Buying a Home This Year? Consider These 5 Things
If you’re thinking about buying a home this year, there are five things you need to consider.
First, watch those interest rates! We have seen interest rates rise in the past few months and it looks like that trend will continue. So, if you’re thinking about buying a home in 2017, lock in a great rate now. We have mortgage professionals we can put you in touch with that will help you do just that.
Second, start saving. It’s a great idea to save for a larger down payment to keep those monthly payments low and to pay less interest overall.
Third, watch your credit. I’ve been in many situations where the buyer is about to close on a house and something changes with their credit. You may not even know it will affect you, but if you buy a new car or if you sell a business or income producing property during the process of buying a new home, it can change your qualification for getting that loan.
Fourth, don’t be afraid to talk to multiple lenders. Lenders will offer different rates and services, so feel free to shop around and find the best options for you.
Finally, work with the right real estate agent. I believe a great real estate agent will find out exactly what you want in a home and present you with options that you might not be able to find on your own.
If you’re looking to buy a home and want to see what we can find for you or you have any other questions, don’t hesitate to give us a call or send us an email. We would be more than happy to help!