3 Key First Steps to Getting Your Dream Home

You’re hoping to find the perfect home. What are the first steps to consider?

1. Don’t Wait for the Perfect Market. Move When You Are Well-Positioned.

Your financial readiness signals the best time to buy.

Of course, the dreamiest situation involves being debt-free and paying cash for your home, while saving money in reserve for fixes and expenses.

Sometimes, dreams and circumstances push us beyond our apparent limitations. For most people, that is, being ready doesn’t mean saving the whole purchase price. It means saving 10-20% for a down payment, and getting a 15- or 30-year mortgage.

2. Don’t Let Current Financial Imperfections Slow Your Search for that Perfect Home.

There are efficient ways to afford he home you long for:

• If you receive federal tax refunds, have less withheld. Increase the power of your pay stubs!
• Compare the down payment requirements of FHA loans with conventional loans. Go with what works.
• If you have more than one loan option, compare later refinancing possibilities to inform a strategic choice.
• Some loans, including FHA loans, are assumable. This can make a co-borrower’s help at first – then assuming the loan independently later – a workable solution.

3. Prepare to Show Your Buying Power When the Perfect Home Appears

Meet your specialist at Midland Mortgage Corporation of Columbia, SC, and get on the path to pre-approval. This shows you meet the lender’s requirements for the home loan.

It prompts a seller to take your offer on that beautiful home seriously!

To discuss getting into the home you’re dreaming of, call (800) 854-9484. Or simply get in touch through our website.

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