Home Buyer Guide
Purchasing a home can be one of the most exciting and stressful times in a person’s life. There are so many questions and things that can go wrong if you’re not properly prepared. Have you ever prepared a detailed budget to determine if you’re financially ready to buy a new home? Are you planning to fix and flip a property? How will you know when the timing is right? Should you be waiting for the market to improve? It’s easy to get lost in what appears to be a never ending stream of difficult questions. If only mortgages could be simple! This is exactly why the team here at Bydand is prepared to help you!
To be sure you are adequately prepared for the home-buying process, ask yourself: :
- Is my income stable and reliable?
- Am I able to put a percentage of my income into my savings account every month?
- Is my monthly debt at a manageable level relative to my income?
- How is my credit score?
- Is my savings account already in place and do I have enough set aside to pay a small down payment, if necessary?
Did you answer ‘yes’ to most or all of these questions? If so, you should smile and feel a little more confident. You are likely ready to jump into the home buying process. If you answered no to most of the questions listed above, there’s no need to feel discouraged. Pinpoint the area(s) you’d like to improve upon and we’ll be here when you’re ready to get started again.
For those of us who are ready to begin, the process of buying a new home can be a little tricky to say the least. There are a few key steps to navigate but you’ve got a team of experienced lending professionals behind you at every step.