Where to begin when buying a home?

Home buying

Home buying

One of the most crucial first steps to buying a home is getting pre-qualified for a mortgage loan. The lender will determine how much the bank can loan to you for your new home. Most leaders are requiring a minimum of a 640 credit score, low debt to income ratio, your standings with other creditors and steady employment.  We have lenders that we work closely with to ensure  your home buying process goes smoothly. Let us refer you to a lender today to get you moving in the right direction of homeownership!

Once you have your loan pre-qualification complete you’ll want to invest some time in finding a reliable Real estate agent to assist you. Why do you need an agent? An agent will consult with you to help you determine what you needs and wants are in a home. They can usually work for you through he entire process at no charge, ask us how! Then they can narrow down homes that best fit your criteria and give you facts and information about each one. Once you’ve selected homes to view they can schedule and organize showings for you. Agents can be a wonderful resource for you when it comes to inspections, title companies, contractors, home warranty companies and much more. Once you have found the perfect home for you your agent will be able to write an offer and help negotiate the terms with the seller or seller’s agent to get you the best possible deal. Their job doesn’t stop there! Once your offer has been accepted by the seller your agent will begin the closing process and follow it through to the end to ensure that everything is in order with your loan and title company so you close on your home without delays.

Click the link below to see more helpful info about buying a home in Lubbock, TX:

Guide to Your first Home In Lubbock, Tx

We are a team of real estate professionals who work full-time for our clients to provide a win, win situation weather buying or selling a home.  Call, email, text or post your questions if we can be of assistance to you. After all buying a home is usually the biggest purchase you will ever make, don’t go at it alone we’re here to help.

Visit our website to begin your search: wendyjonesteam.com and be sure to Check out the mortgage calculator to the right to find out what payments could look like in certain price ranges.

Wendy Jones                                           Amber Cosby

(806)928-9463                                      (806) 535-2612

wendyjones@kw.com                        ambercosby@kw.com

Licensed Texas REALTORS

Keller Williams Realty

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Renting vs Owning

home buyingIf your thinking about buying your first home the question is am I doing the right thing? My answer will always be it is always the right time to buy a home unless you are looking at a less than 3 year time in the home, and even then it is a matter of looking at the entire situation and market.

If you are currently paying rent you are paying a mortgage just someone else’s, you are also improving there credit score and overall net worth. Concerns about up keep and repairs can easily be budgeted using things like a residential home service contract. Usually you can expect your monthly payments to be less than what you would pay in rent.

When you begin your search deciding what is right for you in terms of location, size, and new or existing home, what you can afford to pay monthly on a home are some important things to consider.

Discussing all of your options when buying a home, and guiding you through the entire process is what we do, send in your comments or questions, we would love to help you explore your options.

Visit our website to start your search: wendyjonesteam.com

Wendy Jones (806) 928-9463               Amber Cosby (806) 535-2612

 wendyjones@kw.com                          ambercosby@kw.com