Team PowerHouse Denver
down payment would be comfortable and how much of a monthly payment can you afford. Good lenders are skilled at guiding you to these answers. For references I can provide 3 I have worked with in the Aurora area
Meet with a Local Mortgage Banker to get prequalified for mortgage financing. The Mortgage Banker will review all facets of your loan request to answer your questions with regards to the types of loans and maximum loan amounts you could qualify for.
Line up a Home Inspector. A good home inspector will scare the heck out of you: that's what you pay him for! But you'll concentrate on the fundamentals of the property: roof free of leaks, plumbing, heating and electrical up to code and in good working order. Again, when you make an offer and you have your Home Inspector ready to go, your offer will be considered with much more interest by a Seller because you truly have your "ducks in a row" and your preparation demonstrates your serious attitude about conducting the purchase transaction in a timely manner.
Find an experienced Local Realtor who works in your desired shopping area. A serious pro Realtor will refuse to show you homes until you are Prequalified for mortgage financing. Don't take offense! That Realtor doesn't want you to be disappointed and wants you to have a smooth experience as you shop for your new home.
Put together your Team of real estate professionals and shop 'til you drop!
*If you thought my answer was helpful, please give me a â€œThumbs Upâ€ or â€œBest Answer.â€ Thanks!
I just saw this post. Looks like it was posted some time ago. Looks like you got some good answers below. I would have said 'immediately'. It is never too soon to start the prequalification process. You even start before your #credit score is where it needs to be. I would start by working with a Buyer's agent so it will be a team effort to get from square one to the lender to the home and then to a successful closing. All the best with your purchase. Let us know how it goes.
Your Castle Realestate
I would contact a lender now. You want to be pre-approved. Than, I would start looking for a right home. It might take few weeks. After you find the right place it will take at least 1 month from making an offer till closing.
If you need any professional help, feel free to contact me. I also know few very good lenders.
CHERRY CREEK PROPERTIES LLC
But the rental market is also tight, so your landlord may be willing to release you from your lease if he can rent it for more. Be proactive and talk this over with your Landlord now so you can see where he stands then you can secure an agent you like and start searching.
Congratulations on getting your credit scores up. Best Wishes in your home search. I'd be happy to answer any other questions you might have.
RE/MAX Masters, Inc.
You are already smarter (much smarter) than the average buyer. You know your credit score, which is awesome. You will also be able to get a better interest rate because your score is over 700. You could pre-qualify immediately and start shopping this weekend.
Seriously ... get pre-qualified only takes a few minutes and you can do it by phone. They will ask what you make, what you owe, they'll verify your credit score by asking for your SS# and you'll be ready to go!!
What area in Aurora are you interested in? I would be happy to refer you to one of my lender (like me, they work weekends and evenings) :-)
Julie Montgomery, RE/MAX Masters, Inc., Greenwood Village, CO
Also, our website gets rave reviews for the detailed home searches it provides and ease of use. You can save your searches & favorite properties, make notes online, and get email alerts of new listings matching your criteria. Map search and virtual tours, too.
Let me know if I can answer any questions for you.
Marianne Bandy, CRS
The Bandy Team
RE/MAX Professionals - Denver CO
"From Our Heart to Your Home"