Are you a Young Couple? Here’s what you Need to Know Before You Buy

Every young couple’s dream is to be able to buy the home of their dreams. Despite what a lot of people would like you to believe, it’s more than just a dream, it can be a reality. Through careful planning, mindful spending, aggressive saving, and the right information you can buy the home of your dreams. Conventional home loan rates in Fort Lauderdale are available to assist you on the way to your dreams. But there are a few things you should know before buying a home this year.

Don’t Open Any New Lines of Credit

As tempting as new lines of credit may be, like that new store credit card that’s offering you 20% of your purchase or the other one that’s offering you 50,000 points and free flights, just say no. If you’re thinking about buying a new home, you’ll likely need to apply for a conventional mortgage loan in Fort Lauderdale. The more lines of credit you have open can affect your application process and potentially jeopardize the application process. What may save you a few dollars today, might cost you thousands in the future. Besides, do you really need that store card?

Check your Credit Score

You might think you’re good on your credit score. However, many people are surprised to find small medical bills and other missed payments on their score. How does this happen? Especially when you’re so careful? Well, between the change of addresses, life happening, and genuine oversights, it’s pretty easy to forget a one-time bill. Good credit is the key to getting the best rate on your mortgage loan. If you find that your credit score falls short, it’s time to start working on it. It is possible to fix your credit, so don’t sweat it.

Conventional home loan rates in Fort Lauderdale

Find a Mortgage Lender

Nationwide home loans are available but you want to make sure you’re using the right home lender for your goals. The right mortgage lender will determine if you can even afford the homes you’re thinking about looking at and buying. A lender will help you determine how many homes you can afford and can connect you with potential real estate agents and overall assist throughout the buying process.

Keep an Eye on Interest Rates

Every other day you’re probably hearing contradicting statements on current interest rates. Some days they’re higher than ever, while on other days they’ve hit historic lows. The news loves to sensationalize things. That’s why it’s important for you to do your own research. NHL lending can help you find out what interest rates are in your area and how to help you get the best interest rate for your budget.

Interview Real Estate Agents

Not all agents are created equal. Some agents are going to understand you and your needs and want to a T, while others may fall short. The home buying process doesn’t have to be a lengthy one. When you prepare properly and do your research prior to starting then you can move the process along quickly. Start interviewing real estate agents in your area to see if you click. It’s okay if you don’t, you aren’t going to click with every agent. And frankly, you shouldn’t. You’ll know when the agent is right for you.

Buying a new home is an exciting time for young couples. Even though it’s a major responsibility, it’s a major marker of a new chapter in your lives together. Being able to call a house your home is something everyone should be able to experience in their lives. With conventional mortgage loans in Fort Lauderdale, that dream is possible for everyone. Buying a new home doesn’t have to be a major stressor. With proper planning and the right information, you can easily and quickly buy and move into the home of your dreams. Whether you’re ready to start looking and buying or just simply thinking about it, it’s never too early to get started. Start setting the wheels in motion today for the home of your dreams tomorrow. You’re going to love your brand new home in your new neighborhood.