A lot of people are looking at homes to purchase these days. The majority have never bought a house before and have questions about the process. The first step is to get a copy of your credit report. The free online credit reports although helpful do not provide a score for free. We would be happy to provide anyone who is considering buying a home in the next six months a free copy of their credit report with credit scores. We can also offer a line by line explanation of what the credit history means and how it will apply to you. This is a limited time offer for Wisconsin residents.
The next step after receiving your credit report is to set an appointment with a mortgage loan officer to be pre-approved. You will need 2 years of Federal Taxes, a recent pay stub or profit and loss statement if you are self-employed, 2 months of bank statements and a complete copy of your most recent investment statements, 401k or equivalent. If you do not have savings you still have options.
The next step is to work with a Realtor under a buyer agency agreement where they will represent you not the seller. We would be happy to refer an experienced Realtor to you or perhaps you have some one in mind. Good Luck on your home search!
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