Wondering what it takes to buy a home? Here are the main steps in the home buying process.
First and foremost, you should get a preapproval letter to know exactly how much you qualify for. You don’t want to set your sights on a home that’s out of your price range. Getting preapproved will also give you better direction when you’re starting the next step of the buying process: finding your perfect home.
When you’re looking for a home, you should connect with a real estate agent to get all of your goals aligned and help you find the home that’s right for you. When you’ve found what you’re looking for, you’re ready to make an offer. Once your offer is accepted, both parties will work together to draft the purchase agreement, which will need to be signed by both the buyer and the seller. You’ll take this agreement to your lender. Then your lender will begin the underwriting process, where you’ll work on getting fully approved for your mortgage. The best way to be prepared for this process is to have all the correct documentation ready to go. To find out more, watch our video or visit QuickenLoans.com. If you’re ready to get started, apply here.
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