The steps in the home-buying process

As the cost of apartment rentals continue to rise, more and more people are looking into becoming homeowners. With mortgage rates at an all-time low, now might be the time to make your dream home a reality. Are you ready to see what’s out there? Here are some steps to take on your journey to homeownership.

Examine your financial health

First things first, you need to be sure that your home buying decision is financially feasible. This will likely be the biggest factor when it comes to choosing the right home to purchase. Do you have enough saved to cover the costs of a down payment, as well as ongoing monthly mortgage payments and other living expenses? Fortunately there are a variety of loan options that can help you secure and finance your soon-to-be home.

Find a home

Your choice of residency will highly influence your day to day life. Spend some time browsing property listings and driving through neighborhoods. Some factors to consider include traffic, schools, proximity to work, crime rates and more. Be sure to prioritize these factors as you weigh your housing options.

Find a Realtor

A qualified real estate agent is key to a successful home search. Building a professional relationship with an agent will help make the home buying process manageable. Their specialized knowledge and familiarity with the neighborhoods can make all the difference as you further concentrate your search.

At Travis Credit Union, we strive to deliver top-notch services to help our members achieve home ownership. Our Real Estate team is fully equipped to assist you every step of the way. Give us a call at (707) 469-2000 or toll free at (888) 698-0000 during normal business hours to speak with one of our friendly and knowledgeable mortgage loan consultants. Visit our Real Estate Center for more information and guidance on purchasing your dream home.

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