Getting ready to purchase real estate means getting your finances in order. That is the first step, not touring property. If your finances aren’t in order how do you know what price range to be looking in? You don’t want to fall in love with a piece of real estate, decide to make an offer on it, then go to a lender only to find you can’t qualify to purchase it.
Getting Ready to Buy Real Estate
The first step in buying a home or any other property type is to get your finances in order. You will be prepared to buy property and have the information available for potential lenders while using the best negotiating strategy of getting pre-approved. Credit scores range between 200 and 800, with scores above 620 considered desirable for obtaining a mortgage, but that changes as well as the interest rates. There are ways of improving your credit score before you make your purchase but the key is to start well before you tour your first property. When you are applying for a mortgage your lender will require several items from you. Be prepared and have the items from the list below ready for submission. Having these items readily available will speed up the amount of time to process your loan and lessen the amount of contact needed. Whether you are a first-time home buyer, a move-up buyer, a luxury home buyer or an empty-nester downsizing, you’ll want to learn the home ownership costs and include in your budget.
» Get Your Finances in Order
The first step to getting ready to buy a home is to get your finances in order by following a To-Do List. You will be prepared to buy a home on Lake Norman.
» Know Your Credit Score
Learn what factors that affect your credit score and what credit score ranges are considered desirable for obtaining a mortgage when buying a home on Lake Norman.
» Improve Your Credit Score
» Lender Checklist
View the Lender Checklist and have these items ready when you apply for a mortgage to buy a home on Lake Norman. Your lender will require these items.
» Home Ownership Costs
Review additional home ownership costs. If you’re a first-time home buyer, a move-up buyer, a luxury home buyer or an empty-nester downsizing don’t forget these
» Home Buyer Videos
Visit my YouTube Channel’s “Home Buying Tips” playlists. There are many helpful home buying videos to watch.
Living around Lake Norman
When deciding which area of Lake Norman you would like to buy property and live you’ll want to compare what Cornelius, Davidson, Denver, Huntersville and Mooresville each have to offer; which town matches your lifestyle. Don’t forget to view Lake Norman links for more information about the entire Charlotte region. Real estate news offers charts of the latest home sales trends. This is just as important for home buyers as home sellers to know.
If you are planning on buying or selling a home in the Lake Norman area, search up-to-date, accurate MLS listings for Lake Norman real estate for sale, Cornelius NC real estate, Davidson NC real estate, Denver NC real estate, Huntersville NC real estate, Mooresville NC real estate and Lake Norman waterfront property. Be sure to keep up with the Lake Norman housing trends.
Thank you for visiting EstelleBrown.com. The real estate in Lake Norman offers something for every lifestyle. Learn more about Estelle Brown; her Lake Norman real estate business is based on matching homes with lifestyles; let’s find yours!