Know Your “Number” Before House-Hunting | Journey Home Lending

There are a number of things that happen in life that are big moments. One of those moments is purchasing your first home.

When the time comes to purchase your first home, you might have the urge to run out and start house-hunting as soon as possible. However, there are a few things that need to take care of first before going to look at houses.

Our team at Journey Home Lending want to keep the excitement going for you when it comes to buying your first home while also giving you the information needed to make sure you have all your house “ducks” in a row.

Know Your Number

One of the most devastating things that can happen when house-hunting is finding the absolutely perfect home only to find out you can’t afford it.

Our team at Journey Home Lending wants to make sure this doesn’t happen to you by walking you through the pre-approval process before you start shopping.

The Time Has Come to Get Pre-Approved

When you get pre-approved for a mortgage, you are able to find out how much a bank will loan you. As a result, you will know exactly what your price range is when shopping for the perfect home.

You want to be able to find a home that checks off most of your boxes. That means you want to look at the houses you can afford that include most of your wish list items.

If you start shopping and realize what you want is out of your price range, there are ways you can work on improving your mortgage range that might take a little bit of time, such as boosting your credit score.

The better your credit score, the better mortgage loan you can receive, along with the best interest rate. Start improving your credit score (and your mortgage loan number) by:

  • Establishing credit
  • Paying down debt
  • Not closing accounts

Once you get your credit score to where you want it to be, then you can get your mortgage loan number to where you need it to be, too!

Are you ready to move into a new home? Visit our website to learn how the team at Journey Home Lending can lend a helping hand.