Why You Should Prepare Now for Your 2018 Home Purchase

Is a home purchase in your future for 2018? If so, there are a few things you can do to jumpstart the process right now.
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If you’re thinking about buying a home in 2018, you need to begin the process right now. There are a few steps you should be taking right at the start.
First of all, check your credit. This way you know if your credit is high enough to qualify for a loan. If it is, don’t take out any new lines of credit. Doing so can cause your credit to take a hit.
If your score isn’t currently high enough, now is the time to work on raising it. Enlist the help of professionals to guide you through this.
Another way you can prepare for your home purchase at this time of year is to suggest financial gifts. Instead of asking loved ones for physical goods, instead ask that they help by contributing monetary gifts. These funds can be used toward your down payment or closing costs, which will be greatly helpful later in the process.
You should also start interviewing agents as soon as possible. Finding a professional you’re comfortable with will be massively important to the process further on.
While a professional will be able to help you stay on top of current market conditions, you should also take care to do your own research. Remember to keep an eye on interest rates. This will help you time your move.While a professional will be able to help you stay on top of current market conditions, you should also take care to do your own research.Lastly, finding a good lender will make everything go more smoothly. The sooner you get preapproved, the better. But, preapprovals are only good for three months. It’s always good to be preapproved before you begin your home search, but make sure your pre-approval is still valid by the time you find the right home.
If your pre-approval does time out, you can work with your lender to have it extended.
If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.