Do you have a goal for 2021? Perhaps you have several goals in mind. If one of your goals is to buy a house, there are some tips you need to know in order to make your goal of being a homeowner a reality. Here are some tips for in 2021.
Here’s How to Make Your Homeowner’s Goal Come True
First, you need to think about what you want in a home, and what you want for your budget. How many bedrooms and bathrooms do you want? Are you looking for more of a classic or modern-styled home? Once you have in mind what you want, it will be easier to look at homes.
Next, be sure you have saved enough money for your down payment. Depending on which loan you get, your lender will usually require from 3% to 10% of your home’s value down as a deposit. While you may not be sure exactly what you want in a home, you will have a general idea how much you can afford, so you will know how much money you need to target to save.
You will now want to go ahead and prequalify for a home loan. Prequalification will give you the edge on other potential buyers who you may be competing for your home. Pre-qualification will also let you know how much home you can afford on your budget. Your next step in this process is to get pre-approval for your home loan so that you can make a serious offer for your home.
When you’re ready for your new mortgage as a new homeowner, you need to stop in and see us here at Bank of England Mortgage. We are located at 235 North Orange Avenue, Suite 200, in Sarasota. We look forward to helping you make your homeowner dreams come true!. You can also give us a call at 941.361.1280.
For informational purposes only. This is not a commitment to lend or extend credit. All loans are subject to credit approval including credit worthiness, insurability, and ability to provide acceptable collateral. Not all loans or products are available in all states or counties. Underwriting decisions may be provided by a third party. Always follow the advice of your tax advisor. Bank of England is not affiliated with any government agency. Bank of England Mortgage is a division of Bank of England. NMLS 418481. Member FDIC