The Process of Buying a Home in Lakewood, OH

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Exploring Lakewood, OH From North to South

Strongly considering a home purchase in Lakewood? Awesome! You picked a vibrant city with a great balance of educational opportunities, businesses, and parks, and we're here to help the home purchase process go a little smoother. We serve 3.8 million customers across the country and are familiar with the ins-and-outs of the Lakewood housing market.

Lakewood'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. Continued economic growth and cultural expansion have helped to entice entrepreneurs, retirees, and new graduates to the Lakewood area, but so much change also means a strain on housing options, school capacities, and city roads. That said, Lakewood and the surrounding areas still offer an array of home types and prices. You can find townhomes, condos, single-family homes, duplexes, and (hopefully) your dream home! When buying a house in Lakewood, double check that you're factoring in the home's distance from your daily activities. If you can, test drive your route to work, school, and the grocery store. The location of your house will impact virtually every part of your life. Discovering different parts of Lakewood will help you see how the northern part differs from the southern part, where to find Lakewood's most popular attractions, and what the neighborhoods are like.

You're ready to buy a house in Lakewood, 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 Ohio or elsewhere. We work with new and experienced homeowners alike. Read through the following steps to help you see if you're in a good financial position to buy a house in Lakewood.

First, estimate how much house you can afford. This will help determine the price range for your Lakewood house hunt. Then, add up the potential monthly payments (including home repairs, insurance, homeowners association fees, property taxes, etc.). It's okay if these numbers are educated guesses. While everyone's situation is different, an online search for Lakewood 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, look at how much money you can put toward a down payment. Placing a minimum of 20% down can improve your odds of getting a good rate and will allow you to avoid private mortgage insurance (PMI). Even so, the required down payment will depend on the type of loan you get. Here's where it can help to get prequalified for a mortgage. Getting prequalified helps you know how much you might be eligible to borrow from a lender. 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 options are always a good thing!

Move Up and Out: Buying Your Dream House in Lakewood, OH

Moving remains one of the biggest stressors, despite being a practically universal experience. But moving can also be incredibly rewarding, especially when you get to live in an amazing city like Lakewood. Contact Mr. Cooper as you prepare to buy a house in Lakewood. We're here to help you along 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 Lakewood, OH

Take it from these Mr. Cooper home buyers and sellers in Lakewood, OH: We love helping homeowners. Call now to see how we can serve you.

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