4 Simple Steps to Get You Started
If you are buying your first home, you want to make the process as smooth as possible and crafting a first home checklist is a good move in the right direction. It will help avoid common problems and provide peace of mind knowing what to expect. The following steps can show you where to begin, and ensure a smooth process through your journey.
Identify and Fix Credit Issues
A common mistake among first time home buyers is speaking with an agent about a home when you aren’t aware of your current credit score. Researching your credit score can help you identify easy-to-fix issues that could prevent you from obtaining a loan. For example, reducing your credit card balance or closing old loans can give your score the quick boost it needs to attract lenders. Even if you feel tempted to skip this step, check your credit score and write down any problems or red flags you notice. You can then take proactive steps to enhance and build upon your current score so that you can get the right loan for your situation without overpaying in interest.
Get a Pre-approval
Once your credit is in order, you are ready to move on to the next part of your first home checklist. Some people estimate the amount of money they can borrow from the bank when they want to purchase a home, but this can create problems. Getting a pre-approval from a bank lets you know how much money you can spend when realistically budgeting for a home. Speak to several banks about getting a pre-approval to compare rates and agree to the best possible offer.
Speak with an Agent
By this point, you should know your credit score and have a pre-approval to buy your first home with confidence. Trying to find a home on your own takes a lot of time and energy, and you might not spot one that makes sense for you. Improve your odds of locating your dream home by working with a qualified real estate company and agent. The agent you enlist will learn about your budget and the home characteristics for which you are looking, and will get access to many homes that are sure to grab your attention.
Contact a Title Company
The final step in buying a home is to work with a trusted title company. Many are not aware, that in the home buying process, you are able to choose your title company. You’ll want to work with a title company that has your needs in mind and works for you. When considering a title company, consider items such as emphasis on compliance, technology, and personalized service.
At Brightline Title, we will provide you with expert guidance and title insurance to help you finalize the deal and move into your new home without worries. When you are ready to choose a title company, consider partnering with Brightline Title. Our team strives to provide exceptional customer service and guidance every step of the way. Place an order online or give us a call at 1-855-390-0054 to begin your journey to owning your first home. Contact Brightline Title or give us a call at 1-855-390-0054 to begin your journey to owning your first home.
