Buying Real Estate in La Grande Oregon
Buying a home can be an exciting or scary time but with the right knowledge and
1. Make sure
There is nothing more stressful to the buying process then not knowing whether you really can afford the home. There are costs that might pop up along the way and not being prepared can cost you time and energy. Here are some things to get in place before applying for a loan.
- Copies of your credit report
- Fix or correct any mistakes on the report
- Have a reserve fund set aside
- Get your credit score up if not already
- Have earnest money and/or down payment
- Don't rack up any additional debt during this time
2. Know what you really want
You might start looking for homes before you do #1 but that only brings heart ache and frustration. Once you know your finances, talk with a lender about the type of home you can afford. Then stick to that budget. Going over will again only bring you stress and frustration. Make notes about what you need, what you want, what you will not stand for and what you can tolerate.
3. Shop around for the right loan
Unless you are one of those few people in the world that can buy a house with cash (In which case, you probably won't be reading this) you will probably need a loan. Feel free to shop around and don't worry about your credit getting hit every time you sit down with a lender. Let them know you are shopping around for the best deal and they need to give you their best rate and fees. There are a lot of small fees and costs built into the loan and if you don't understand something please ask. Which brings us to the next tip.
4. Don't sign anything you don't understand.
So many La Grande buyers, especially
With these simple tips, you can be sure to set yourself up for home buying success. Our agents are