M-F 9AM to 5PM

or by appointment

1915 South Jackson

Jacksonville, Tx 75766

903-589-8888

hp@hp-realty.com

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Things Every Homebuyer Should Know

Finance Credit Score

Step one of buying a home or property is knowing and understanding your credit score. You can request view your credit score using free services such  as CreditKarma or Annual Credit Report. Knowing and understanding your credit score can help you better discuss your situation with lenders as well as recognize any reporting errors. The higher your credit score, the lower your interest rate.

House

It is important to set a budget when purchasing a home or property. Look at your finances and decide how much you can afford to pay each month on a mortgage. Use online mortgage calculators like the ones on our properties to estimate how much you want to spend on a house. It is important to know how much you are willing to pay, not just how much your lender approves your loan for. Begin looking at houses in the neighborhoods and areas you are interested in to see how much properties are listed and selling for.

The right real estate agent is key to the success of your buy or sell. You need to partner with a real estate agent that is easy to work with, friendly, and knowledgeable. The level of expertise matters. They should know and understand the areas, current market, and home values. The right real estate agent can help you navigate the paperwork, offers and counter-offers, listing prices, and negotiations. You and your real estate agent will inevitably spend a lot of time together, so choose wisely. Homes and Properties offers a team of qualified, experienced, and professional agents to make your home buying and selling experience a breeze. Give us a call today to set up a meeting or learn more about our team.

Homes and Properties

Meet with a lender such as a bank, mortgage lender, or credit union to get a letter of pre-approval. This is an important step in the property buying process and should be completed very early in the process.

Pre-approval requires the lender to pull your credit information and asses your financial situation. The lender gives you a letter stating how much they are willing to lend you. Many real estate companies require this letter of approval before showing homes or properties.

You are not required to get a loan from the lender who you get a mortgage pre-approval from. When it’s time to apply for a mortgage, it’s best practice to get loan estimates from at least three lenders to compare their interest rates and fees. Lenders offer different rates and closing fees.

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