Things to consider when buying a home:
Working with professionals
Just because your neighbor’s uncle is a Mortgage Professional doesn’t mean he is best qualified to help you finance the home of your dreams. Keep in mind; you are going to be spending quite a bit of time consulting with your Mortgage Professional and Realtor to locate your needle in a haystack! Just as important is how your Mortgage Professional and Realtor work together. A lot of things have to happen in order for you to get the keys to your new house, see this work flow chart to understand how you, your Mortgage Professional and your Realtor all need to work together. At Envision Capital we have worked with hundreds of Realtors in the Twin Cities and Greater Minnesota providing smooth transactions for our clients.
How is your credit?
Your credit report is highly important to your home buying process. However, many times they are filled with inaccuracies.
Before your pre-qualify for your new home mortgage, a thorough credit review with your Mortgage Professional is a must.
At Envision Capital, our dedicated staff will help you review, and if necessary, correct any mistakes on your credit report.
Buying vs. Renting
Depending on your situation, it might be time to buy the house of your dreams, or it might be better choice to save for your down payment one more year. There are lots of things to consider. How long are you going to be living there? Is your income going to change dramatically over the next year or two? The bottom line is by consulting with Envision Capital, we can help you make the best decision for you and your family. We prefer to build lifelong relationships, not be a stop for a onetime transaction!
How much do you have for a down payment?
Different loan programs have different down payment requirements. At Envision Capital our loan officers have strong backgrounds in finance and accounting. We will evaluate your individual situation and advise you of your options so you can select the right product for your family’s needs.