3 Must-Dos Before House Shopping

Are you dreaming of a new home? Pausing to create a plan will ensure a smooth journey through the home shopping and buying process. Before you secure a real estate agent or open that app, consider these tips. 
1. Schedule an appointment with a Friendship mortgage lender. 
Our lenders specialize in helping you review your overall financial picture. We look at all factors that play into financing pre-qualification and your overall long-term financial health and goals.

Pre-qualification refers to a letter that indicates how much a lender is willing to lend you based on certain assumptions. Pre-qualification can help make the home buying process easier, provide a better understanding of what you can afford, and help you know what to expect along the way.
2. Determine your ideal monthly house payment. 
You don't have to spend the entire amount you pre-qualify for. Create a buying budget that works for your lifestyle.

Do you love to travel for vacation? Will this monthly mortgage payment allow you to continue traveling without straining your finances? Will you have funds available for emergency and retirement savings?
3. Create a plan on how you will stick to your budget.
The home buying process is an adventure and can provide an adrenaline rush. This can lead to impulsive decisions if expectations have not been clearly set. Limit the temptation to rush a decision by making a list of your non-negotiables, high priorities, and the amount of work you are willing to do on the purchase. Having a plan will help you find a home just right for you and your wallet.
Ready to begin? Call us at 812-667-5101 or come in to one of our eight locations. We will schedule a time to meet with one of our loans officers who would love to help as you begin the journey.