1. Estimate
Monthly Payment and Affordability
Use our online mortgage and
payment calculators to get a feel for how much home you can
afford. No sense wasting a lot of time looking at homes
that are too expensive. Likewise, you might be surprised
at how much you CAN afford to spend on a home.
2. Order an
Online Credit Report
There are 3 companies that
monitor your credit: Experian, Trans Union and Equifax.
Different lenders use different companies. So, when you
order your credit report make sure you order a 3-in-1 Credit
Report. A 3-in-1 report will pull your credit from all 3
companies and pull all the data together into one report.
The price is usually around $35.00. For your
convenience, Great Homes in Houston recommends CreditReporting.com, click on the banner below to order your
3-in-1 Credit Report.
3. Credit
Repair
To dispel any myths, there are
no quick fixes to repair credit. Credit repair requires time
and money. Nearly everyone has items on their credit report
which are not quite correct. Individuals can dispute these
incorrect items. The credit reporting agencies such as
Experian, Equifax and Trans Union then have 30 days to
investigate the dispute. In many instances, for whatever
reason, the dispute is not resolved within 30 days. In that
case, the credit reporting company removes the disputed item
from your credit report. This process is repeated over and
over. It works, but it takes time and some money. It is
highly recommended that work with a REPUTABLE professional to
repair your credit.
Great Homes in
Houston has researched several companies and found that
Lexington Law has a great reputation and record of success.
. Most
engagements take 3-9 months, which really depends on the
amount of credit repair that is needed. Please click on the
banner below for more information on how to repair your credit
through Lexington Law.
4. Shop For a
Mortgage
When shopping for
a mortgage it's important to know that different lenders have
different programs and different rates. Just like shopping for
car insurance, it's important to shop around for the best
mortgage rates and terms. Great Homes in Houston has
spent a considerable amount of time researching various
services that match homebuyers with lenders and/ or mortgage
brokers. We've concluded that TheLoanPage.com
does the best job of providing homebuyers with the most
choices for a mortgage loan.
Click on the
TheLoanPage.com banner below and fill out the short Mortgage Quote Form.
This information will be submitted to lenders who provide
mortgage services in your area. They will provide you
with a "customized mortgage quote" based on your specific
needs and situation. It's simple and you are not asked
for your social security number or anything like that.
Lenders in your area will contact you via phone or email to
see how they can help finance your home purchase.
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