Residential & Commercial
Real Estate Buying
Erie Shores Realty Wants to Work with you!
Learn more about
Deciding to Buy
Before deciding to buy, calculate your current debts. Determine how much cash you have available for a down payment. Then decide on a budget for your purchase.
Steps to Take
Once you have determined your budget, contact a lender and take the steps to get pre-approved for a mortgage.
Find an Agent
Look for an agent you communicate well with. An experienced realtor will prioritize your needs and will have up-to-date knowledge of the current market.
Deciding to Buy
Why do you want to buy?
Has your income grown?
Find the House that Fits You!
From frustrating morning commutes to expensive monthly mortgage payments, it is time to let go of the stress of your current situation and let us help you find your perfect fit.
Steps to Take to Prepare
Credit score ratings have a significant effect on your ability to obtain a mortgage loan. Your score will determine your price range, interest rates and mortgage loan terms as well. Assessing your current credit score can help you determine if you have a sufficient credit score needed to buy a home. You can then take steps to improve your credit score and increase your chances of obtaining the mortgage you want with terms you can afford.
When applying for a mortgage, lenders look at your previous two years of filed tax returns to calculate income for a home loan. Even if your income may have recently increased, if the new income in not on your most recent tax return, it will not be considered.
Having a plan to put aside money for buying a home is essential. Whether you are putting down 20% or 5%, the cost and fees of buying a home can add up quickly. Being prepared can greatly ease stress when you are ready to buy your new home.