The Highway to Homeownership: Start Your Journey Prepared
Welcome to Table Talks! I’m Carla, your trusted realtor with Coldwell Banker Realty, and today I want to dive into a question I get asked all the time: How do I start my home buying journey? Whether it’s your first home or your tenth, the process can feel overwhelming. Let's break it down together, step by step, so you can embark on this exciting journey with confidence.
The initial step in your home buying journey is to get a clear understanding of your financial situation:
*Assess Your Budget: Understand how much you can afford.
*Check Your Credit Score: Know where you stand.
*Examine Your Debt-to-Income Ratio: Are you familiar with it?
*Explore Loan Options: Educate yourself on the different kinds of loans available.
Purchasing a home is a project and by organizing your financial details, you can make the process smooth and enjoyable.
Your “first stop on the highway to home ownership” should be with a mortgage broker. Brokers are preferable because they have access to a wide array of lending programs compared to traditional lenders. Here's why:
*Access to Various Lending Programs: They can find unique programs that fit your needs.
*Comprehensive Service: They can work as both brokers and traditional lenders. As an untraditional earner, you will need a different program than a W-2 employee. Be sure your lender can accommodate you.
It’s beneficial to speak with several lending professionals to find the best fit for you. Here are some tips:
*Check Credentials: Research the National Association of Mortgage Brokers and the Better Business Bureau.
*Get Referrals: I have several qualified individuals who can assist.
*Prepare for Discussions: Use my exclusive lender interview cheat sheet to ensure you ask the right questions.
Be comfortable with your mortgage person. You will be showing them your full financial portfolio.
If there are any issues revealed in the initial review, you should also receive a roadmap to prepare for qualification:
*Take Your Time: It might take awhile to get everything in order.
*Effort is Key: It's worth the effort to prepare thoroughly.
If you have any questions, remember, if you're thinking about it, others are as well. Don’t hesitate to contact me on social media at @SellingDwellingsCO, on LinkedIn, or visit CarlaKnightHomes.com. I’m here to help you every step of the way.
Experience the joy of finding your perfect home. Contact me today to start your journey to homeownership! Give me a call at 720-626-9747.
September 16, 2024
September 9, 2024
August 26, 2024
August 20, 2024
August 12, 2024
August 7, 2024
July 1, 2024
June 19, 2024
May 27, 2024
Teaming together for measurable results. Catering your housing needs. Enhancing your lifestyle.