Spring has finally arrived – and as the weather starts to heat up, so does the homebuying market. Before things get too hot to handle, spring marks the perfect time to start preparing to buy a home if you're looking to make a purchase during the hectic summer season. Here are a few tips for getting started:
Save – and then save some more. As anyone who has purchased a home before will tell you, saving is a key component when preparing to buy a home so that you can make your down payment. The point at which many start saving is often too late, so if you're looking to buy a home soon, get going if you haven't started already!
Improve Your Credit Score. To make the approval process as fluid as possible, get your credit score to a good place before applying for a mortgage. If buying a home is just around the corner, take this spring to evaluate and improve your score and pay off any credit card or other outstanding balances.
Make a list. A very quick online search for 'mortgage application checklist' will reveal a number of free resources you can use to stay organized and on top of the mortgage application process. Having all of the paperwork ready in advance not only saves a lot of time and stress, but keeps you on track to getting those keys to your new home sooner rather than later.
For more springtime mortgage tips, stop into your local branch to chat with one of our loan originators.