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What Is the First Step to Owning a Home?

 
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内容由Ruby Miranda提供。所有播客内容(包括剧集、图形和播客描述)均由 Ruby Miranda 或其播客平台合作伙伴直接上传和提供。如果您认为有人在未经您许可的情况下使用您的受版权保护的作品,您可以按照此处概述的流程进行操作https://zh.player.fm/legal

The very first step you should take when buying a home is getting your financing in order. I’ll explain why today.

Selling in the greater Houston area? Get a market analysis report
Purchasing in the greater Houston area? Get full MLS access

The most common question I get asked when someone is looking to buy a home is “What is the first step?”

When you’re getting ready to buy a house, the very first thing you’ll want to do is secure your financing. You’ll want to make sure that your budget is where it needs to be as well as make sure your debt-to-income ratio matches up with what you want your monthly payment to be.

Meet with a lender to figure out how much you can spend, how much you’ll need for closing costs, how much you’ll need for a down payment, and what your total monthly payment is going to look like.

As humans, we always compare everything to the one that got away.

The last thing you want to do is look at homes before you’ve got your financing in order. The pre-approval process can take up to 72 hours, so if you fall in love with a home and have to wait for a pre-approval letter, you might lose the home during the waiting period. As humans, we always compare everything to the one that got away, so make sure you’re ready to go with a pre-approval letter.

If you have any questions about this topic, buying or selling a home, or any other real estate questions, please feel free to give me a call or send me an email. I look forward to hearing from you!
  continue reading

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Hmmm there seems to be a problem fetching this series right now. Last successful fetch was on September 27, 2023 05:15 (1+ y ago)

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Manage episode 175280764 series 1385870
内容由Ruby Miranda提供。所有播客内容(包括剧集、图形和播客描述)均由 Ruby Miranda 或其播客平台合作伙伴直接上传和提供。如果您认为有人在未经您许可的情况下使用您的受版权保护的作品,您可以按照此处概述的流程进行操作https://zh.player.fm/legal

The very first step you should take when buying a home is getting your financing in order. I’ll explain why today.

Selling in the greater Houston area? Get a market analysis report
Purchasing in the greater Houston area? Get full MLS access

The most common question I get asked when someone is looking to buy a home is “What is the first step?”

When you’re getting ready to buy a house, the very first thing you’ll want to do is secure your financing. You’ll want to make sure that your budget is where it needs to be as well as make sure your debt-to-income ratio matches up with what you want your monthly payment to be.

Meet with a lender to figure out how much you can spend, how much you’ll need for closing costs, how much you’ll need for a down payment, and what your total monthly payment is going to look like.

As humans, we always compare everything to the one that got away.

The last thing you want to do is look at homes before you’ve got your financing in order. The pre-approval process can take up to 72 hours, so if you fall in love with a home and have to wait for a pre-approval letter, you might lose the home during the waiting period. As humans, we always compare everything to the one that got away, so make sure you’re ready to go with a pre-approval letter.

If you have any questions about this topic, buying or selling a home, or any other real estate questions, please feel free to give me a call or send me an email. I look forward to hearing from you!
  continue reading

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