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Top Tips For Home Buyers

Posted on July 3, 2013

Buying a home, whether it is your first, second or tenth, can be a stressful process. We often get asked what our top tips for buying a home are and, while you will find quite a bit of advice out there, our first piece of real estate advice is to know where you are financially and have a trusted lender.

One of the first steps you should take when buying a home, other than hiring a trust agent real estate agent on the Gulf Coast, is to get pre-qualified for a mortgage. If you are not sure which lender to choose, ask your agent. Odds are they have more than a few local providers that they trust. Seeing a lender first will let you know where you stand in terms of budget, how your credit score is helping or hindering you and what loans you qualify for as there are more options today than ever before including FHA, VA and even rural housing from the USDA.

Odds are you have been considering buying a home long before it becomes time to visit a lender or even an agent, so our next piece of advice is to save for that standard 20% down payment. Some loans no longer require it but there are no guarantees you will qualify for those programs. And, if you do qualify, that money can be used for inspection fees, closing costs, repairs and other home buying expenses.

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