you can trust will be a valuable addition to your buying “team”.
6. Narrow your priorities: Focus on the most important features.
7. Choose a neighborhood: Another reason to work with a good Realtor.
8. Be reasonable with your offer: See #5 and #7 – they can be a great help.
9. Get a home inspection: A few dollars now can save a bundle of dollars later.
10. Stay in close contact with your Team: This includes your Realtor and your Lender if you want things to go smoothly.

Any questions? Call or email me.