Is Buying a House Right Now a Good Idea?
Updated: Aug 26, 2020
I just finished reading an interesting blog I could have related to a few years ago, The article is written from the perspective of a First-Time Home Buyer.
Taking the home ownership plunge
With interest rates so low and surrounded by the supportive team at Vanmar Lending, I am thinking about taking the home ownership plunge....again!
Like Caitlin Higgins, the writer of the article, I am asking myself the same questions – Can I even afford a house? Is now a good time to buy?
Below is a summary of the steps she wrote about. You can read the full article here.
STEP 1: CHECK YOUR CREDIT SCORE STEP 2: LEARN YOUR LOANS STEP 3: LOOK AT YOUR BUDGET STEP 4: START YOUR RESEARCH STEP 5: FIND A LOAN OFFICER STEP 6: FIND A REAL ESTATE AGENT STEP 7: LET THE SERIOUS SHOPPING BEGIN
These are all great steps and very informative. I probably took most of the same steps when I was a first-time home buyer. Now that I am more educated on the process, I would call a mortgage broker first, (like Vanmar Lending) and get pre-qualified. Even if you have credit issues, the team at Vanmar Lending can point you in the right direction.
Getting pre-qualified will give you an idea where you stand in the home buying process. You will also have an idea how much of a home you could afford and what your estimated payment could be. The good thing about getting pre-qualified is – it only takes a few minutes. Getting pre-qualified can be completed online or with a simple phone call.
Once you are ready to move forward in the home-buying process, you can jump directly to STEP 6: FIND A REAL ESTATE AGENT.
Interested in getting Pre-Qualified Today? – CLICK HERE