THE STEPS OF THE BUYING PROCESS
The buying process looks different for everyone! Whether you’re just starting to think about it or ready to make a move, buying a property comes with a lot of questions. Our job is to answer those questions. First, we’ve created an overview of the entire process to help you prepare and get started. From here, your North Group Team Partner will work with you to build a customized plan based on your goals.
GETTING PRE-APPROVED
TIPS FOR PRE-APPROVAL
Before you start looking for a home, you need to know how much you can spend. Getting your mortgage preapproval is the very first step in the process - and it’s never too early to start! It will strengthen your position when you’re ready to submit an offer and help you focus on opportunities in your price range. Consult with your bank and/or a mortgage specialist who will look at your current financial situation and preapprove you for a mortgage within your budget. This pre-approval will typically be valid for 120 days.
1. Be prepared with your documents.
Tax records, income statements and IDs are just some of the items you will be required to provide.
2. Consider all your sources of income.
Income from rent, monetary gifts from family, and more are all something to consider.
3. Get your pre-approval in writing.
4. Ask us for recommendations.
If you don’t have someone to help, we would be happy to introduce you to one of our preferred partners.
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