Are you planning to buy a home at the Lake of the Ozarks in 2022? It's not too early to start preparing for your big purchase! Our team of mortgage lenders in Osage Beach, MO is here to make the process easy. Check out some of the steps you can start taking now to ensure you are ready to buy this year.
Start Saving for a Down Payment
A down payment is a lump sum of money that a buyer has to pay outside of the loan. This shows that you are a serious buyer. Making small changes to your current budget can allow you to save for a down payment faster.
Take Steps to Improvement Credit
Check in on your current credit health and if there is room for improvement, start taking those steps today. A healthy credit score can be achieved by making sure you pay your bills on time, paying down high balances on credit cards, and making sure your debt to income ratio is in a good place.
Work With a Mortgage Lender to Get Pre-Approved
A pre-approval is when a lender approves you for a loan in a certain price range. This gives you an excellent budget to start your home search within. A pre-approval letter sends the message that you are a serious buyer and can sway potential sellers into moving forward with your offer, versus others they may have on the table.
Get Feedback From Lender
Your mortgage lender can offer great advice for preparing to buy a home. There are many lending options available and an experienced mortgage lender at the Lake of the Ozarks can offer you sound advice for becoming a homeowner in 2022!
Buying a home is an exciting time in your life. It can also be intimidating if you aren't adequately prepared. Team Lasson takes pride in working with our clients to ensure they are ready to move forward in the home buying process. If you're thinking about buying a home at the Lake of the Ozarks this year, give us a call at (573) 746-7211 or visit our website at www.yourlakeloan.com for more information.
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