Money Monday: Your 10-Step Plan for Buying a Home

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  • Figure Out What You Can Afford
  • Make Wise Financial Choices
  • Get Pre-Approved for a Mortgage
  • Explore Homebuyer Programs
  • Find a Reputable Realtor
  • Review the Selection
  • Order a Home Inspection
  • See Things Through to the End
  • Take Your Seat at the Closing Table
  • Step One
  • Set Yourself Up for Success

Get Pre-Approved for a Mortgage

A pre-approval letter from a lender will not only help you better pinpoint exactly what you can afford to buy, but it will also show sellers that you are a serious, qualified buyer. During this process, be sure to ask about the various loan options that are available to you, the associated interest rates and any or all fees that you’ll have to pay. You can use a site like Bankrate to compare loans, rates, and fees among different lenders and decide on your best option.

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