First steps for successful home buying


     First steps for successful home buying are
    all to often over looked by the first time home
    buyer.Get pre-qualified by a lender first.  This
    can be done from home. You may be waisting
    time driving around looking at real estate that is
    out of your budget or worse, you may not qualify
    at all.  

            Beware of online calculators, often they do
    not consider local taxes, insurance and mortgage
    insurance. A lender or a local San Antonio
    Realtor should be able to calculate your
    estimated monthly payment for you.

            Next, when you are pre-qualified, be sure to
    sit down with your loan officer or Realtor and go
    over the disclosure statement and Good Faith
    Estimate before you commit to using a lender.  
    Some lenders try and sell you on buying your
    interest rate down and will charge you upfront
    interest as part of your closing cost.  This may or
    may not be to your advantage if you don't plan on
    living in a home for an extended amount of time.  

            Finally, compare different loan products and
    lenders side by side for the very best deal for
    you.  Not all lenders offer the same products.
    Your Realtor should be able to explain the
    differences.

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