The first step in the home-buying process is making some key decisions. Answering important questions early, like how much home you can afford, what type of home you want to buy and other key considerations, will help smooth the process later on. And if you ever find yourself feeling lost, a PrimeLending loan officer is always here to offer further guidance.
STEP 1: Choosing Your Home Ownership Goals
The home-buying process begins with some key considerations that will ensure that you start this journey on the right foot.
Are you sure that buying is the best option?
While buying a home may seem like it is always the right decision, it might not necessarily be the case for everyone. For some, renting is the more prudent option. Once you compare buying vs. renting, you are ready to make the best decision for your current situation.
Once you have decided that purchasing a home is right for you, you next will want to think about how much home you want to own. Knowing what you can afford in a home will help focus your search. How much space will you need? How much space can you afford? Answering these questions honestly will help you find the right home for your needs.
What type of home do you want to own?
Now that you know what you can afford, you can determine what type of home best fits your needs. Consider the differences between a single-family home, a condo and other housing options. This will help save you time and frustration in your search.
Ask the Experts
The home-buying process is a major investment, of both time and money. Working with the right loan professionals will make the process infinitely easier on both your peace of mind and your bottom line. They key is to put together a team that you trust will have your best interests at heart. PrimeLending has become an industry leader by doing just that.
Go to Step 2: Laying the Foundation