Prepare to Own

 Examine Your Financial Picture | The Loan Process | Expenses to Save For

 

A house is more than an investment; it is a place where you live, sleep and make memories. While some purchase properties as investments to flip or to rent, buying a primary residence is usually the first type of property people buy. Carol Cammarata offers many years of experience to help fulfill your homeownership dreams. Here she shares her expertise to help you prepare to own a home.

Examine Your Financial Picture

Assess the current state of your finances. Do you know your current credit score? Credit scores help determine the interest rate of your mortgage loan. Generally the better the score, the better the rate. It may be worth a lot of money to get your credit score up before trying to purchase a home. Learn more about credit help here.

Prequalify for a Mortgage Loan

Getting prequalified (or pre-approved) for a mortgage loan is an important part of the home buying process. Mortgage loan information is needed on the offer you make to purchase a home, unless you are buying with cash. Working with a lender to get prequalified for a mortgage will also help you determine how much house you can afford to buy, important information for when you are house hunting. Learn more about prequalifying for a loan and choosing the right loan product here.

Expenses to Save For

Before you even begin home shopping, you should know all the costs involved with purchasing a home. You will need a down payment on the home – your type of mortgage will let you know how much you need to put down. In Missouri, earnest money is given at the time of making an offer on a home. Also, there are several types of home inspections you can purchase so you know exactly what you are buying. When you close on the home there will be closing costs associated with the mortgage and title companies. Finally, you may incur moving expenses, especially if you have a lot of items to move or are moving a great distance. To learn the details of all of these expenses click here.

Carol Cammarata knows that informed buyers enjoy the home buying process more and have better results in finding the home they want quicker. She strives to keep her clients ahead of the game with the latest information on the real estate market and home buying process. Contact Carol if you have any questions about buying a home or need professional assistance to make your homeownership dreams a reality.

 

 

 

Berkshire Hathaway HomeServices Select Properties in St. Louis offers an easy one-stop mortgage service through our partnership with Preferred Home Lending that allows you to interact directly with loan officers located in our branch offices.
Select Leasing & Management offers a multitude of leasing and property management services with superior service to both renters and landlords.
Gain valuable peace of mind and avoid unnecessary expenses by utilizing one of HSA Home Warranty’s comprehensive home warranty programs.
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