Feb 8 2018 39116 1

Dated: 02/08/2018

Views: 268

We all know how confusing it can be when trying to purchase a home especially if you’ve never done it before, if you’re looking for some advice or assistance through this process not to worry I’m here to help!


The first thing you should do before starting your journey to homeownership should be to check your credit. Being aware of what your credit scores and report looks like is one of the most important things you’ll need to do which is why this should be the first step. Having healthy credit lets lenders know that they can trust you so that is one of the most important steps in being pre approved. You can check your credit report for free at https://www.annualcreditreport.com/index.actionand you can monitor your scores by going to the 3 credit bureaus websites which are Experian.com, Transunion.com and Equifax.com, youcan check each score and monitor them as well, its very convenient and inexpensive.

Figuring out how much you can afford

Finding out how much you can afford when buying a house is the key tomaintainingyour home and a healthy financial lifestyle. When figuring out what you can afford you should take a look at you overall budgetto see how much you can realistically afford to pay for a mortgage every month. A helpful tool you can useisthe mortgage calculator https://www.exitflagship.com/mortgage-rates? , itwill give you an estimate on how much you’ll be paying monthly depending on the cost of your home and interest rates.

Saving Money

Having money saved for down payments, closing costs, earnest money deposits,legal fees, inspections and property taxes is essentialwhen purchasing your home. Your closing costs and down payments will depend on the cost of the home, so preparing yourselfbyhaving enough money saved willmake the process a bit easier when it comes to closing on your home. Also, hiring and educated realtor and doing your research on programs that can assist youwith closing costs and down payments can help relieve some of the financial burden you may be carrying.If you have questions regardingdown payment assistance programs in Maryland feel free to reach out to me.

Getting Pre-Approved

After you've checked your credit, took a look at your budget and saved some money you’ll be ready for the pre-approval process. Reach out to a realtor of your choice and they can get you in touch with a lender that will let you know everything you need to have for the preapproval application. Once you have been pre-approved for your mortgage loan you can celebrate!

Congratulations, you can start looking for your dream home!

If you found this post helpful and would like to work with me directly I'm here to help you in the process of finding your dream home.


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Licensed Realtor in Maryland

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India Gillis

India Gillis is a native of Washington DC and a graduate of the University of the Potomac, where she earned a BA in Business Administration. India's work experience includes 9 years as a Program Analy....

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