Your Step-by-Step Guide to Buy a House in Aberdeen, WA
Help make sure your home isn't a source of financial stress. A great way to make that happen is to be financially prepared for your home purchase before you set foot in an open house. Be honest with yourself to determine if you can buy a house in Aberdeen, or if you should hold off until your situation is different. Walk through the following steps to get started and contact a Mr. Cooper Mortgage Professional to talk strategy.
Examine your finances. Look at the whole picture. Are you confident about your financial situation, credit history, savings, and current monthly expenses? A little "gut check" can go a long way. A good way to start your Aberdeen home buying journey is with confidence, a strong credit history, enough savings for a down payment, and a good handle on your current expenses.
Now, let's play with some real numbers. See where your budget stands with Mr. Cooper's affordability calculator. How's it looking? You can estimate about how much house you can buy in Aberdeen based on income or your desired maximum monthly mortgage payment. Will this price range get you into the Aberdeen home you've been dreaming about? If not, consider looking in surrounding areas or increasing your down payment. If it's a good number, then call Mr. Cooper. It's time to move on to the next step in the homeownership journey!
It's time to get pre-approved for a home in Aberdeen. Pre-approval is a more formal estimate of how much of a home loan you could get approved for. It's the result of some financial details you provide and a credit check. Pre-approval is also an opportunity to learn more about your various mortgage options and determine which one is right for you. Start with Mr. Cooper’s online pre-approval tool. Let us know where you'd like to buy a home in Aberdeen, the property type, how you anticipate using the property, and whether you're currently working with a real estate professional. Enter your expected purchase price and down payment. Follow that information with a few personal details and you're clicks away from being pre-approved. It's a simple process and pre-approval lasts 120 days.
When figuring out what it will take to buy a home in Aberdeen, don't forget to budget your time, too. Your time is one resource that's non-refundable and non-renewable, and finding your perfect house can be time-consuming, especially in Aberdeen. Turn to a real estate agent in Aberdeen who does the bulk of the work for you.
Applying for a home loan is the final step in getting your finances ready for a home purchase. You're almost at the finish line! Let a home loan servicer like Mr. Cooper guide you in the process and you'll gain the distinct advantage of one-on-one support all along the way—from loan to closing. Call Mr. Cooper Mortgage Professionals today. They know the details of buying a home, inside and out, and will work to find the loan that fits you best.
The house of your dreams is waiting for you and your loved ones. Call now and let us help you ready your finances to buy a house in Aberdeen. Let's get you started on your path to homeownership!