What to Know Before Buying a Home in Laurinburg, NC

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Understanding the Laurinburg, NC Housing Landscape

Thinking about buying a home in Laurinburg? Awesome! You selected a lively city with a great balance of parks, businesses, and educational opportunities, and we're here to help the home purchase process go a little smoother. We service 3.8 million customers across the country and are familiar with the ins-and-outs of the Laurinburg housing market.

Laurinburg is growing by the day, which means Laurinburg homes don't always come cheap. Continued economic growth and cultural expansion have helped to attract young families, new businesses, and retirees to the Laurinburg area, but that much change also highlights the need for better infrastructure, larger schools, and a more diverse housing market. Even so, Laurinburg and its nearby areas still offer a variety of home styles and prices. You can find duplexes, single-family homes, townhomes, condos, and (hopefully) your dream home! When buying a house in Laurinburg, consider the home's location in relation to your everyday 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 Laurinburg will help you see how the northern part differs from the southern part, where to find Laurinburg's most popular attractions, and what the neighborhoods are like.

Are your finances in the right place to buy a home in Laurinburg? Reach out to a Mr. Cooper Mortgage Professional if you don't know how to go about answering that question. We believe in keeping the dream of homeownership alive and try our best to make the journey easier and more rewarding. You don't even have to stick with your decision to buy a house in Laurinburg. We serve first-time homeowners and experienced homeowners alike. Read through the following steps to help you determine if you're financially ready to buy a home in Laurinburg.

Before anything else, calculate how much house you can afford. This will help you set a price range while house shopping in Laurinburg. Next, map out your potential monthly payments (including property taxes, insurance, homeowners association fees, home repairs, etc.). It's okay if these numbers are educated guesses. Everyone's situation will differ, but a quick online search for average expenses in Laurinburg will usually point you in the right direction. Remember that the bulk of your monthly homeowner expenses could be your monthly mortgage payment.

Next, consider how much you can contribute to a down payment. A down payment of at least 20% can help increase your chances of getting a great rate and will allow you to avoid private mortgage insurance (PMI). Even so, down payment requirements can differ depending on the loan type. At this stage, getting prequalified for a loan can be extremely helpful. Getting prequalified will give you an idea of how much you might qualify to borrow. Also, consider your credit profile. Credit history is an important part of your mortgage application. The better your credit is, the more mortgage options you may be presented with— and more options are always good!

Move Up and Out: Buying Your Dream House in Laurinburg, NC

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 feels more rewarding when you get to live in a place like Laurinburg. Contact Mr. Cooper as you look to buy a home in Laurinburg. 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.*

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