Are you thinking of buying your first home? Maybe you currently own your own home but you’re getting the itch to move? You're certainly not alone. If you’re in either of these two groups it’s likely you’ve searched the internet a bit to see what’s out there, what rates are doing and how much homes are selling for. If this is you, here are five things you should take advantage of when looking for a house.
We’re going to brag a little first but you should list www.majesticloan.com and keep it bookmarked. We have tons of information about home buying with tips on choosing the right loan as well as explaining all the loan programs we have available. There’s no need to contact a loan officer directly if all you’re doing is exploring but whatever home you’re going to ultimately buy, we have the perfect loan option for you.
Before you get too far into the home buying process you want to get a copy of your credit report. The best tool to use to get a picture of your credit profile for free is available at www.annualcreditreport.com. This is a site supported by all three credit repositories, Equifax, Experian and TransUnion and you can get one free report per year. Get your report and look carefully for mistakes, which, unfortunately are all too common with credit reporting.
Many homebuyers looking at existing homes do so with an eye toward remodeling. Whether it’s the kitchen, bath or master bedroom, it’s nice to add a personal touch. But what about so-called “return on investment” questions? What upgrades offer the highest return? There’s a great report updated for 2017 that provides average cost and average resale for various projects.
What about local demographics? What about schools, crime rates or lifestyle choices? For more demographic data than you’ll ever use, you need to check out Neighborhood Scout. Enter your desired zip code and click the category you’re interested in.
Finally, the best tool available is your loan officer. There is so much information on the internet that sometimes it can be a bit overwhelming. Too much data and after a while it’s just a jumble of numbers. That’s when it’s time to pick up the phone and call us. We can help sort things out for you and help guide the way when you’re ready.