What to Know Before Buying a Home in Aliso Viejo, CA

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Get Familiar with the Lay of the Land in Aliso Viejo, CA

Strongly considering a home purchase in Aliso Viejo? Awesome! You selected an energetic city with an ideal amount of parks, businesses, and educational opportunities, and we're here to help make your home purchase and move a little easier. We support 3.8 million customers nationwide and know the Aliso Viejo housing market well.

Aliso Viejo's amazing growth has made it a great place to live. But on the flip side, the growth has also led to a shortage of cheaper homes. Sustained economic growth and cultural expansion have helped to beckon young families, new businesses, and retirees to the Aliso Viejo area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Even so, Aliso Viejo and its neighboring areas still offer a wide range of homes in price and amenities. You can find single-family homes, condos, townhomes, and (ideally) your dream home! When buying a home in Aliso Viejo, double check that you're factoring in the home's distance from your daily activities. If you can, test drive your trip from the house to work, school, and the grocery store. Your home's location will influence almost every aspect of your life. Discovering different parts of Aliso Viejo will help you see how the northern part differs from the southern part, what the communities are like, and where to find Aliso Viejo's coolest attractions.

You're ready to buy a house in Aliso Viejo, but is your bank account? Contact a Mr. Cooper Mortgage Professional if you're unsure of your answer. We believe everyone can find their dream home and work to make the journey less worrisome and more rewarding every step of the way. You could choose to buy a home in California or elsewhere. We help experienced homeowners and first-time homeowners alike. Read through the following steps to help you determine if you're financially ready to buy a home in Aliso Viejo.

First, calculate how much house you can afford. This will help you narrow your search when house hunting in Aliso Viejo. After that, add up the potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). It's okay if these numbers are educated guesses. While everyone's situation is different, an online search for Aliso Viejo averages will usually give you some solid estimates. Keep in mind that your monthly mortgage payment could make up the bulk of your monthly home expenses.

Next, figure out what a realistic down payment would be for you. Putting at least 20% down will improve your odds of getting a good rate and will allow you to avoid private mortgage insurance (PMI). However, the required down payment will depend on the type of loan you get. This is where getting prequalified for a mortgage comes in handy. Getting prequalified will give you an idea of how much you might qualify to borrow. Also, take a good look at your credit. Lenders place a high importance on credit history when looking at your mortgage application. You may be presented with more mortgage options if you have healthy credit— and who doesn't want more choices in life?

Make Your Move: Buy a Home in Aliso Viejo, CA

Moving remains one of the biggest stressors, despite being a practically universal experience. But when you get to live in a stellar city like Aliso Viejo, moving doesn't seem so challenging. Contact Mr. Cooper as you get ready to buy a house in Aliso Viejo. We're here to help you along the way and Mr. Cooper® Real Estate Rewards can even put you in touch with a vetted real estate agent who can potentially help you save thousands of dollars.*

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