If you plan on buying a home in 2022, here’s how to make the most out of your search:
- Chose the Best Mortgage Lender. Each lender sets its own rates and closing costs. Tyndall has competitive rates and we pay a portion of your closing costs. Check out our Mortgage Lending Team, they each specialize in their areas and can help you with the entire process.
- Get Pre-Qualified. It’s always a good idea to get pre-qualified for a mortgage before you start your search. It’s even more important in a sizzling real estate market like the one buyers are facing today. A pre-qualification gives you a leg up on bidding wars, shows potential sellers that you’re serious about buying and helps you keep your search within parameters you can afford.
- Use a local real estate agent. In a tight housing market, it’s important to use an agent who knows the area well and can give you a realistic picture of what you can expect to pay for the home you want.
- Prioritize carefully. Every homebuyer has a wish list of features they’d love to have in their new home and neighborhood. But, when supply is limited, absolute must-haves need to be chosen carefully. It is also important to be realistic with your wants when deciding how much mortgage you can afford. Narrow your list as much as possible before beginning your search, as it will help you to avoid disappointment later on.
Keep these tips and considerations in mind as you begin your quest for the perfect new home. A little “pre-home” work can help make a big difference in the enjoyment of your home and your overall financial health for years to come! If you’re entering the market for a new home, we can help! Tyndall Federal Credit Union offers home loans for qualifying members that feature competitive mortgage interest rates, an efficient and smooth application process, and the personalized service you’ve come to expect.
Federally insured by NCUA