Buying a home? Here are three important steps to take
Sponsored by MassHousing
4/20/2017, 2:51 p.m.
The road to homeownership is full of bumps and dips, twists and turns. And while everyone’s route is unique, there are a few steps all homebuyers should take to ensure that they arrive in one piece:
Take a look in the mirror
Buying a home is one of the biggest purchases you’ll ever make. So it’s important to have a clear financial picture before you get started. Check your credit, explore your income, savings and debts and set your budget. Having a solid grasp of your finances will ensure you begin the homebuying process on solid ground.
You’ll find worksheets, assessments and other tools in MassHousing’s Homeownership Resource Directory.
Get smart – Homebuyer Education
Knowledge is power. Familiarizing yourself with all things homeownership will set you up for success over the long term. Whether it’s in person or online, a homebuyer education class will help you find a home, negotiate an offer, get a quality mortgage and handle the responsibilities of homeownership.
Not any lender will do
Just because someone is willing to loan you money doesn’t mean you should take it. Not all banks are equal, and not all loans are equal. A good lender won’t steer you into a loan you can’t afford, won’t hit you with hidden fees or other surprises, and won’t forget you the minute your loan is closed.
MassHousing works with responsible, committed lenders across Massachusetts. Find a lender near you.
Meet MassHousing, the leading resource for homebuyers in Massachusetts
MassHousing has helped thousands of Massachusetts residents buy a home. Along with our affordable mortgage products, MassHousing provides information, tools and resources for homebuyers and partners with responsible lenders and community organizations to promote successful homeownership in every corner of the Commonwealth.
No matter where you are in the homebuying process, you’ll find helpful information, programs and resources at www.masshousing.com/homeownership.