Commerce Twp home buying tips – what to do first

 

One of the first things you should be doing when buying Commerce Twp home is go see a lender or mortgage loan officer.

             Have them pull your credit.

             Have them look at your debts.

             Talk about your assets.

             Show them your paystubs and tax returns.

             Answer their questions truthfully.

Then the loan officer can figure out your debt ratio and tell you what you can afford in a house payment.  Now this number is what the bank will lend you.  It’s not the amount that you may feel comfortable with but the bank will lend it to you.  So YOU need to decide what your comfortable payment is.

So take the time in the next few weeks and contact a mortgage lender.  Ask your friends, family, or co-workers for a reference.  Then you will be ready for step two.

 

Get the latest Oakland County foreclosures emailed to you so you don’t miss out on the deals andSearch Commerce foreclosures and homes now

 

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