Illuminate your life, Pumpkin. You deserve it.

Steps to Take If You Want to Buy a Home

Illuminate your life, Pumpkin. You deserve it.
Save More Than a Down Payment
You will now be responsible for everything, so it is wise to plan for those new expenses. Plumbing repairs, broken appliances, failing HVAC, or a roof leak could pop up at any time. Plus, you might wind up falling head over heels for a home with outdated countertops, worn-out carpet, or peeling paint. Having extra cash saved up for those home upgrades will save you frustration later.
Illuminate your life, Pumpkin. You deserve it.
Improve Your Debt-to-Income Ratio
When you try to get a mortgage, your debt-to-income (aka DTI) ratio is something they will look at. It is a way to measure your ability to manage monthly payments, and your ability to pay them back for that loan. It’s important to remember that keeping this percentage as low as possible is best. Many lenders are looking for something around 36 percent or lower.
Illuminate your life, Pumpkin. You deserve it.
Shop Around for Mortgages
Before you start looking at homes, before you hire a real estate agent, and even before you get your finances in order, talk to a lender! And then talk to some more lenders! First of all, you need to shop around to get the very best offer possible. Not all lenders are the same, and likewise, not all of them are going to offer the same rates and terms, either. A slight difference could wind up costing you a ton over the years.
Illuminate your life, Pumpkin. You deserve it.
Choose the Right Real Estate Agent
A home purchase is a big deal, so you need to find a real estate agent who really knows your future neighborhood. Meet with different agents who specialize in your market. You will want to meet with several different agents before you sign any contracts. You want to find someone who is not only an expert in the area, but someone you like, trust, and feel good about working with.
Illuminate your life, Pumpkin. You deserve it.
For more home buying tips, check out the link below!