Columbus Homes For Sale | Home Buying Tips

More than seven million American homes are sold every year. If you want to become a homeowner, there are 10 tips you should

know

About You

1. Pay your bills on time. This makes you a lower credit risk and, therefore, a better candidate for a mortgage at the lowest

possible rate. Paying your bills

now can make it

easier for you to get a mortgage later.

2. Check and update your credit report before starting to look for a Home. Credit reports are used by lenders to

determine whether you will qualify for the

mortgage you seek

and for the interest rate you pay, so make sure your report is accurate.

3. Determine what monthly mortgage payment you realistically c an afford. Calculators to determine this can be found at

The Home Loan Learning Center,

which is part of the

Mortgage Bankers Association's web site.

4. Take time to learn important terms and understand their meaning.

About Your Loan

5. See your lender first. Find out what you can afford before you look at houses.

6. Shop around. Compare the different types of mortgages and the interest rates offered by different lenders. Have the

lender validate your calculations and

agree that you

are qualified for a home loan and monthly payments of that size. Get pre-qualified.

7. Understand the deal. Ask about closing costs and other fees before you sign the documents. Ask if you will incur costs

if you refinance or prepay your

mortgage.

8. Work interactively with a mortgage lender. Your lender will likely need to talk with you from time to time and may need

additional information. Make sure

you get back to your

lender quickly so the process can be completed as soon as possible.

About Your Home

9. Avoid emotional buying. Before you look at any house, determine what features you really need in a home and then try

to stick to the list you made.

10.

Visit as many homes as possible. For more information, visit www.homeloanlearningcenter.com (in English) and www.

centrohipotecas.com (in Spanish).

THIS FEATURETTE IS REPRINTED BY PERMISSION FROM NORTH AMERICAN PRECIS SYNDICATE (NAPS).

Top Ten Tips For Home Buyers

The Anders Team
614-527-0811

Real Estate Essentials for Home Buyers!

The Buying Process

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