Home Buying Guides

Home Buying Guide

Either greatest mistakes a person can make when starting the steps in the process of buying house, is to go out shopping for a house before they get pre-qualified for house loan! Most people are so caught up in the joy of spending for their new house that they do not aware that they put the cart before the horse. They may spend hours of their time and their agent’s time looking for which perfect house, only to know that they not eligible for a house loan due to several unpredictable problems or new guidance.

So What’s The Big Deal?

Well, the obstacle is that everyone wants to have an enjoyable house purchasing experience, however if the buyer starts the process by searching their house before obtain pre-qualified, so they run the risk of making house purchasing process much harder and potentially frustrating for the buyer, real estate agent , sellers and even your loan officer.

Home Buying Guides

Let’s play out the scenario so that you can view what can occur if you search the house before find out whether you are qualified to buy the house:

• You go out and find the perfect house you have always like to only to learn that the lender can not prove that you are able to afford it. How does that make you feel? Are you furious? Certainly you are!


• So right now you are furious! you are furious at the lender due to he / she can not make you are obtain your house loan to buy a good house and you are only fall in love with. You are furious at the realtor to lead you into this house that you can not afford. All parties involved are now furious over circumstances that could have easily inevitable.


• Now that you have found the perfect home you can’t buy, you can’t get it out of your mind. Nothing else you look at in the price range will compare. Now, instead of having a pleasant buying experience, it has turned into a disgruntled experience for all involved.


• More than anything, you have brought undue stress upon yourself. You have created a situation for yourself that could have been easily avoided if you would have known the best practice when buying a home.

So What Should You Do?

Get Pre-Qualified FIRST! Put the horse in front of the cart where it belongs. Before you ever begin looking at homes and meeting with your Realtor, meet with an experienced mortgage consultant who can get you fully pre-qualified. Make sure you choose a mortgage consultant who is not only willing, but able to educate you so you understand the entire loan process and all the options you have available to you. Once you have met with your mortgage consultant, you should have a much better idea of what you can afford, what kind of loan you qualify for, and feel much more relaxed as you go out shopping for your new home!

By getting pre-qualified first, you will now know how much home you can afford. It will also speed up the loan process, because your mortgage consultant will already have your information when you do find a home. Now, you will be able to meet with your Realtor, tell them what kind of house you are looking for and what your mortgage consultant has pre-qualified you for. This will make their job much easier in finding you the best home for your money.

I can’t stress enough how following these steps in the home buying process will make your home buying experience an easy and effortless process. Just be sure you find a qualified mortgage consultant who has your best interest at heart. Not a salesman, but one that is truly interested in making the home-buying task as painless as possible for you.

Buying a home can be a joy! Just make sure you know what you can afford before you start shopping. You will be much more relaxed and confident and it will allow everyone involved the ability to get you into the home that you want on the budget you have.

Please also check out my other post on: Bank Owned Homes and Chicago Home – Home Sales | Home Buying | Properties at SellHome-Now.com

Home Buying Guides