1. Save money for down payment
2. Choose a loan originator wisely
3. Get pre-qualified as early as possible
4. Reduce your exposure to risk
5. Get a rate lock — with a key
1. SAVE FOR A DOWN PAYMENT (TYPICALLY WITH TODAY'S MARKET YOU MUST HAVE NO LESS THAN 3% DOWN PAYMENT SAVED IN A BANK ACOUNT FOR 2 MONTHS. YOU MAY ALSO HAVE IT AS A GIFT. THE LENDERS ARE LIKING TO SEE RESERVES OF SOME KIND, WHETHER A MONTH OR TWO OF HOUSE PAYMENTS IN A BANK, A RETIREMENT PLAN, ...
Top 5 things homebuyers should do now
It’s no lie: The real-estate and financial markets are a mess right now. But that doesn’t mean there aren’t people looking to buy and sell homes. If you’re one of them, here are tips to help you weather current conditions.