Whether you’re a first-time home buyer or someone who has purchased before, the timeline of events can often be confusing. We’re here to help! Our simple infographic will be revealed over the next few weeks, and it outlines the entire process of purchasing a home. Below you’ll find the second step, and remember to check back often as we continue to complete this infographic.
1. Determine your objectives. Read more about determining your objectives in Part 1 of this series.
2. Financial qualification. It is important to determine your mortgage loan options as you begin your home search. A Shorewest real estate agent can help determine if you may be a good potential home buyer, but it’s even more important to get pre-approved by a qualified lender like Wisconsin Mortgage Corporation. To determine if you qualify for a home loan, a loan officer will want to look at your credit report and discuss your current financial situation. For an in-depth description of the pre-approval process, read My Best Advice to Homebuyers, an article from Wisconsin Mortgage Corporation Vice President John Inzeo.