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The simple answer is yes, you can. And we’re here to help you do it with ease. First things first: you need to figure out if you’re mortgage ready. Let’s address some of the basic things you need to get in order before you start the process.

Here’s what you need to think about.

You’re going to need some funds

No, we’re not talking about using a credit card. Your down payment has to be in verified funds. The more funds you put toward your down payment usually results in lower monthly mortgage payments.

Verified funds |n.| A trackable form of payment”

Another reason for putting down more funds upfront is the possibility to forego purchasing mortgage insurance. It’s one less expense to worry you. The minimum down payment to eliminate mortgage insurance is 20 percent.

Contact a loan officer

Now, it’s time to contact a loan officer in your area. Remember that down payment? Figuring out how much you need for it is easier with the guidance of a loan officer. You may be able to find a great one here.

A loan officer will be able to help you calculate how much you can afford in a monthly payment and get you started on your home buying journey.

Your credit score is important

Your credit score plays hand-in-hand with buying a home. Your ability to control your debt shows you can handle a loan and that’s what lenders are looking for the most.

One of the first financial aspects lenders such as Movement review is your credit score. Your credit score can help determine if you can afford a mortgage because it shows – to a degree – how responsible you are with money.

When it comes to planning and buying a home, patience is key. Understand that it is a process, but with the right guidance, it’s a process you can enjoy.


About the Author:

Jessica Odom

Jessica Odom is a copywriter at Movement Mortgage and contributing author to the Movement Blog. Jessica is renown for her witty repertoire and ability to churn out pithy content. When she’s not regaling colleagues with details of what she plans to cook for dinner each night, she enjoys eating copious amounts of popcorn, working out and serenading the office in all kinds of music, especially '90s hip-hop.