It’s likely that buying your first home will be the biggest purchase of your life so far. Going from renting or living with family to being a homeowner is a big transition, and the process can be a little intimidating. You will no longer have a landlord to call on when something breaks, but homeownership is one of the largest vehicles for generating wealth. Let’s take a look at the 8 steps to take before buying your first home.
One of the first steps to buying a new home is getting a pre-approval from your lender. This is important because it gives you an idea of your price range, and it also shows the home sellers that you are serious. It’s easy to assume that once you are pre-approved all you have to do is find a home, and sign some papers. However, you could still be denied a mortgage even after being pre-approved. Check out the top 6 reasons for being denied a mortgage after being pre-approved.
Offer Letters Want to write an offer letter to your seller but don’t know what to say? These templates can help. Most sellers want top dollar and a quick sale on their home. But here’s a secret: They also often have a strong emotional attachment to their soon-to-be […]