How to Start the Home Buying Process

Congratulations are in order if you’re about to embark on the exciting adventure of homeownership! If you’re trying to figure out where to start, let us help! There are a few things you can do to get yourself organized before you even think about talking to a mortgage consultant or a real estate agent.

Step 1: Check your credit

Before you call a mortgage consultant, it’s important to know your credit score. By law, you are able to check your credit score for free one time per year. Visit this website to get your free report. Be careful to always read the fine print when dealing with free credit report sites, as some will ask for a credit card and charge you for membership or a fee. Credit scores usually range between 300 to 850 – the higher your score, the better. Check for any errors on your report. If you find any, be sure to research them right away.

Step 2: Know your budget

Look at your current financial situation – your savings account, bills, budget, loans and salary. Be sure to figure out how much you feel like you could comfortably pay each month on a mortgage. It’s important to start by assessing your current situation before talking to a mortgage company about how much you “could” afford.

Step 3: Find a Mortgage Company

If you’re serious about buying a home, getting pre-approved by a mortgage consultant for a loan – is an important next step. SIRVA Mortgage might be a good option for you, if you’re looking for a company that will shop and find the best rates for you, has fast approvals and paperwork and will help you save money. Our consultants are available to discuss your options with you and help you along the way. You can call 844-299-8150 to talk with our team or start the pre-approval process online.

Step 4: Get Pre-Approved

Getting pre-approved will help you in a number of ways. First, it will help you set a realistic budget for how much you can afford. It’s never a good idea to start looking at houses without knowing your budget – it can lead to disappointment and heartache in the end. The second thing pre-approval does is let the home sellers know you’re serious about purchasing their home.

If you would like to talk to one of our SIRVA Mortgage associates about your specific situation, you can call us at 844-299-8150 and we can help get you started.