Buying a home is a big financial step! 🏡 Here's a quick guide to making it smooth:
1. **Get Pre-Approved**: Avoid the heartbreak of falling for homes outside your budget. Pre-approval, unlike pre-qualification, is based on a detailed look at your finances. It gives you clarity on what you can afford and strengthens your offer game. We have VETTED mortgage professionals that we work with to ensure a great buying experience with The Bekah Cochran Team. Ask us how you can get started!
2. **Smart Mortgage Choices**: In today's world with various debts like credit cards and student loans, a 30-year mortgage might be more manageable. It offers lower monthly payments, with flexibility to pay more when you can. Also, consider paying extra points upfront for a reduced interest rate if you plan to stay long-term. It could save you money!
3. **Research Before Bidding**: You can always check sites like Zillow to understand the sales trends for homes similar to your dream pick in the area. Base your bid on recent sales data to ensure you're making a competitive offer. Ask your favorite REALTOR®(s) with The Bekah Cochran Team about ways you can research sales trends before bidding on that home you have your eye on.