Three Tips for Preparing to Buy a Home

 

Nichole Whitmire, Cumming, GA Real Estate Associate | RE/MAX Regency (remax.com)



Here are a few suggestions to keep in mind when you have decided that you are ready to become a home buyer.

  • Check your finances
  • Check your credit score
  • Choose the right Realtor     
Checking your financial standing is an important first step to the home buying process.  Pay attention to your debt-to-income ratio (DTI). Basically, you will need to evaluate your total monthly debts divided by your gross monthly income, then multiply that answer by 100. This will be your DTI ratio used by lenders.

Checking your credit score prior to beginning your home search helps you know beforehand whether any issues may need to be corrected or resolved. Pay attention to your FICO score because lenders use this to determine your creditworthiness.

Choosing the right Realtor can be a key component to your overall satisfaction with the home buying process. A Realtor that is not only knowledgeable, but also communicates the process well to her clients, can help make the home buying process less intimidating to new home buyers along the way.

These three tips listed above can be beneficial to new home buyers and experienced buyers, as well.

Photo by Karolina Grabowska from Pexels

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