BUYERS HOME | The financing | Finding the right home | Contract negotiations | Celebrate a closing

Most people have to take out a loan to buy a home, so you'll want to make sure you are approved for a loan before you start looking at homes. Talk to a lender before beginning your search. You'll want to be prepared to make a purchase offer as soon as you find a home you like.

Get copies of your credit report. If need be, clean it up. Remember, the higher your credit score, the better your loan interest rate. And the lower your interest rate, the more home you can afford. You should check all three major credit reporting companies: Experian, Equifax and TransUnion, as each may have slightly different information.

Find a lender in your area

Ask friends and family if they have worked with someone they were happy with, they can share their experience and provide you with names. Or, please contact me for trusted lenders in your area.
Jane Haynes 847.337.4599
janehaynesrealtor@gmail.com

Choosing a local lender offers many benefits: they are invested in the community, they know if they don't provide quality service that word spreads quickly. Many local lenders do not resell their loans so they can be more flexible with qualifying criteria. You have a person you can speak with face-to-face, and a manager on site. Try to stay away from internet lenders.

When you contact a lending institution, tell them you are interested in getting prequalified for a mortgage. This process can usually be done over the phone, and there should be no fee or obligation attached to it.

BUYING A HOME
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