FINANCING STEPS
1. GET WITH A LENDER
Ask your Corison Realty agent for a list of preferred lenders, free of charge.
During this process, your mortgage lender will ask you to complete an application, provide documentation of assets and debts, and stay in close communication so your experience will move forward smoothly.
2. CHECK YOUR CREDIT SCORE
Credit scores range between 350-850. A good lender should be able to find a loan that is right for you and provide information on how to improve your credit score, if needed.
3. SAVINGS
You will need monies for your down payment, closing costs, and other expenses such as inspection fees. Depending on your loan type, some of these expenses may be covered.
4. MAKE GOOD FINANCIAL DECISIONS
Avoid purchasing big-ticket items without first consulting your lender.
5. GET PRE-APPROVED
Getting pre-approved will help you to know exactly what you can afford, and can also help win a multiple offer situation when compared to other potential buyers without a pre-approval letter.
6. CLOSING
Once your lender is ready to “close” your loan, you will be asked to review and sign final loan documents.