House shopping is a stressful endeavor for anyone, especially first-time homeowners. With so many factors involved in selecting a home, it’s easy to get overwhelmed. After all, buying a house is a long-term investment, you want to make the best decisions possible. The most important decision that can help you in your home ownership journey is when you begin your search.
When is the Best Time to Start Searching for a House?
The late summer and fall months are the best times to look for a home. With most homebuyers flooding the market in spring and early summer, waiting until August or September means plenty of houses with great deals will still be available without as much competition. This translates to sellers who are more willing to negotiate on price and mortgage brokers in Boca Raton will offer you the best rates.
Should I Get Pre-Approved for a Home Loan Before I Start Looking at Houses?
Realtors and home sellers don’t want to waste their time, and neither do you. Having a pre-approved home loan from a mortgage broker in Boca Raton helps put sellers at ease and assure them that you are serious about purchasing a home. Pre-approval for a home loan also means the home buying process will go faster. A faster close means you can begin the next chapter of your life as a homeowner sooner.
How Do I Get Pre-Approved for a Home Loan?
Mortgage brokers in Boca Raton look at multiple factors when considering your request for a home loan. Income, credit score, payment history, and even the current realty market can impact your approval and interest rates. You can increase your likelihood of getting a mortgage by raising your credit score and maintaining a good payment history.
Boca Raton mortgage brokers like Ace Mortgage Loan can help you guide through the home buying process, beginning with the mortgage application. With options including conventional, private equity, and loans for veterans, we have a home loan that will work for you.
What Should I Do Once I’ve Been Pre-Approved?
After pre-approval, begin your search for the home of your dreams! Keep your mind open to your options with your primary needs as a priority. Know how much space you need, including an ideal number of bedrooms and bathrooms. Do you need space for communal areas, or are you willing to sacrifice that for larger bedrooms? Also, be mindful of your commute to work or school as well as accessibility to food and emergency services.
Why Choose Ace Mortgage?
Ace Mortgage is dedicated to you and your home buying journey. We prioritize trust and transparency above all else, ensuring you are well informed and understand all your financing options. Because we take the time to learn your specific needs, we find the best home loan for you and your finances.
Unsure if you qualify? Talk to a Boca Raton mortgage broker at Ace Mortgage to find out what options are available to you. We’re available 24/7 to answer any questions you may have.