Smart Buyers: Smart Tools!
The process of buying a home can be boiled down to three basic steps: 1. First you qualify for the amount of money you will need to borrow (credit approval) followed by 2. Finding a property you like and can afford, and 3. The final step of 'closing' which brings everything together and you get the keys. While this may sound easy, there is a lot of paperwork and communication required along the way. All banks and lenders now observe 'safe and sound lending' practices. These guidelines are not new; but they are more regulated. It's all good ! Everyone wants to be sure you are informed of all you consumer rights while making such a big financial decision. Before you even start on the Credit Approval process, it's a great idea to put things into perspective. For example, what are you now paying for rent and what do you think you could afford for a house payment? Have you established good credit habits? Is your employment history stable? Fortunately with al