First Time Home Buyers- Getting Pre-Qualified

If you have made the decision to purchase your first home, Congratulations!

Home ownership has many advantages and benefits, and you are in a perfect

market to find the home of your dreams.

Before you employ the services of a Realtor®, there are several steps that you

will want to follow to make sure that the purchase of your new home is as smooth

as possible.

One of the first things you'll want to do is to find out how much you can afford

for your new home.

Getting pre-qualified by a qualified lender is one of the first things that you can do to

get the ball running. 

There are many reasons why this will give you an advantage;  

• Pulling a credit report will give you the chance to correct any errors that might appear.
• Shopping for rates will give you more knowledge about rates, fees, and the monthly payment you will be making and more.
• Knowing how much you can afford gives you bargaining power when you do find the home you would like to own.
• Pre - qualification will allow your Realtor® the ability to know in advance which homes will suitable to show you.

What should you look for when shopping lenders for a competitive rate?

The U.S. Department of Housing and Urban Development offers a free brochure that you can download, with information that can

answer many of the questions that you might have.  You can download the pamphlet here.

Once you have obtained a pre-qualification, and know how much you can afford, it is time to hire a Realtor®. 

Having a Realtor® negotiate on your behalf, with your best interest in mind is one of the best ways to ensure that your first home purchase

 is a wonderful experience.

Related Posts to this topic:

• Common Mistakes Smart People Make When Buying Their First Home     
• First Time Home Buyers - Consider Five Reasons Why You Should Buy     
• First Time Home Buyers - Find Out How Much You Can Afford        
• First Time Home Buyers- Getting Pre-Qualified 
• Buying Your First Home? Find A Great Buyers Agent!
• First Time Home Buyers- You've Hired A Buyers Agent- What's Next?
• First Time Home Buyers: You've Found The Perfect Home - Make An Offer

Forbes.com offers the follow video tips for  the first time home-buyer: View The Video

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541-466-5094 Office  •  541-936-1630 Cell • 106 W Bishop Way, Brownsville OR 97327

Written By: Alecia A. Barnes -Proud to be a Realtor® in the State Of Oregon - Serving Albany, Brownsville,

Corvallis, Eugene/Springfield, Halsey, Lebanon, Sweet Home, and the surrounding areas. If you are thinking of

moving to Oregon, or are looking to list or buy property, give me a call, I'd love to help. Contact Me For A FREE Homebuyers Booklet!