3 Easy Steps For Financing Your Home

Shopping for a mortgage doesn’t have to be an overwhelming experience. Here are a few key things you can do in advance to make financing your new home a smooth process.

Start Your Research Early
Before you even begin working with a real estate agent, write out a list of your most-desired neighborhoods and know what the going price is in that area for the type of home that you want. Dig a little deeper into recent housing trends for an even clearer picture of your expected investment. The more you know ahead of time, the better.

Figure Out How Much House You Can Afford
There is nothing worse than finding the perfect home and then realizing you can’t actually afford it. When it comes to financing your home, we recommend first getting your income and personal finances in order. Check your credit score and save up for that down payment, if you’re able.

Get Pre-Qualified For Your Mortgage
This is the initial – and fairly simple – step in obtaining a home loan. During the pre-approval process, a bank will evaluate your debt, income and assets in order to give you a better idea of your qualifying mortgage amount. Pre-approvals may only be valid for a certain amount of time, so we recommend taking this step only when you’re ready to buy.

Are you looking for an Arizona home loan? Let RedStone Mortgage assist you in finding loan options that meet your individual needs. Call us at 480-759-1500.

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