Get Ready For Your Purchase With This Guide

Buying a home is one of the biggest financial decisions most Americans ever face. Fortunately, the process has been done so many times it is more or less straightforward. With a little advance planning, you can make sure that you are ready for each step of the process. This will ensure you are able to close on your dream home, and continue to live comfortably in it for the long-term. To best prepare, put these things on your checklist.

• Check Your Credit: You can get a free credit report once a year from Equifax, TransUnion, and Experian. Take advantage of that and get your report, then look it over. Disputing any errors can help boost your credit score. Knowing your credit score in advance can give you a good idea of how you will look to your potential mortgage lenders.
• Begin Budgeting: It is important for you to understand exactly how much house you can afford. Go through your budget and determine how much you can put towards your mortgage after you pay all of your closing costs (these are usually 1 to 2 percent of your home price). Then, start setting aside the difference between what you are paying for housing now and that amount for a couple of months to ensure it is comfortable for you.
• Approach Approval: Not only will getting preapproved for your mortgage ensure that you only shop for houses you can actually afford, having your preapproval will make you more attractive to sellers, setting you apart from other potential buyers.

Does all of this sound a bit overwhelming? Fear not; the home buying experts at the Ranch & Coast Mortgage Group Inc. are here to help. To get the professional guidance you need to ensure you do not miss any crucial to-dos, contact our Solana Beach team today. For all of your California mortgage needs, we are here.