3 Things you must do before buying a home
1. First thing first find a licensed real estate agent
your agent will evaluate your financial situation and refer you to the right mortgage broker to ease the process, there are too many loan programs like FHA, Conventional, VA, USDA, local city down payment assistant programs and so on. It’s critical that you work with a mortgage broker that specializes in the program that suits your need to avoid funding failure during escrow.
2. Get loan approval or pre-qualification letter from the mortgage broker
Loan approval or Pre-qual letters usually valid for about 90 days you can always re-apply as needed, now you have all the tools.
3. Ask your agent for buyers tour to see all the properties that falls under your preferences
A realtor has the power of scheduling showings, you don’t need to wait for open houses every weekend to attend, sometimes are aware of off market or coming soon listings that you cannot find anywhere in Zillow, Trulia, Realtor.com or any other platform. In a good market real estate agents often sells properties before it hits the market keep in mind good properties won’t last, so take advantage and move smarter!
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