Buying a house is a bit like planning for your wedding day — there are months packed with excitement, stress, planning, and then, finally, the big payoff. Although I can’t help you with

Dated: November 30 2017
Views: 685
One of the most overwhelming obstacles in the homebuying process is obtaining the right mortgage. There is literally thousands of articles online all telling you different things and I wanted to write this article to provide some clarity to the process.
The first consideration you must face is whether or not you are ready to qualify for a mortgage. You may be ready to qualify if:
Your credit score is healthy
You have had consistent income for up to two years
You have the cash to place a 5% - 20% down payment
If you seem to fit the bill, great! If not, no worries. This is a process and sometimes we have to work toward being financially fit before we go after our dream of home ownership. With that being said, here is a high level, step by step process to finding and obtaining the right mortgage for you:
Credit check - is your credit score on point?
Find your lender - can you trust them to provide you with the best options?
The magic number - how much can and should you afford? In other words, what loan amount should you seek?
The right fit - explore and decide on the right mortgage for you.
Documents - collect and organize all documentation needed by your lender
Paperwork - get it signed and get house shopping!
This process is confusing, and as your agent I can help you navigate through the process. If at any point you would like to talk about finding the right mortgage, please reach out to me directly.
Paula is a lifelong resident of the Cedar Valley. She and her husband Rich are both graduates of UNI with BAs in Business Management. She spent many years as a Sales Representative for RJ Reynolds and....
Buying a house is a bit like planning for your wedding day — there are months packed with excitement, stress, planning, and then, finally, the big payoff. Although I can’t help you with
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