First Time Home Buyer in NC

First time home buyer in NC

Tips for First Time Home Buyers:

  • Be pre-qualified by a lender.
  • Obtain a mortgage pre-approval.
  • Have the necessary funds available to write an initial due diligence and earnest money check.
  • Have the remaining money for your down payment easily accessible.
  • If you are receiving a “gift letter” for a portion of your down payment, be sure to have the money transferred into your savings account.
  • Pay balances on revolving credit cards.
  • Do not make big purchases (such as a car) prior to getting loan approval and closing on your new home.
  • Have a credit report run by a credit agency so that you can clear up any potential problems.
  • Find an attorney to review an “offer to purchase agreement”.
  • Be aware of the dates you can move on.