Posted on: 30th Apr, 2013 01:05 am
I am planning to purchase a property. Where do I start from?
You should speak to a mortgage professional in order to clarify all your doubts about applying for a mortgage and reviewing your credit. This should be your first step toward home buying.
Start by conducting your own research and collecting as much information as possible from the Internet. Get acquainted with the location wherein you'd like to choose the property you're looking to buy.
You should try to build up a solid savings fund so that you can make the necessary 20% down payment that'll help you to qualify for better mortgage rates.
Try to save money to make 20% down payment to make the mortgage rates affordable.