Calling All Homeowners!!! ... **Tips for Potential Homeowners**
Original post by Bee12
Hey Ladies
I know that are a few of you out there who own homes already... for couples like me and my Fh who are looking to own soon, what are some tips that you can share with us? how much you do recommend saving? any do's and donts?
thank you in advance from me and other brides who may benefit from this thread!!
Tink1118
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Re: Calling All Homeowners!!! ... **Tips for Potential Homeowners**
Posted by aquag12283
Definitely have at least 20% as down payment. It definitely lowers your payment and the amount of the loan. Make sure your credit is in good shape. You are looking for high 600's into 700's. Definitely when you start looking get pre-approved or pre-qualified. Definitely do your research. Also if you have any large deposits on your bank statements make sure you are able to defend where it came from. I used to work for a mortgage company so I know a lot about mortgages and rates and things, but your credit is probably the most important aspect of buying a home
This exactly! And just like when planning a wedding, research your 'vendors' per se. Make sure you absolutely trust and love your lawyer, and your mortgage broker, and your bank, and your real estate agent. You are putting your future in their hands, so surround yourself with people you trust with this responsiblity!
We loved our mortgage broker, FM me and i'll share his info :)
Good Luck!!! It's a stressful, but fun, process!
Bee12
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Re: Calling All Homeowners!!! ... **Tips for Potential Homeowners**
thank Tink1118!!! you got FM
VCanizalez
Posted:
Member since
Re: Calling All Homeowners!!! ... **Tips for Potential Homeowners**
Posted by Tink1118
Posted by aquag12283
Definitely have at least 20% as down payment. It definitely lowers your payment and the amount of the loan. Make sure your credit is in good shape. You are looking for high 600's into 700's. Definitely when you start looking get pre-approved or pre-qualified. Definitely do your research. Also if you have any large deposits on your bank statements make sure you are able to defend where it came from. I used to work for a mortgage company so I know a lot about mortgages and rates and things, but your credit is probably the most important aspect of buying a home
This exactly! And just like when planning a wedding, research your 'vendors' per se. Make sure you absolutely trust and love your lawyer, and your mortgage broker, and your bank, and your real estate agent. You are putting your future in their hands, so surround yourself with people you trust with this responsiblity!
We loved our mortgage broker, FM me and i'll share his info :)
Good Luck!!! It's a stressful, but fun, process!
That is exactly what I am scared of... Thinking someone is 'good' but then finding out they just trying to sell me something for their profit....
