1.You should find out what your credit is like. There is nothing worse than going out looking at a house, falling in love with it, and then come to find out you don’t qualify for the house. I don’t think it’s funny or cool to want something, and then find out you can’t get it. So, know before you go.
This will also tell you where your limit will be, and then you have to make sure that you stay at or below that limit. I know it’s going to be hard for you to want to stay there, and sometimes you think that you can get away with struggling for a little bit, but if you’re not careful you can lose the thing you loved, your house.
2. Living beyond your means, is just silly, and you will find out when you get a house, there will be things you didn’t budget for, and then you are short on cash…now you have to eat snack ramon noodles, because you didn’t plan for the unexpected.
Get a good agent- I know this sounds simple, but it’s not really as easy as it sounds. I have seen friends go and find an agent who just answered the phone when they called on an ad, and they didn’t even find out anything about the agent. I think you should interview the person, and for the most part they are honest, but you need to find someone that will tell you about where you are as far as the houses you want to see, and will help to where it is you want to go.
A good agent won’t just say, oh you are so right, and whatever you want you can get, and my favorite…It’s not about me, it’s about you. No it’s about the situation, and a real agent won’t be trying to be your buddy, they are trying to be your partner in one of the best events of your life…purchasing a home.
3. Be open minded, and know what you want when you are buying a home. Take some time to know what it is you want from the start, and this will really help you narrow in while you are looking. Too many people say one thing, and then turn around and do something else, and then get pissed when the agent shows them stuff they don’t want to see.
Get all the prices and fees you are going to have to pay for the loan, and also what everything is going to be after the loan is done. Far too many people sit up there and get into their home and then turn around and act like they’re a victim. I hope you hear this loud and clear, you are responsible for everything…everything. It is up to you to find out how much something is going to cost and how much this is going to effect you, and your family both now and in the future. Think about it this way, you can’t go into the grocery store (or market for some), and load up the shopping cart and then get to the counter and expect it to be $ 20. This doesn’t make since for you to do, and it isn’t responsible, since you were the one that put it in the cart.
Well I hope this gave made your Home Buying easy. If you would like to save thousands of dollars on your home loan, don’t settle on the traditional methods, do some research and keep your hard earned money.
Buying a home is a very daunting experience, and if you don’t have the right knowledge, you are sure to be doomed. If you would like to save thousands of dollars on the life of your home, then you need to get educated now.