Financing

Buying a home in a new city can present some challenges, from finding a reputable Realtor® to hiring dependable movers. It is important to remember that you will probably be living in this home for a while, so you will want to take all of the necessary steps to ensure the smoothest transition possible in the present, and in the future. This section will provide you with resources that will help you make good decisions and give you comfort and confidence in calling Houston home.

Once you have decided where to live, the next crucial step is formulating a loan that best meets your lending needs. It is important to begin this process before bidding on a home, because if you bid on a home before the financing is cleared and are denied the loan, you run the risk of losing the home—which can result in more work for you and, above all, disappointment. There are several factors to consider when deciding how much to borrow. How much can you afford to pay each month? How much can you afford to put down up front? How good is your credit? How fast would you like to pay off your mortgage? These questions can all be answered with the help of one of Houston’s many credible lenders.

Do some research to find the outlet that best suits your needs before deciding on a lender. Once you have chosen a lender and scheduled a meeting, you will want to gather the necessary paperwork,
including recent pay stubs, any rental checks, and tax returns from the last few years. Your loan officer will provide you with a list of required documents.

The formalities of financing a home, which are detailed in the surrounding pages, can be daunting—especially for first-time buyers. Decisions about realtors, loans, offers, counter-offers, insurance, and the like are often challenging, and the options can be overwhelming. It is important to keep reminding yourself that it will all be worth the time and planning once you are approved and can refocus your energy into finding your dream home, or at least the pre-dream home, dream home. There is no reason to not take full advantage of the plethora of home buying experts here in Houston. From financing to decorating, there are teams of people waiting to assist you. Soon, you will get to the best part: living your life in your new home.