What to Know Before Buying a Home in Ardmore, OK

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Exploring Ardmore, OK From North to South

Ready to lay down some roots and buy a house in Ardmore? Smart move! You selected a vibrant city with a great balance 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 nationwide and have the inside scoop on Ardmore's housing scene.

Ardmore is growing by the day, which means Ardmore homes don't always come cheap. Ongoing support for local businesses and cultural growth have helped to entice entrepreneurs, retirees, and new graduates to the Ardmore area, but so much change also means more traffic, more competition, and a need for more schools. Even so, Ardmore and its nearby areas still offer a variety of home types and prices. You can find townhomes, condos, single-family homes, duplexes, and (fingers-crossed) your dream home! When buying a house in Ardmore, consider how near or far away the home is from the places you visit most. If you can, 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 Ardmore will also help you get a feel for how homes in east Ardmore differ from west Ardmore, where to find Ardmore's most popular attractions, and what the neighborhoods are like.

Are your finances in the right place to buy a home in Ardmore? Reach out to a Mr. Cooper Mortgage Professional if you don't know how to go about answering that question. We think the dream of homeownership should never fade and work to make the journey less worrisome and more rewarding every step of the way. You don't even have to stick with your decision to buy a house in Ardmore. We serve first-time homeowners and experienced homeowners alike. Start with the following steps to help you determine if you're financially ready to buy a home in Ardmore.

First, calculate how much house you can afford. This will help determine the price range for your Ardmore house hunt. Then, 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. Searching the web for Ardmore averages will usually give you a solid estimate, though everyone's situation is different. 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. 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). 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. Prequalification points you in the right direction as far as how much you may be eligible to borrow. Also, take a good look at your credit. Credit history is one of the main factors that lenders look at when considering your mortgage application. The healthier your credit is, the more mortgage options you may have open to you— and options are always a good thing!

Move Up and Out: Buying Your Dream House in Ardmore, OK

Moving remains one of the biggest stressors, despite being a practically universal experience. But moving feels more rewarding when you get to live in a place like Ardmore. Contact Mr. Cooper as you get ready to buy a house in Ardmore. We're here for you from start to finish 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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