Get a Pre-approval
Before you begin searching for a new home, you need to determine how much you can afford. You may be able to afford more or even less than you think due to what the lender is willing to loan you based on your income and the amount of down payment you have.
It is crucial to take the first step in the buying process and this is finding a trusty mortgage broker that can walk you through the steps of the buying process. At Effective Mortgage Company we will help you decipher between what you can afford and what you are willing to pay. After you've secured a lender to work with and have your pre-approval in hand it's time to look for an agent to help you find your dream home. We can help! If you don't have an agent in mind already we might be able to help you find one.
Find an AGENT
Buying your house is likely one of the biggest investments you’ll make. The research should be an exciting and enjoyable journey. But it could also be stressful and hard if you are not informed or guided accurately through the process. Once Effective Mortgage Company has issued a pre-approval it is important you retain an experienced and knowledgeable professional realtor to start you in your house searching phase. You can learn a lot online, but you won’t hear the freeway noise, you won’t see how close the neighbors really are, you won’t know how steep the drive way is and what about all these “hidden” issues and the five inch thick contract to stay out of trouble after the transaction is closed? Your realtor will save you a lot of time and money. And when buying a house, the service by a professional realtor is free since the seller covers the commission for both the buyer’s and seller’s realtor.
Mortgage process – If you're already working with an agent and have yet to reach out to a mortgage broker you are wasting your time and your agents time. It is essential in today’s housing market to be pre-approved before submitting an offer on a house or even beginning your home search. Many agents wont begin working with you unless you have a pre-approval and many sellers will not accept your offer without a pre-approval.
Why rent when you can buy
What is a pre-approval?
What documentation is needed
After you sign the contract
The loan process