Steps to Buying a House
Buying a house requires a lot of time and effort, but CORI LLC can help make the steps to buying a house manageable and help you make the best decisions possible. Click Here for a Free EBook on how to buy a house.
Our home buying experts are reading Web sites, newspapers, and magazines that have real estate listings on a daily bases. We are making notes of particular homes you are interested in and seeing how long they stay on the market. Also, we note any changes in asking prices or market changes. This gives us a sense of the housing trends in specific areas, so we can better help clients understand the real estate market.
We have established relationships with lenders that can secure financing for buyers with a credit score starting at 580. We generally recommend that people look for homes that cost no more than three to five times their annual household income. If a home buyers plans on making a 20% down payment and has a moderate amount of other household debt.
But you should make this determination based on your own financial situation. To use our Affordability Calculator Click Here to see how much house you can afford.
To help you save for your down payment, try paying into your housing fund, before anything else, which makes it easy to put aside money each month. There are also down payment assistance programs available on some of our homes for sale.
Before you start looking for a home, you will need to know how much you can actually spend. The best way to do that is to get pre-qualified for a mortgage. To get pre-qualified, you just need to provide some financial information to the mortgage banker, such as your income and the amount of savings and investments you have. The lender will review this information and tell you how much they can lend you. This will tell you the price range of the homes you should be looking at. Later, you will get pre-approved for your mortgage, which involves providing your financial documents (W-2 statements, paycheck stubs, bank account statements, etc.) so the lender can verify your financial status and credit.
CORI LLC uses the same home mortgage lending process when selling a Columbus OH house. The difference between traditional mortgage lenders and CORI LLC is we don’t have a board of directors or share holders to please. CORI LLC uses private notes and mortgages to financing the Columbus OH Homes we finance for home buyers with 580 credit
To learn the steps to buying a house and start the process Click Here
Real estate agents are important partners when you’re buying or selling a home. Real estate agents can provide you with helpful information on homes and neighborhoods that aren’t easily accessible to the public. Their knowledge of the home buying process, negotiating skills, and familiarity with the area you want to live in can be extremely valuable. And best of all, it doesn’t cost you anything to use an agent – they’re compensated from the commission paid by the seller of the house. CORI LLC provides a buyer’s agent that works for you and can help you understand the steps to buying a house.