Buying A New Home - Need To Know

Today we're going to talk about what you need to know when you're planning to buy your home. It's really important that you have these things organized to make your life as least stressful as possible.

While you're going through this very exciting time. The first one that's important to have prepared are your tax documents. We are going to need copies of your tax documents, in most cases for a mortgage application, and they can be challenging to get. So reach out to your accountant now. Make sure you have your tax documents ready on file and ready to go for when you get pre-approved.

Number two, make sure that your credit is in a good place. Credit is very important when you're applying for a new mortgage, so make sure you work on that early. Pay down your credit if your balances are really high compared to their limit, make sure you don't miss any payments and make sure you have enough credit so that a lender is comfortable to lend you money.

They can see how you've repaid your credit in the past. This is something we will help you with throughout the pre-approval process, but it's really great for you to have it organized in advance. The third thing to keep in mind when you're thinking about buying a new home is don't make any large purchases. Do not buy that car and take out a large expense every month for your vehicle payment or any other loans like that. If it can wait, please wait. It will help you to qualify for a whole lot more.

Those are the most important things that you need to be prepared for when you're thinking about buying a home. There's lots more for us to discuss, so give our team a call and we can walk you through it.