Here are some steps to take to get yourself organized and focused on the task at hand.
1.Gather your financials-Request your credit report from Equifax, Experian, and TransUnion. Make sure that it is accurate and there aren't any errors. Next, compile all of the documents you may need to present to a loan officer: pay stubs, bank statements, and previous years' tax returns.
2.Research Mortgages- There are many online tools and sites that allow you to comparison shop from the comfort of your own home. You will be able to look at a diverse group of reputable lenders in all 50 states, ranging from small providers to larger well-known companies. You can also read lender reviews and ratings that may help you determine which lender is right for you. You will be able to receive a personalized quote and also find out if you qualify for a special loan such as a VA loan or any special home buying financing options.
3-.Explore Neighborhoods-Investigate various areas you think you would like to live. Take in to considerations all of your needs-commute time, school districts, near by shopping, etc. Consider checking out bordering neighborhoods for additional options.
4.Make a List- When you start to look at so many homes it can be hard to stay focused on what you really need and what you can really afford. Take some time to write a "must-have" list. You can than add options that would be nice to have also. Knowing what you need in your home with help you and your agent narrow the search and help to navigate the home buying process easier.
5.Find an Agent-This is one of the most important steps of the process. Ask friends and family for recommendations. Research agents online. Be sure to read their ratings, profiles and reviews. In the end you want to pick and agent that specializes in the type of house and area that you are looking to buy in.
6. Start House Hunting-You ready to take the next step to finding your dream home!
What type of home are you looking for? There are many choices out there so it is important that you have an idea of what you want and need before you begin looking. Consider making a checklist of amenities that are essential and those that you would like in your new home.
The list below may help you clarify your thinking on what is important to you when you are ready to purchase. Ask yourself the following:
• What neighborhoods would you like to live in?
• What price range do you have in mind?
• What type of home interests you? (one story ranch, 2 story town home, etc)
• What style appeals to you? (Contemporary. modern,etc)
• Are schools a factor?
• Do you need to be close to public transportation?
• How many bedrooms and bathrooms do you need? How many do you want?
• What other interior features are important to you? (fireplace, separate family room, formal dining, home office)
• What about exterior features? (porch/patio, garage, yard size)
• Are there any special features you are looking for in a home?
Use this checklist as a start to help you discover what you want in your home. Cumberland County and the surrounding areas, including Fort Bragg, have large variations of home styles and price points. The right home is out there for you!
When you are ready to start your search, I will be happy to help you find the home of your dreams. My goal is to make this a smooth and enjoyable experience for all. Please feel free to all or email me when you are ready to start looking. I welcome the opportunity to help you!
Do you love your landlord? I know that he loves your monthly rent check, after all- it pays for his investment property. Most people don’t realize that they can own a home for less than what they are paying for rent. This is even truer with interest rates still so low. When you write out your rent payment – the money is gone forever. When you make a mortgage payment – it is an investment in your future. You can also deduct the cost of your loan interest from your federal income taxes, and usually from your state taxes. Since the interest makes up the largest part of what your payment is, you will see quite a bit of savings at tax time. As a homeowner you can also deduct the property taxes that you pay each year. Cumberland and the surrounding counties have hundreds of affordable homes that are perfect for first time home buyers. A real estate professional can help you through the process and connect you with a lender that can tell you exactly what price home you may be qualified to purchase. This is a great time to purchase a home. Think about using your income tax return as a down payment and make that dream come true.
The North Carolina Housing Finance Agency helps make home ownership affordable for eligible home buyers – whether buying for the first time or moving up – with the N.C. Home Advantage Mortgage™, which offers competitive financing and forgivable down payment assistance. First-time home buyers may also qualify for a Mortgage Credit Certificate, which can reduce your federal taxes by up to $2,000 for every year you live in your home.
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