Process of Buying a Home in Salt Lake City
The Internet has changed the way most home buyers would like to be engaged during the initial stages of selecting a home. Most buyers would like to ease into the process, learning about areas, schools, prices and available homes without the pressure and pace setting of a Real Estate Agent.
I agree, and have developed this website to serve as your “buyers toolkit” to be used in the search phase of buying a home in Salt Lake City, Utah. I hope you will find this site to be helpful, and your prime source for Real Estate Information. The site will be updated daily so that you are never behind the curve.
While I prefer to only list property in the West Jordan, South Jordan, Riverton, Murray, Taylorsville, Herriman and Midvale areas I will be happy to assist you in purchasing a Home or Condo anywhere in the Salt Lake Valley.
This is a very exciting time for you and your family. When you are ready to work with someone I hope you will think of me, and give me a call. In the meantime take advantage of your “Home-buyers Information in Salt Lake.”
Salt Lake City Residential Home Loans
If you’re thinking about buying a home in the Salt Lake City area, you want to discuss your financing options with the lender you feel comfortable with. The first step, before even looking at your first property, you’ll need to know how much you can afford. If you start looking at properties first without knowing your budget, you’re setting yourself up for heart ache in finding a home you love in a price you can’t afford. By determining your price range ahead of time you can search for properties and know that you can afford them once you find one you love.
Our preferred lender will sit down with you and go over the details of your finances. Documents you may need are your W-2s, bank statements, tax returns, and any assets and liabilities you may have. Accumulating all of these ahead of time will save time and frustration in the future. Allowing the lender to determine the right price range will help you find a home with a mortgage you can comfortably afford. Why bother owning a home to enjoy when you’re stressed every month and unsure about paying the mortgage? Using a lender you fill comfortable with will determine a price range that you can afford. They will offer you a letter of pre-approval to submit to sellers when you present your offer showing you have done your homework and are a serious buyer capable of purchasing this home. When financing Salt Lake City UT homes, make sure you set yourself up for success.
FREE CREDIT REPORT
Did you know that you are entitled to a annual Free Credit Report ? Click the link below for more information.
You Can Improve Your Credit
Credit Scores change as your circumstances do, in fact, your score may be different among the three reporting agencies. Income to debt ratios, and credit scores help determine the loan and terms you can qualify for.
Below are some suggestions to help you improve your score, and obtain the mortgage you need for your new home.
- Obtain a copy of your free credit report, check for and correct any errors.
- Pay down credit cards rather than transfer debt from one card to the other.
- Keep individual cards well under maximum limit.
- Credit Card penalties diminish over time, problems carry less weight after a year, you may need to wait.
- Make no large purchases on credit until loan is funded, not just approved.
- Too much credit can lower your score. Don’t open new accounts before applying for a mortgage.
- Multiple inquiries from the same type of lender are counted as one. Shop for loans all at once.
- Don’t use Finance Companies, they may be considered a sign of poor money management.
Hopefully you now know a little bit more about buying a home in Salt Lake City, Utah. When you’re ready for some assistance from local, experienced real estate agents, give us a call!