Get Familiar with the Lay of the Land in Everett, WA
Strongly considering a home purchase in Everett? Awesome! You've chosen an energetic city with an ideal amount of parks, businesses, and educational opportunities, and we're here to help make your house hunt, purchase, and move more streamlined. We serve 3.8 million customers from coast to coast and know the Everett housing market well.
Everett'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. Ongoing support for local businesses and cultural growth have helped to beckon entrepreneurs, retirees, and new graduates to the Everett area, but so much change also means a strain on housing options, school capacities, and city roads. Even so, Everett and its nearby areas still offer a variety of home styles and prices. You can find duplexes, single-family homes, townhomes, condos, and (ideally) your dream house! When buying a home in Everett, double check that you're factoring in the home's distance from your daily activities. If you can, drive the route you'd take from the house to your school, office, and favorite hangout spot. The location of your house will impact virtually every part of your life. Exploring Everett will also help you get a feel for how homes in east Everett differ from west Everett, where to find Everett's most popular attractions, and what the neighborhoods are like.
Are your finances in the right place to buy a home in Everett? Contact a Mr. Cooper Mortgage Professional if you're unsure of your answer. We think the dream of homeownership should never fade 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 Everett. We help new and experienced homeowners alike. Walk through the following steps to help you determine if you're financially ready to buy a home in Everett.
First, calculate how much house you can buy. This will help determine the price range for your Everett house hunt. After that, add up the potential monthly payments (including home repairs, insurance, homeowners association fees, property taxes, etc.). You don't need an exact amount for these expenses. Searching the web for Everett averages will usually give you a solid estimate, though everyone's situation is different. Keep in mind that a mortgage payment could make up the majority of most homeowners’ monthly household expenses.
Then, consider how much you can contribute to a down payment. A down payment of at least 20% can help boost your chances of getting a great rate and will allow you to avoid private mortgage insurance (PMI). That said, the required down payment will depend on the type of loan you get. This is where getting pre-approved for a mortgage comes in handy. Pre-approval 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. 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 Everett, WA
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 Everett. Contact Mr. Cooper as you look to buy a home in Everett.