There are a lot of moving parts to a real estate transaction, and it all has to happen so fast. I have compiled a list of highly trained professionals that will be able to assist you in each service that will be required to complete your transaction from start to finish in a timely matter. These services include Mortgage servicing, inspection companies and more. If you have any questions or would like my assistance, please don’t hesitate to give me a call.
Tammy Luczak, Coldwell Banker Select Owasso.
So How do you get started?
Step 1: Determine How Much House You Can Afford
Lenders generally recommend that people look for homes that cost no more than three to five times their annual household income if the home buyers plan to make a 20% down payment and have a moderate amount of other debt.
Step 2: Get Prequalified and Preapproved for credit for Your Mortgage
Before you start looking for a home, you will need to know how much you can spend. The best way to do that is to get prequalified for a mortgage. To get prequalified, you need to provide some financial information to your mortgage banker, such as your income and the amount of savings and investments you have. Your lender will review this information and tell you how much we can lend you. This will tell you the price range of the homes you should be looking at. Later, you can get pre-approved for credit, which involves providing your financial documents (W-2 statements, paycheck stubs, bank account statements, etc.) so your lender can verify your financial status and credit.
Here are a few great mortgage lenders to choose from.
Tulsa, OK 74133