Not only does Vintage Home Loan offer the same traditional mortgage lending options as our competition, but we have leapt into the future of mortgage lending by offering non traditional mortgages as well.
Getting ready to buy a home can be stressful and complicated. With so many details and decisions to make, it's no wonder why potential buyers often feel overwhelmed. This spring season, don’t let the high demand of the residential real estate market cause you stress or prevent you from landing your dream home.
Here are five tips to help you navigate the buying process.
Tip #1: Work With Real Estate Agent Early On
A real estate agent will be an invaluable resource throughout every step of the buying process. They have quick access to listings before they hit major online listings, and they can also explain how the bidding process works.
Tip #2: Prioritize Your Needs
Before you start shopping, it’s important to know what your priorities are in terms of location, size, and amenities. Create a checklist that ranks these criteria in order of importance, and keep it handy when you begin looking at properties.
That way, if there’s something in particular that is non-negotiable for you and your family, you can quickly determine whether or not a given property meets those requirements without having to go through all its features one by one.
Tip #3: Get Pre-Qualified
It is essential to get pre-qualified before actually putting down an offer on a home—especially during busy times like springtime when homes tend to move faster than usual.
A mortgage professional can give you an idea of how much house you can afford before diving into negotiations with sellers. This will also provide sellers more confidence in your offer since they won't have to worry about financing falling through later down the line.
Tip #4: Know Your Numbers
Knowing your numbers is vital in the home buying process—not just in terms of budgeting but also understanding estimated monthly payments, private mortgage insurance payments (if applicable), taxes, etc..
A mortgage professional will be able to walk you through calculations so that you can figure out those numbers accurately and confidently going into negotiations with sellers.
If you do make an offer on a home and are hoping to fast-track the process once it has been accepted, make sure all your paperwork is ready ahead of time—this includes identification documents such as driver's license or passport; W2s; pay stubs; bank statements; etc..
Once your offer is accepted, things move quickly! Having all your documents ready means less paperwork for both parties involved which makes for smoother transactions overall!
The spring season is traditionally busy for the residential real estate market, so make sure these 5 tips help guide you through this exciting journey toward becoming a homeowner! Good luck!
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