Before you start house hunting, here are the two steps you need to take to start your home search off right.
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When it comes to the first steps in the home buying process, there are two things you need to do before you get in the car and start house hunting:
1. Hire a mortgage professional.
2. Hire a Realtor.
Why hire a mortgage professional first? You need to know how much it’s going to cost you to buy the house you’re interested in, and you need to know how much money you’re going to need to close on that house.
A lot of people don’t understand the different lending programs that are available for purchasing homes. One of the biggest misconceptions floating around out there is that you have to have 20% down. That simply isn’t true. There are plenty of 100% financing options and 0% down programs available for you. Also, there are FHA programs that only require 3% down.
If you don’t know any mortgage professionals you can trust, we have plenty of recommendations of people who have proven track records of success in this industry.
After hiring a mortgage professional, the next step is hiring a Realtor. We can offer professional guidance that will shorten your search and find you the home you need quickly. In order to provide that professional guidance, we need to understand your family, what your needs are, what your goals are, and what your motivation is. Don’t just call a random agent’s number and meet them for the first time at a listing—hire a Realtor and let them give you an initial consultation to guide you through the process.
After those two things are done, you can finally start house hunting!
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The mortgage professional and the Realtor are the GPS of your home search.
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Think of this process as setting your GPS. When you’re on your way to a destination, you set the address and it tells you the steps you need to take to get there. The mortgage professional and the Realtor are the GPS to get you to the address of the home you want.
If you have any questions or are thinking about buying a home, please don’t hesitate to reach out to us. We’d be happy to help!
