Want to step into the housing market with confidence? You’re in the right place. This guide to buying your first home can help you figure out which house will be right for you as well as everything that leads up to it, like finding the right real estate agent and the perfect mortgage to fit your needs. Get excited: the next stage of your life begins now.
Prep School:Quicken Loans Wants You to Have a Great Experience Purchasing
Your First Home. Are You Ready?
Buying your first home is a big deal, and a big step. At Quicken Loans, most of us have been where you are right now, and we want to help you to enter the market as an expert. We can help you have your mortgage in place (so you can grab your perfect home before someone else does) and know exactly what to expect. After all, a house is one of the largest purchases you might ever make, and this is not the time for unwelcome surprises!
While every home and every buyer is unique, there is a process to buying any home that nearly everyone needs to follow. Until recently, that process usually went like this: find a home, then scramble and wait for a mortgage approval.
Unfortunately, many buyers found out too late that they could not be approved for the amount they wanted to borrow, sometimes losing their earnest money deposit by having to withdraw their offer. Some have lost their dream homes to other buyers while waiting too long for their mortgage approval.
When you get pre-approved first, buying a home cango a lot smoother because you will:
• Know exactly what to spend
• Make an offer with confidence
• Be the buyer with the advantage if there are multiple offers.