Spring Mortgage TipsSpring is just around the corner, and as temperatures get hotter, so does the housing market. For buyers this means “Its Time” to start planning.

These simple mortgage tips can help when shopping for a home this spring.

  1. Save, Save, Save

When purchasing a home, loan originators will need to know how much you have in assets. This is a combination of two things. Your regular income and money saved. It is important to save as much money as possible before going into the mortgage process. This will help cover your down payment, and processing fees. If you haven’t started then start now! You’ll be amazed how much even a few hundred dollars can help.

  1. Get a “Buyer’s Edge” Approval

In the excitement of buying a new home this spring, many homebuyers will find a home they love, get pre-qualified, only to be disappointed when everything falls apart in approval process. Buyer’s Edge is different. It’s not a loan pre-qualification, it’s an approval. Customers go through the complete mortgage process before they shop, allowing them to shop with confidence.

  1. Download a Loan Application Checklist

A loan application checklist will help make sure you start prepared. Before applying for a loan it’s important to have all of the needed paperwork ready. Having a checklist will ease the stress of applying for a mortgage, and keep you on track throughout the process.

  1. Improve your Credit Score

Having good credit is a vital part of the home loan process. If you have shaky, or no credit at all, use this time to build it. The key when using credit is to pay off your balance each month, and try not to use more than 30% of your given credit line. Doing this will increase your score and let the credit bureaus know you’re not relying on credit to get by.

Get Ready for Spring

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