Here Are 8 Things Important Facts About Home Buying via @homebidz

What You Need to Know About Credit History & Pre-Approval

Click Here for Family Support

When you credit score is in order, you can look for a lender. You should research and interview a few lenders before deciding on one. Each one will carry different rates and offer various timelines and procedures. The home buying process can be daunting for any first time home buyer. The important thing to remember is that there is a way to make is easier.

The Pre-Approval Process

The pre-approval process has become more popular in the last couple of decades, so if you are a current homeowner but are back in the market, you may find this a bit daunting. Pre-approval, however, can actually be a time-saver for you. By already being pre-approved, you (and the sellers and agents) have the reassurance that when you look at a home, you have been pre-approved for a loan up to a certain amount. This can create peace of mind for everyone.

Check Your Credit History

Checking your credit history early on in the process and getting pre-approved can make for a stress-free, home buying experience. Your credit score and history determine a lot of things throughout the home buying process. It will determine your qualifications for a home loan and that can lead, as an example. Take a look at what your credit score is and research the credit score requirements for the type of loan you want to apply for. After knowing your credit score, you will know whether or not you need to take the time to improve it.

If you are trying to improve it, look at your credit history. It will show you your debts and you can see where you can start paying off the most important ones.
 Gaining pre-approval opens up a world of opportunities in home buying. Your search will be easier when you know that you are getting a guaranteed mortgage. You can search with more confidence and gain an advantage when it is time to make an offer on a home.

Click Here for Family Support

Latest Posts

The Art of Changing Realtors When You Need to via @homebidz

The Art of Changing Realtors When You Need to

First Time Home Buyers Click Here Finding a realtor can be kind of like dating. There are a ton of them, each with their own set of pros and cons, different areas of expertise, etc. So, when you start forming a...
Loans, Fees, and the Real Cost of Owning Your Home via @homebidz

Loans, Fees, and the Real Cost of Owning Your Home

Need a Home Loan? We know this may come as a shock, but that home that’s for sale for $350,000 will actually end up costing about $575,000 over time. How? Between the interest rates, insurance, property tax, and...
Rent to Own vs. Traditional Mortgages via @homebidz

Rent to Own vs. Traditional Mortgages

Need an FHA Loan? It’s no secret that most people seek out rent-to-own home options over traditional mortgages because of credit issues: either their credit is fair or poor or simply just unestablished. Depending...
Why Does My Credit Matter? via @homebidz

Why Does My Credit Matter?

Click Here to Look at Bad Credit Home Loans Honestly, if you have less than perfect credit, you can still potentially buy under a rent to own option, but you still have to get financing at some point, so you'll need to...
Taking the First Step on Your Rent to Own Journey via @homebidz

Taking the First Step on Your Rent to Own Journey

Looking for Rent to Own? When considering a rent to own journey, there certainly are a couple different choices. Each requires the rental property itself, two authorized documents, and then -- sometimes -- an...
Simple Ways to Save for Your Down Payment via @homebidz

Simple Ways to Save for Your Down Payment

Need Family Support? There are a lot of different ways to purchase a home. You can get creative and try owner-financing, or even buying a home at an auction. For the majority of us though, we’re still using banks and...