Last week, we started talking about how you can become a homeowner with our "How to Become a Homeowner in 10 Steps: Steps 1 - 5" blog post. This week, we're continuing with steps 6 - 10, the final steps to homeownership.
Step 6: Gather the Funds
Now that you've chosen the right home for you and your family, you need to select the right loan. Yes, you've been pre-approved for a specific loan amount, but there are hundreds of different loan types and lenders out there. Answering the questions below will help determine which kind of loan will be most suitable to your situation and needs.
- How much would you like to put down?
- How is your credit?
- Are you a first-time buyer?
In order to get the actual loan, you'll need to fill out an…