Follow these simple steps to save the largest amount of money and get the best deal.
Buying or selling a house for the first time is like learning to play chess. There are terms to master, skills to learn, strategies to understand and opponents to overcome. These tips will help you capitalize on your strengths and minimize your weaknesses.
Buyers guide:
Sets a price range
This program takes into account not only your income and the initial payment. Clean up your credit. If your credit reports are accurate, it is likely that the process of acquiring your home will find difficulties along the way.
Get prior approval
This usually means that a mortgage lender will review your credit reports and determine how much you can afford. It is a better step than prior qualification, in which a lender simply gives you an idea of ​​how much your spending limit is. Lenders use different terminologies, so be sure to ask for clarification.
Sweeten the deal
In a competitive bidding situation, offers of cash or large down payment attract attention. But other considerations, such as flexibility in the closing date or shorter inspection periods, have their influence on sellers.
By:
Shailaja K