Home Buying Process

Step 4. Get Preapproved by a Mortgage Lender At this point you have a budget and have started saving for your down payment. You have checked for credit report and score and researched which type of mortgage works best for your financial situation. The fourth step is to get preapproved from a mortgage lender. You obtain preapproval by working with a lender to figure out whether you are qualified for the type of loan that you want and how much the lender is willing to give you. This step is very significant because it will give you the confirmation of the final budget you can afford so you can begin shopping for your perfect home. Step 5. Find a Real Estate Agent Now that you have completed all the budgeting steps and have gotten preapproved for a mortgage loan, you can finally start looking at physical homes. This is where determining the difference between wants and needs comes into play again which is where a real estate agent comes in hand. Finding a real estate agent is step five in the home buying process. Once you have narrowed down the area you want to purchase a home, you want to find an agency that works in that area. To find a local agent you can ask for recommendations from trusted people who have bought recently, which is the best way, or using online aids is also a good way.
Start Shopping for a Home Step six in this process, shopping for a home, goes a long with step five. At this point, you know your budget and have spoken with a real estate agency; your agent will do a lot of the work and make suggestions, it is important for you to do some of the browsing yourself personally. There are plenty of ways to shop for houses such