FIND A LOCATION:
Find a Location
FIND A LOCATION
Call the Branch
Access online accounts
As you set your goals for the New Year, is buying a new home one of them? If so, here are some things you can be doing right now to help you get ready to buy this year.
This is a good exercise this time of year, as you will need many of the same financial documents for taxes as you would to apply for a loan. Save bank statements, tax information and pay stubs.
Meeting with your lender will help you get on track to meet your buying goals. During pre-qualification you can review your credit, discuss programs available and down payment options.
Once you have reviewed your credit and program options with your lender, you will have a better idea on how ready you really are. Maybe you will need a few more months to save or resolve any credit issues. If you have a home to sell, start to get things in order and make any updates and repairs so you have less to do when it’s time to make your move.
Now is the time to get your financial profile in order. Do not open any new credit cards, make sure all your payments are on time and save every dollar you can for buying your new house. Wait to make big expenditures, like buying a car or new furniture, until after you move in to your home. Having a cleaned up financial profile and cash on hand for the down payment will improve your financial picture and ensure you get the house you really want.
This is the fun part. Make a list of the things that are important to you in a home. Deciding what type of home you are looking for, location, and space requirements will help you stay focused when you start your search. Having a list of want-to-have items vs. need-to-have items gets you thinking about what is essential and what you will be able to afford in your price range.
If this is the year you are going to buy your dream home, we can help! Call us today to get started.