The New Year is a traditional time for dreaming big and reorganizing your life. Many people dream of buying a home, so why not add this big step to your list of resolutions in 2015? Rick and Robin, are experienced real estate agents in Columbus, recommend you start preparing for this major process now so that everything goes smoothly once you’ve found your dream home.
Here are some important things to keep in mind when looking to buy a home:
- A little time spent reviewing your credit report now might save a mountain of frustration later. Credit reporting agencies frequently make errors, so your report might note late payments or other behavior which aren’t actually yours. You can usually have these corrected with a simple form sent to the original creditor. Also, a lot of people think closing credit accounts will increase their credit score, when it often actually has the opposite effect!
- You should also start gathering together your financial records and other important paperwork, including copies of your income tax returns, WS Form, pay stubs, bank and investment account statements, recent credit card statements, and any divorce decrees or child support documents.
- Gathering those documents can help you craft a sensible budget to keep in mind before you start shopping. Even though a lender may offer you a larger loan, it doesn’t mean you should accept it if the monthly payment is more than you can comfortably afford.
Buying a home is a complex process, but a little preparation will go a long way toward simplifying things. Visit Rick and Robin online to view homes for sale and start dreaming now.