Once a lender has reviewed your finances as part of the homebuying process, you want to be as consistent as possible. Don’t make any big changes that could affect your mortgage application.
Here are a few tips. Don’t change bank accounts or apply for new credit. And this one may surprise you, don’t buy appliances or furniture for your next home yet either.
The best tip of all? Before you do anything financial in nature, talk to your lender first.
Before you even start looking at homes, there’s something you should do first – and that’s get pre-approved for your mortgage.
Pre-approval is when a lender checks your finances and decides how much you’re qualified to borrow for your home loan. This helps you determine your budget and makes your offer stand out for sellers.
Connect with a trusted lender to get the process started.
Over the past 5 years, home prices have risen dramatically. If you own a home, that means your house may be worth a lot more than you think.
Nationally, prices are up nearly 60% since 2019. And, if selling has been on your mind, you can use that bigger-than-expected return to power your next move.
If you want to know how much your home is worth in today’s market, reach out to a local agent. The number may surprise you.
A study shows that 70% of prospective buyers fear the long-term consequences of renting. And here’s why.
Rent usually rises over time and that can make it harder to save up to buy a home. But when you buy, you can stabilize your housing expenses and grow your net worth as home values rise.
While renting may be the less expensive option in some markets, it can’t match the long-term benefits of homeownership. What’s your #1 reason for wanting to buy?
With more homes for sale and buyers being more selective, it’s smart to make strategic updates. But how do you decide what’s worth doing? You lean on an agent.
An agent will be able to tell you what buyers want, quick wins that’ll have a big impact, and what projects have the best ROI.
What projects are on your to-do list before selling? With only a month left before spring, connect with a local agent so you know what’s worth the time and effort.
Are you torn between whether to buy a home now or wait? Consider this.
Forecasts show prices will climb for at least the next 5 years. If you wait, the price of a home will be higher later on. But, if you buy a $400K now, you could gain roughly $83K in equity as prices rise.
If you’re able to buy now, this equity is one reason why it’ll be worth it in the long run. Connect with an agent if you’re ready to talk through ways we can make it happen.
