8 Things To Do BEFORE You Buy A House

8 Things To Do BEFORE You Buy A House

8 Things to do BEFORE you Buy a House...

Are your friends thinking about buying a house? Give them these tips for getting ready to buy.

  • Save for a down payment. The minimum down payment for an FHA loan is 3.5% of the property’s purchase price. This might be a pretty good chunk of money for many homebuyers, but don’t worry! If you’re not quite there, you can work on the rest of these steps while you save.

  • Review your credit history. The better your credit history (and the bigger your down payment) the more desirable your loan terms and interest rate will be.

  • Improve your credit. Pay your bills and pay them on time! If you tend to be forgetful or too busy when the first of the month rolls around, set up automatic monthly payments.

  • Do not purchase any big-ticket items on credit. This includes vehicles, furniture, or even a vacation. These personal loans increase your debt-to-income ratio which in turn will decrease your borrowing power.

  • Shop around for a home loan now, before you begin to shop for a home. Many homebuyers neglect this primary step toward purchasing a home.

  • Shop around for the best loan offer. Comparing loan offers will expose big differences in loan terms and costs.

  • Get a written preapproval. A preapproval letter sets you above other buyers in a competitive market. It tells sellers you mean business, and you have the money to back up your offer.

  • Find a real estate agent you are comfortable with. Buying a home is a huge deal. Selection is about when, where and what price, and includes a big financial commitment. You need an expert at your side to guide you through the process and help you make intelligent decisions.

For more information about buying a home in today’s market, tell your friends to call, text or email me!   Together we’ll find the home that’s the right fit.


Nashville, Brentwood, Franklin Properties for sale Dianne Clayton

 Exit Realty of the South   1227 Lakeview Drive   Suite 1   Franklin, TN  37067

615-550-5555     Office                 615-207-0037     Cell

Each Office Independently Owned and Operated


Dianne Clayton Headshot
Author:
Phone: 615-207-0037
Dated: April 25th 2016
Views: 425
About Dianne: ...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

May 23 2018 53987 1 - Open House this Saturday from 11am
Shopping For A New Neighborhood - Shopping for a New
What Does A FHA Approved Condo Mean - What Does a FHA Approved Condo?
May 17 2018 53987 1 - Open House Saturday 05/19 

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

EXIT Realty of the South
701 President Place, Suite 150
Smyrna, TN
615-751-0944
615-625-7939

Other Locations