Home-Buying 101

Home-Buying 101 is a comprensive program designed to get YOU in a new home as quickly as possible.

Steps

1) Determine where you stand:

      - Complete on-line application

      - Run Credit Check

      - Evaluate Credit Report

2) Get Pre-Approved or Get a Credit Repair Game Plan

      - If Credit is approved:

              - Determine maximum and comfortable Payment Amounts

              - Determine maximum and comfortable Down Payment Amounts

      - If Credit needs repair:

              - Evaluate information on Credit Report

              - Determine if information is valid and correct

              - Devise Game Plan to correct false information

              - Devise Game Plan to improve correct, negative information

3) Calculate Ratios

      - Loan-to-Value Ratio

      - Debt-to-Income Ratio

      - Housing Ratio

4) Understand Program Options

      - Review various mortgage programs

      - Determine payments for each option

5) Determine Purchase Price

      - Calculate Max Price you can qualify for

      - Calculate Comfortable Payment Price

6) Select a Real Estate Agent and Begin your Search!

      - If you already have an agent we'll provide a pre-approval letter

      - If you don't have an agent we'll recommend one!