Many people find it useful to have a checklist and on any good checklist these 2 items should be the first items on that list. as they are essential to getting the ball rolling on your dream of home ownership.
The 2 major items a potential home shopper needs to begin to think about before contacting a realtor is.
1. Determine how your credit looks.
Luckily in this computer age there are many ways too easily and quickly check your credit scores. There are multiple sites that allow you to check your credit for free.
One that we like is www.freecreditreport.com If you have a credit score below 640 you may want to dive deeper into your report to see if there are opportunities to increase your score. You can dispute errors found on your credit report, make sure you are current on all monthly payments, and reduce debt where possible.
2. Get a pre-approval from a mortgage professional.
Once you have a good understanding of your credit contact a mortgage professional and get started on a pre-approval. But donโt just pick any mortgage professional as they are not all created equal. Do your research, feel confident that the person you pick is knowledgeable and will take care of you as if they were buying their own home. Happy shopping!!!
If you have any questions about either of these items, please reach out to us today. We are happy to answer any questions you may have!
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Brandon Miller
Founder & CEO, Mortgage Loan Originator, Lendmire LLC
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Disclosures. The information presented in this article is general market commentary, not financial, legal, or tax advice. Lendmire is a mortgage brokerage (NMLS# 2371349) โ not a direct lender or depository institution โ and loan placement is subject to lender underwriting. Nothing in this content represents a commitment to lend. Loan terms, pricing, and program availability vary based on borrower qualifications, property characteristics, and state of subject property, and are subject to change at any time. Lendmire complies with Equal Housing Opportunity requirements. Consumer access: nmlsconsumeraccess.org.
