Spring is a wonderful time of the year in southeast Georgia and Savannah has flowers blooming everywhere. It is a time when people start looking around for a new home or the very first one they will own. But you have to remember you are not the only one thinking this way. There may be a couple of people who have their eyes set on that dream house of yours and you want to be one step ahead of them. It isn't that hard to do and you should have your financial ducks in line to make that initial offer to the seller.
Check Your Credit Scores before You Start
Mortgage loan institutions and banks want to have a safe risk and are hesitant to approve a loan for someone who has a low credit score. You can check with any of the credit reporting companies (Experian™, Equifax™, TransUnion™), and there are some online website you can visit. If your credit scores are low, you need to do something about it before you start house hunting. That would include paying off some of your low balance credit cards, and seeing to it that all other credit cards are paid before the due date. It may take a couple of months, but your credit scores should rise to a level that is acceptable to a loan institution.
Think about a Preapproval
Assuming that you have acceptable credit scores, you may want to consider getting a preapproval for a loan. This is going to take a little paperwork, but the idea is a preapproval strengthens your hand. It lets you know how much of the loan you are able to secure. The preapproval is going to help you with the house hunting keep within a certain price range. It would be more than embarrassing if you want to buy a house only to find that you do not qualify for the loan needed. Finally, a preapproval letter also lets the seller know that you have the wherewithal to afford the house. It can allow the closing to move that much quicker.
We are a boutique real estate agency here in Savannah and we specialize in the kind of property that people would love to have as their very own. We maintain that client service is a hallmark of a great real estate agency, and our agents are committed to offering the very best assistance. As professionals whose careers are centered on real estate, our people will help you find that house you always wanted to live in. We can help you navigate through the offers and the closing on that magnificent home. You can rest assured that we will search to find the house that best suits your needs. We will not give up until you are satisfied.
Getting the financing ready before the house hunting begins means that everything moves that much faster. Our professional service will also make the entire house hunting experience a pleasant one with a satisfactory ending. We welcome any questions you might have and encourage you to contact us at 912-341-6601 or by email at firstname.lastname@example.org