Buying a new home can be one of the most stressful and confusing purchases you’ll ever make, but it can also be the most fulfilling.
The team at Kendall Homes has decades of experience in the real estate and home construction industries, so we know a thing or two about the process and how you can make things easier on yourself and your family. Here’s our checklist for buying a new house:
– Bump Up Your Credit Score
The better your credit score, the lower your monthly mortgage payments will be. Keep track of your credit score and watch out for penalties on old or paid-off debts – also, it’s a good idea to stop applying for credit for a full year before you apply for mortgage loan financing (and for a while after you complete the purchasing process).
Having an ample down payment available and ready to go will make you more likely to be approved for a mortgage loan. For conventional home mortgage loans, a good rule of thumb is to have about 5-10% ready for a down payment so you can help lower your monthly payments. Oh, and don’t forget to factor in loan fees!
– Get Pre-Approved
Getting pre-approval for a mortgage loan shows that you have everything in order and you’re ready to buy. Having the financing already in place shows sellers you’re serious about going forward with your purchase and can help expedite the process.
– Find the Right Home for You and Your Family
Buying a home is a serious commitment. It may be something you pass onto your children, so finding something that’s beautiful, functional, and built with quality in mind are all equally important. That’s why all of our homes are backed with a 2-10 Home Buyers Warranty – to ensure your peace of mind.
Find an available home here or contact us to discuss some homes in our upcoming neighborhood of Sunset Ridge!
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