- The first thing you want to do is to make sure that your credit is up to date, a preferresd site to got todo this is www.freecreditreport.com.
- Devolope a steady budget. Here are some of the items and information to get you started.
- All current monthly loan payments.
- Other monthly expense such as child care, dues etc.
- Keep record of variable expences for example food, utilities, amusement for the last 12 months, this will give you a good idea of how much you spending.
- Keep records of annual or semi-annual expenses. Ex(Taxes,and isurance).
- Get estimate of what your new mortgage will be.
3. Invetsigate mortgage prequalification and approval.
4. Get mortgage offer comparisons. Spend as much time as needed this will depend on the cost of your future mortgage.
5. Find how an agency really works this will be a lot of help, you want to jump into something you dont understand.
6. Find an reasonable agency that meets you needs.
7. Compare housing types for example: Townhouse, Condo, and single family.
8. Find the right house. For instance if you have small children checkif there is a pool if the fence arounf the pool is mantained or if the house has stairs.
9. Check and compare home prices.
10. Determine the value of the house. Location of the house is a main thing to look for. For instance lake front, doowntown homes will determine the value of the house.
11. Arrange for a professional home inspection.
12. Last but not least after finding the right house start with the moving plans.
