What to Know Before Buying a Home in Brookfield, WI

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Get Familiar with the Lay of the Land in Brookfield, WI

Thinking about buying a home in Brookfield? Smart move! You've chosen a vibrant city with a great balance of parks, businesses, and educational opportunities, and we're here to help the home purchase process go a little smoother. We support 3.8 million customers across the country and have the inside scoop on Brookfield's housing scene.

Brookfield is growing by the day, which means Brookfield homes don't always come cheap. Sustained support for local businesses and cultural growth have helped to entice retirees, new businesses, and young families to the Brookfield area, but so much change also means a strain on housing options, school capacities, and city roads. That said, Brookfield and the surrounding areas still offer an array of homes in price and amenities. You can find single-family homes, condos, townhomes, and (fingers-crossed) your dream house! When buying a house in Brookfield, double check that you're factoring in the home's distance from your daily activities. If possible, 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. Discovering different parts of Brookfield will help you see how the northern part differs from the southern part, what the neighborhoods are like, and where to find Brookfield's hottest attractions.

Are your finances in the right place to buy a home in Brookfield? 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. It doesn't matter whether you want to buy a home in Wisconsin or somewhere else entirely. We help new and experienced homeowners alike. Start with the following steps to help you see if you're in a good financial position to buy a house in Brookfield.

Before anything else, calculate how much house you can afford. This will help you set a price range while house shopping in Brookfield. Then, jot down your potential monthly payments (including property taxes, insurance, home repairs, homeowners association fees, etc.). It's okay if these numbers are educated guesses. While everyone's situation is different, an online search for Brookfield 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.

Then, look at how much money you can put toward a down payment. Placing a minimum of 20% down can boost your chances of getting a great 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 will give you an idea of how much you might qualify to borrow. Also, take a good look at your credit. Lenders place a high importance on credit history when looking at 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!

Make Your Move: Buy a Home in Brookfield, WI

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 Brookfield. Contact Mr. Cooper as you prepare to buy a house in Brookfield. 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 Brookfield, WI

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