By nbkc bank
So you’re looking to buy a house. We’re excited for you – but also recognize you might have a lot of mixed feelings right now. Confusing terms, rates and steps can definitely make this feel like a tall order. It is a bit daunting — this will (probably) be the biggest financial purchase you’ll make, after all. But nbkc has plenty of lending expertise to help you stand out. Let’s get you on our way to your first home.
Before you even begin looking: prepare, prepare and prepare. What does that entail? The short answer: have strong financial stability. Don’t freak out — you likely already have that going for you. Here’s what we recommend you have prepped:
Now that you have a mortgage lender in mind – it’s time to apply for pre-approval. You may be asking yourself what that even means.
Essentially, a pre-approval letter is a document from a lender stating that they are tentatively willing to loan you a specific amount. It isn’t a guaranteed loan offer but it helps you stand out and shows sellers you have the funds for an offer ready to go. Simple enough, but keep these considerations in mind:
You’re ready to pick a realtor, start looking seriously and make offers. Here are some tips to keep you on the right track while also making you stand out as a buyer.
It’s a hot market out there. People are selling and people are most definitely buying. While it is competitive out there, you’re in the right place to make your offer stand out. Follow these tips and you’ll have sellers doing double takes.
Feeling better? We hope so. This isn’t a comprehensive guide, but rather a start. We have plenty of knowledge at nbkc to continue answering any questions that come up.