: Never skip a professional inspection to identify red flags like foundation cracks or mold. A lender will require an appraisal to ensure the home's value matches the loan amount.
Don't just look at the decor; evaluate the "bones" and the neighborhood.
: Review your credit score and debt-to-income ratio (DTI); lenders typically prefer a total DTI below 40%. buying guide for house
by Jon Gorey: A guidebook covering mortgages and the MLS, available at Barnes & Noble.
: Check the property one last time before signing to ensure it's in the agreed-upon condition. : Never skip a professional inspection to identify
A is a formal commitment from a lender, which is much stronger than a pre-qualification. It shows sellers you are a serious buyer and allows you to move quickly in competitive markets.
: Check the age of the roof (replacement can cost $8,000–$15,000) and the HVAC system (typically lasts 15–20 years). 5. Making an Offer and Closing : Review your credit score and debt-to-income ratio
: Shop around with multiple lenders to compare interest rates and loan products like FHA, VA, or conventional loans. 4. Strategic House Hunting
