The process of buying a home can be a intimidating process. However, it can be narrowed down into bite-size steps:
- Contact a housing counselor for guidance and counseling.
- Check your credit at http://www.AnnualCreditReport.com.
- Shop around for the best Annual Percentage Rate (APR).
- Verify the lender’s required downpayment amount. If you do not have enough, check with local agencies for assistance.
- Ask the lender for a Pre-Approval.
- Search for a knowledgeable Realtor.
- Conduct a virtual tour of the properties prior to the actual visit.
- Offer no more than you can reasonably afford. Remember, base the amount on your net income, NOT your gross income.
- Get a home inspection & a termite inspection.
- Hire a real estate attorney.
- Close on the home! You can now reap the benefits of homeownership!!
