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Preparing to Buy

Educate yourself about your options. Examine your financial situation. If necessary, get pre- approved for financing.

Unless you’re paying cash, it is generally recommended that you get pre-qualified for a loan before you start viewing homes and making offers. The pre-approval process is painless and can be done over the phone with the lender of your choice. Your current financial situation and credit history will determine the amount you qualify for and set the budget for your home search.

 

Check Your Credit Rating.

Your credit score will have a huge impact on what type of property you can buy, and at what price. It is first recommended to check your credit rating with an experienced lending institution so that we can determine what you can afford. The lender will research your credit ratings from the three credit reporting agencies Equifax, Experian and Trans Union. We will be happy to recommend experienced, knowledgeable lenders in the residential, construction, and commercial and investment real estate fields.

Be Careful With Your Finances.

Now is not a good time to make sudden career changes or large purchases. You want to approach your property purchase from a position of financial stability.