You've probably been hearing "It's a great time to buy" for a while now. Turns out, this is still true! Not only are interest rates low, the rental market is increasingly competitive, making it harder to find an affordable lease. However, with the current market, great homes are selling quickly, so it's important to do the background preparation so that you're ready when you find the home of your dreams.
The first step in buying a house is speaking with a loan officer to obtain a pre-approval. Not only will you need a pre-approval letter when making an offer on a house, but getting pre-approved will answer a number of your questions up front. A loan officer can help identify an appropriate price range, what monthly payments will look like, and what kind of financing is best for your situation. This will help you prepare for your purchase and leave you ready and comfortable when a great house comes along!
The Barry Berg Group teams with a number of experienced, highly regarded mortgage professionals and we can help get you in touch with the right person for your financing needs!
Yahoo! Homes article "What It Takes To Buy A Home"
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