Before Buying a House!

Things to do Before Buying Your First Home in Mission Viejo or any Where!
Buying a home in Mission Viejo, for the first time can be very exciting. Don’t run right out and start looking at houses, or dreaming about your future home get ready first. It's important that you cover your basics. When you're buying your first home, there are several steps you should take before looking and making an offer.
Work on Your Credit Rating First
If you're thinking about buying a house in the Mission Viejo area, you should to start working on your credit. There's very little you can do in just a few weeks. However, if you get started six months before you need to apply for a loan, it is very likely you could improve your credit and reduce your interest rate when it comes time to qualify.
Search for a Good Real Estate Agent
Working with a real estate agent in Mission Viejo that knows the area, will give you an advantage because they have knowledge and experience in the communities you will be looking in. You need a trained negotiator to work on your behalf to get you the best deal. Realtors have a wide variety of contacts, from lenders to propertyinspectors, to escrow companies and repair people you that are available for you to use if you so desire. You will need to have someone that will put together a contract that will be in YOUR best interest and who will continue to watch out for you.
Pre-Approval for a Loan Will Give You an Advantage
You should get pre-approved to find out how much of a house you can qualify for and to know how much you will need to put down so that your payments are manageable. You should also figure out how much of a home in Mission Viejo you can really afford. Getting approved for a loan that's more than you can comfortably afford doesn't mean you should do it. Do what is best for you in the long run.
It's important to realize how much you are really comfortable with and work from there. Once you have a pre-approval letter and can prove to the sellers that you are ready to purchase a home, sellers are much more likely to consider your offer seriously. In this market and in the near future, most sellers will not even accept an offer without a pre-approval letter and proof of funds to close.
A buyer, who has his credit in order, is working with an agent that he trusts and a pre-approval letter has a far better chance of buying a house than a buyer who doesn't. Following this advise will get you off on the right foot and you’ll be well on your way to purchasing a great new home in the Mission Viejo area!