Homebuyer Process
01. GETTING READY
There are a lot of considerations when purchasing a home, but it's worth it - trust us! Contact The Waraksa Group to set up a FREE homebuyer consultation and to receive a FREE homebuyer packet.
02. MONTHLY INCOME AND COSTS
You will need to do the math for monthly income, expenses, and bills, to make sure you can adequately meet new commitments.
03. DEBT
If you have debt, you'll need to factor this in as well. It shouldn't be more than 40% of your income.
04. CREDIT SCORE
Your credit score is an important factor in applying for a mortgage. If it's too low, you may need to take some time to reconsider or to strengthen your credit
05. HOMEOWNER'S INSURANCE
Without homeowner's insurance, you can't apply for a mortgage.
06. INITIAL COSTS
You'll need enough cash for the refundable "earnest money" deposit, the down payment, and any closing costs
07. HOME INSPECTION
Before you close on your sparkling new digs, you'll want a home inspector to look everything over carefully.
08. APPRAISAL
Getting your new home appraised ensures you're paying a fair price for what you get.
09. CONGRATULATIONS
The Waraksa Group knows it can feel like a lot, but don't let it intimidate you. We're here to make the whole process more empowering than imposing.