Steps to Buy a Home in Shelton, WA
Help make sure your home isn't a source of financial stress. One of the best ways 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 Shelton, 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 discuss 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 solid way to start your Shelton home buying journey is with a healthy credit history, a good handle on your current expenses, and enough savings for a minimum 20% down payment.
Now, let's "put pencil to paper," as they say. See where your budget stands with Mr. Cooper's affordability calculator. How's it looking? You can calculate how much house you can buy in Shelton based on income or your desired maximum monthly mortgage payment. Does this number fit your vision? Is it enough to get you into the Shelton home you want? If not, think about increasing your down payment or looking in surrounding areas. 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 Shelton. 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. Get started using Mr. Cooper’s online pre-approval tool. Let us know where you'd like to buy a home in Shelton, the property type, how you anticipate using the property, and whether you're currently working with a real estate professional. Type in your likely purchase price and down payment. Provide a few more personal details and you’re on your way to getting pre-approved. The process is straightforward. Pre-approval lasts 120 days.
When figuring out what it will take to buy a home in Shelton, 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 Shelton. Join forces with a real estate agent in Shelton 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. Can you see the finish line? Work with a home loan servicer like Mr. Cooper, and you'll receive personalized support from the moment you dream of owning a home to the reality of holding the keys in your hand. Call Mr. Cooper Mortgage Professionals. They know the details of buying a home, inside and out, and will work to find the loan that fits you best.
"Home" has never mattered more than it does right now. Get your finances ready to buy a home in Shelton and give us a call. You can start on the path to homeownership today!