Jan
25
Homebuying 101: Know Your Credit
Posted by sheronrealtor under For Buyers, General Information
Know Your Credit – Get pre-qualified or pre-approved for a loan before you even begin searching for a new home, this determines how much home you can afford. This allows you to act quickly once you find something suitable to your needs. It also indicates to the seller that you are serious and really can afford to buy the property. Know the difference between pre-approval & pre-qualified. Get the best loan for your individual needs. For example: If you are a first time home buyer, there are FHA Loans available. If you are military personnel or are a veteran, there could be VA Loans available to meet your specific needs. Shop around for the best mortgage rates and terms. A difference of even half a percentage point can mean a huge savings over the life of a loan.
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