Here
are some things you will want to do:
Ask
lots of questions
Learn
what questions to ask and where to ask them. Your list of
questions when you are interviewing real estate agents will
be different than those you ask when shopping for a lender.
Prioritize
your criteria
Determine
what you want and need in a new house and prioritize your
list.
Study
a variety of mortgage choices
Investigate
the available loan options and decide which is best for you.
You may want to interview several lenders to learn about the
many mortgage products available.
Get
pre-approved before you house shop
Get
pre-approved for a loan before you start looking for a home
so you know how much you can afford to pay. Once you are actively
house hunting, lock in your interest rate - if it's a good
one. This will speed up the closing process.
Work
with your agent
Work
with your agent on a purchase offer when you decide on a home.
You should ask your agent for a market analysis to find out
what similar homes are currently selling for in your chosen
area. You and your agent should tailor the sales contract
to suit your needs. For example, you can make the sale contingent
on a favorable home inspection report.
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