Saturday August 13, 2016
Congratulations on your recent nuptials! Now that you’ve gotten hitched you have decided that it is time to purchase a new home together. But before you begin looking at an array of homes in Greenville TX that you hope to call home soon it is important to know the rules of buying a home.
Find out what your credit score is – Having this answered before you meet with a lender will give you and your partner time to fix whatever repairs are needed to your credit. This will also give you a chance to remove erroneous things that don’t belong to your respective reports.
Get pre-approved for a home loan – Each of your credit scores and debt-to-income ratio will help to determine the mortgage rate. Getting pre-approved for a home loan will show seller’s that you and your spouse are serious about purchasing a home.
Agree on a budget – Determine a price range that you are both comfortable with and stick to it! Just because you qualify for a certain amount doesn’t mean you have to purchase a home for the same amount. After all, the last thing you and your spouse want to do is overextend your finances to begin your marriage.
Select an area to live in – Agree on an area to settle down in. Maybe it’s in the same area you currently live in, maybe it’s across town, or in a totally different state. You may want to live near work and your spouse may want to live near the town center. Decide on the area where you two would like to call home in order to start filtering the type of communities that interest you.
Create a must have list – Though you two have become one since marrying, you’re likes and dislikes won’t always be the same. You may need a home office and your partner may want a game room. You may prefer a home similar to the one you grew up in while your spouse may like something a little more upgraded and modern. Work together to create a list of what your new home must have in order for you guys not to walk away. And be ready to compromise! You won’t be able to get everything you want in a home but remain flexible on what will work.
The home buying process can be a very exciting but arduous process. Remember to have fun and work together to find your new home. And since you’re in the market for a new home we hope that you will consider a home by Altura Homes. We build in three homes in greenville tx communities with prices starting from the $140’s. Give us a call today at 888.972.1979 to learn more.