You’ve decided you want to buy a house but don’t know where to begin. You’re not sure what to do.
First things first; Here’s where to start:
• The first thing to do is check your credit, you will need a good credit score to get a good loan. Student loans, car loans, and credit cards are all items that are considered in determining your credit score, make sure you pay these each month when they become due (for credit cards, maintain a balance no higher than 30% of the credit limit, this will help your credit score).
• Save for a down payment: There are loan products out there for zero down payment, but the more you put down, the better the loan terms.
• Employment: You will need a steady income to qualify for a loan.
Once you have obtained the above 3 items, contact us for a pre-qualification to let you know what you can afford and your expected payments. You may find you qualify for a much higher loan amount than what you would be comfortable paying, on a monthly basis; make sure you are comfortable with the monthly payment, this will help gauge the loan amount and purchase price of the home you are considering.
Call us, we can help you through the process!
We offer a variety product services, ask us how we can assist you today:
Counsel Mortgage Group®, LLC
AZ MB #0909580
CA DBO #60DBO43873
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