There are many steps to buying a home and the first is getting preapproved for a mortgage, but what exactly does that entail? The infographic below explains what mortgage professionals most often require from those seeking a home loan and what buyers can expect to do to secure a mortgage. Now, it’s important to note that the infographic states that a 5-20% down payment is expected but know that there are existing programs that require as little as 0% down. Not everyone will qualify for that, but it’s definitely something to discuss with your mortgage broker/loan officer.
If you’d like a referral to a reputable local loan officer, don’t hesitate to reach out to us. We have some great professionals that we’ve worked with, and we always give a couple of names so you can find the one that works best for YOU.
Do “Days on the Market” Matter During a Pandemic?
Home Buyer Tips, Buying a Home, Days on the Market, DOM, Home BuyerIf you have been searching for homes online, you have likely noticed that each listing page has a DOM or Days on the Market listed. This is how many days the home has been listed for sale. That includes days where it may have been under ...
What Matters Most on a Credit Report
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How to Assess the Health of a Homeowners’ Association
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Single and Thinking About Buying a Home? Consider This!
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