5 Steps to Buying a Home
| Step #2 – Get Prequalified |
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After you have decided what kind of home you would like to purchase, the next step is to meet with a Mortgage Lender to determine your price range and what programs may be available to you. Please visit Steve’s Mortgage Center for more information on the many different mortgage programs available.
Questions to ask when entering the prequalification stage:
- How much down payment do I have, and how much down payment do I need?
- Can I buy a home if I have no down payment?
- What amount of monthly payment works?
- What kind of loan should I get?
- How much am I willing to spend to get what I want?
- How do the interest rates affect my purchasing power?
- Am I willing to overextend myself a little now to avoid an interim move later?
- Who will explain all of paperwork to me?
Step #3: Start Looking at Homes
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