What to Know Before Buying a Home in Burlingame, CA

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Get Familiar with the Lay of the Land in Burlingame, CA

Strongly considering a home purchase in Burlingame? Great idea! You selected a lively city with a dynamic selection of parks, businesses, and educational opportunities, and we're here to help make your home purchase and move a little easier. We service 3.8 million customers across the country and are familiar with the ins-and-outs of the Burlingame housing market.

Burlingame is growing by the day, which means Burlingame homes don't always come cheap. Continued support for local businesses and cultural growth have helped to beckon young families, new businesses, and retirees to the Burlingame area, but so much change also means more traffic, more competition, and a need for more schools. Even so, Burlingame and its neighboring areas still offer an array of home types and prices. You can find duplexes, single-family homes, townhomes, condos, and (ideally) your perfect home! When looking to buy a house in Burlingame, consider how near or far away the home is from the places you visit most. If possible, test drive your trip from the house to work, school, and the grocery store. Your house's location will affect everything, from your morning routine to how you spend your evenings. Exploring Burlingame will also help you get a feel for how homes in east Burlingame differ from west Burlingame, where to find Burlingame's most popular attractions, and what the neighborhoods are like.

Are your finances in the right place to buy a home in Burlingame? If you're not sure how to answer that question, contact a Mr. Cooper Mortgage Professional. We believe everyone can find their dream home and work to make every stage of the journey more enjoyable and less worrisome. You could choose to buy a home in California or elsewhere. We support first-time homeowners and experienced homeowners alike. Start with the following steps to help you see if you're in a good financial position to buy a house in Burlingame.

Before anything else, estimate how much house you can afford. This will help determine the price range for your Burlingame house hunt. Next, 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 Burlingame averages will usually give you some solid estimates. Remember that the bulk of your monthly homeowner expenses could be your monthly mortgage payment.

Then, consider how much you can contribute to a down payment. Putting at least 20% down will boost your odds of getting a good rate and will allow you to avoid private mortgage insurance (PMI). That said, down payment requirements can differ depending on the loan type. At this stage, getting prequalified for a loan can be extremely helpful. Getting prequalified helps you know how much you might be eligible to borrow from a lender. Also, consider your credit profile. Credit history is one of the main factors that lenders look at when considering 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?

It's Go Time! Buy a House in Burlingame, CA

As common as moving is, you'd think we'd all have figured out a less stressful way to do it. And yet, it remains a top stressor in life! But moving can also be incredibly rewarding, especially when you get to live in an amazing city like Burlingame. Contact Mr. Cooper as you prepare to buy a house in Burlingame. We're here for you every step of the way and Mr. Cooper® Real Estate Rewards can even connect you with a top-performing real estate agent who can potentially save you thousands.*

Mr. Cooper Customer Reviews for Burlingame, CA

Read real stories from real Mr. Cooper home buyers and sellers in Burlingame, CA. Then contact us to see what we can do for you.

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