Stop overcomplicating things! Your fully-customized Ideal Home Loans Home Purchase Plan breaks your home buying journey down into five simple, easy-to-understand sections. The 40-page profile takes your home ownership goals, credit, finances, and down payment resources into consideration and provides you with a detailed plan and timeline for saving money, getting pre-approved, searching for properties, closing the sale, and moving.
Your Home Purchase Plan At-A-Glance
This section of your plan takes the guesswork out of when and where you should be in the home buying process. Your unique report displays the steps you need to take based on your current lease situation and when you’re planning on buying. It tells you when to get pre-approved, when to start looking for a home, and when you should be under contract and close in a way that correlates with the end of your lease.
Your Credit Profile
Here, your Home Purchase Plan lets you know which types of loan programs you can qualify for, based on each of your three major credit scores. You’ll be able to see how your score stacks up against others within the Denver Metro area and throughout Colorado. This information can be used to help determine where you stand and to make decisions about how to improve your position when you’re ready to buy.
Your Credit Plan
Now it’s time to look at the actionable steps you can take to better prepare yourself for obtaining a home loan and purchasing a property. Your credit plan offers a snapshot of your existing credit accounts, limits, and balances, in addition to how your available credit ratios impact your ability to qualify for certain loans. It helps you see where you may need to pay off certain debts, and it acts as a guide for what to pay off, and in what order. You’ll notice goals for your other accounts and get suggestions for raising your credit scores as quickly as possible.
Your Buying Power
This section is all about empowering you as a home buyer. By considering your current income and/or future income goals, your Ideal Home Loans Home Purchase Plan generates a report on all of your qualifying ratios, including the maximum amount you can expect to qualify for. You’ll get a readout of multiple home purchase price scenarios featuring your total mortgage payment and tax costs so you can pinpoint the best price range for your needs. Here, you can make decisions about what you can afford and what types of homes and price ranges you’ll be looking at.
Buying My Home
Finally, you’ll be presented with a detailed, 12-step approach to buying the home of your dreams. This section explains the different people and processes involved with buying a home so you know what to expect. Each step breaks down what it is you need to do and what’s involved, and it provides inside information and tips for making smart decisions. This section is designed to keep you on target throughout each step of your journey.
Could it be any simpler? Get in touch with Ideal Home Loans today to start building a custom Home Purchase Plan of your own!