Thursday, March 30, 2017 / by Ryan Fellows
This is determined by both you and your mortgage lender. You must be comfortable with the monthly payment and your current expenses. Your mortgage lender will also provide you with a value that you are approved for by assessing your debt to income ratio and credit score.
How Many Homes Can I see Before Making an Offer?
Technically, you can see as many as you want. However, isn't your time worth more than that? When you are working with a Real Estate Agent, their job is to assess your needs and wants and determine exactly which homes meet those needs. Wouldn't you rather look at 2-3 homes and find that perfect one and make an offer rather than 20?
How Quickly Can I Close?
The typical time frame from Accepted Offer to Closing is between 30-45 days.
Should I Get a Home Inspection?
Yes! This is something we would not recommend wavering on. You may get lucky and find a home that is in perfect condition, however, that is not typically the case.
What Credit Score Do I Need to be Pre-approved?
Typically a good starting point is 620-640. This is all depending on the loan product. Be sure to ask your mortgage lender what plan is best for you and your needs.
What Is a Typical Down Payment?