• August 22, 2021

 Kevin Seawright’s Advice on Factors to Consider When Buying a New Property

The house buying process starts with finding out what the procedure entails and looking for your perfect house. After that, you need to secure funding if you don’t have enough money to purchase the kind of house you prefer. Apart from that, Kevin Seawright recommends the following as you prepare to buy a new property.

He Recommends That You Understand How Lenders Determine Eligibility

It is essential to understand how lenders determine eligibility because mortgage lenders have stricter lending requirements than other financial institutions. According to Seawright, the mortgage lender you approach might consider your total current debt and your payment patterns in the previous loans you had acquired. They might also consider your type of job and the duration you have been employed.

If you don’t have a good score, Kevin Seawright recommends that you talk to the lender to approach and seek their suggestions on how to improve it to enable you to qualify for better rates. According to him, better rates will save you a significant amount of money, especially if you have a more extended repayment period.

He Recommends That You Find the Right Real Estate Agent

Kevin Seawright also recommends that you compare different real estate agents before deciding the one to work with. When comparing the agents, ask for references from their clients. Then, visit their websites and read several reviews from their clients. Seawright recommends that you consider the context and check the date each client wrote on the page. Most importantly, when you visit the real estate agent websites you would like to work with, check the number of buyers they represent annually.

Kevin notes that with adequate preparation, your property buying process will be more enjoyable. That is why he recommends that you take the measures above when you decide to buy a house. He also suggests that you set aside some time to look at houses in different neighborhoods to enable you to make an informed decision on the home that suits your family. Learn more: https://peoplepill.com/people/kevin-seawright