Top 3 Things To Do If Moving in the Next 12 Months

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If you are preparing to buy a home in the next 12 months, then there are a few things that you need to consider so that you are ready for the real estate deal.

1. Save for the Down Payment

Right now is the time to get started so that you have money in the bank for a down payment and closing costs. There are many options for down payment assistance, including no money down or a partial down payment. But, you need to know that you are probably going to need at least a little bit of money to cover some of the upfront expenses. This is the first thing that needs to be addressed so that you are ready to buy a home.

2. Check Your Credit ASAP

It’s always good to get to work on your credit score right away. If there are old things that need to be resolved, then right now is the perfect time to act so that you are ready with a strong credit score when it is time to apply for financing. Mopping up issues like collections or outstanding balances take a little time to clean up, which is why you need to get started as soon as possible.

3. Talk to a Lender

Schedule an appointment with a mortgage lender so that you are fully preapproved for the financing that is needed. This preapproval letter should be submitted with the offer, showing that you will have the financing in place that will be needed to purchase the property. Start this conversation early so that the lender can help you if there is anything that needs to be changed. Then, you can obtain the preapproval details when you are ready to start shopping for the home of your dreams.

If you need more information about any of these tips, we are always here to answer your questions. We are here to make it as easy as possible for you to buy or sell a home. Call, text or email to learn more about the real estate and mortgage services that are available: (951) 473-0390 or [email protected]