3 Things You Can Do To Prepare To Buy A Home

If you're in the market to buy a home, but you're waiting for interest rates to go down, there are a few things you can do to best prepare yourself for when the time comes.

Graham Team agent Ashley Parker discusses ways to help you get best prepared.

1) Improve credit score

While you wait for rates to go down, work on improving your credit score. A higher credit score can help you qualify for better mortgage rates, in turn, can make quite a difference to your monthly mortgage payment.

2) Save for a larger down payment

A bigger downpayment means you'll need to borrow less money, which can result in a lower mortgage payment and less interest paid over the life of the loan. 

3) Research neighborhoods, schools & home prices 

Research these things that you're interest in so you can know what you can afford and know exactly what you're looking for in a home. All these things can make the home buying process go smoother and become less stressful.

By focusing on these three things when it comes time to buy, you will be well prepared to take advantage of the lower mortgage rates when they become available. Please reach out to us if you have any questions about any of these topics.

Graham Team Real Estate • (702) 930-9551 • Team@grahamteamnv.com

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980 American Pacific Dr. Ste. 111 Henderson, NV 89014