Kellar Lawrence Real Estate

FINANCIAL FUNDAMENTALS FOR HOMEBUYERS

Thinking of buying a home? Here are some mission critical steps to take before you begin your search.

1. Save for Your Down Payment

Contrary to common belief, your downpayment could be substantially less than 20%. Start saving now – you might be closer than you think.

2. Build your Credit

Your credit score is one element that helps determine which home loan you’ll qualify for in the application process. It also impacts your mortgage interest rate, so a higher score could lead to a lower monthly payment.

3. Connect with a trusted agent.

Real Estate professionals help you make strong decisions throughout the homebuying process. They know the market and can guide you toward a sound investment

4. Get Pre-Approved

A pre-approval letter lets you know how much money you can borrow and helps you determine how much home you can afford. It also shows sellers you’re a serious buyer.

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