While spring cleaning is generally reserved for your home, it can also be the perfect time to clean up your finances. While preparing to purchase a home can seem like a much larger undertaking than just cleaning your home, the process can be easier than you think when you divide the process into multiple steps. The experts at Academy Mortgage offer a list of ways to get your finances in order just in time for the spring buying season:
- Check your Credit: The first step to getting your finances in order is to request you credit report and credit score, so you know where you stand financially. A lender uses this information to determine whether or not you or eligible for a home loan, so it’s important to make sure every piece of information is on your report. If you find any inaccuracies, it is important to contact the credit bureau immediately to request a correction.
- Create a Budget: In order to successfully save for a down payment on your new home, make sure your finances are stable. Determine where you spend your money each month, what is necessary and where you can cut back. Then, create a household budget to keep your spending and saving on track.
- Research Mortgage Professionals: Researching and selecting a reputable mortgage company and then requesting a preapproval from your selected company can make the mortgage process significantly less stressful. Being preapproved for a residential mortgage can speed up the mortgage process, and it will ensure you are ready to act when you find the home that you’ve been searching for. A loan preapproval will also give you a price range to keep in mind during your home search.
Academy Mortgage is one of the top independent purchase lenders in the country. For more information on securing a loan for your new home in Atlanta or how to secure your finances, contact Academy Mortgage by calling 404-323-4748 or visit www.AcademyMortgage.com.
Equal Housing Lender. (c)2013 Academy Mortgage License #3113. GA Lic. # 20505. This is not a commitment to lend. Academy Mortgage Atlanta: 5565 Glenridge Connector, Suite 400. Atlanta, GA 30342. Georgia Residential Mortgage Licensee.