By The Kent Redding Group

AUSTIN, TX. – Are you planning on buying Austin Texas Real Estate in 2017? If so, here are your first steps for buying a home.

Step #1 – Review Your Credit Score

Since the credit side of buying a home is vital to getting the best mortgage interest rate, you should review your credit score now since you will want to have plenty of time to fix any problems or inaccuracies on your credit report before applying for a mortgage loan.

Step #2 – Review Your Budget

Another important thing to do before applying for a mortgage loan is to review your budget and determine the maximum house payment you can afford because even though you may get pre-approved for X, you may only be able to afford the house payment on a Y Austin Texas home.

Step #3 – Think About the Additional Expenses When Buying Austin Texas Real Estate

During the process of buying a home it’s important for you to remember that your home buying expenses are not just going to be the down payment on the home, you will also be responsible for paying closing costs for the inspection and additional mortgage costs which can add up to $3,700 or more so it’s important to save yourself a “cushion” of money when buying a home so you have enough to cover all of your closing costs.

Step #4 – Get Pre-Approved For a Mortgage Loan

After you’ve provided a lender with documentation including your paycheck stubs, bank statements, investments and other required documentation you will be pre-approved for a set loan amount and given a pre-approval letter which you can use for the purpose of purchasing a home.

Your pre-approval will last for up to 90 days so if you’ve been planning on buying a home you should act now and get pre-approved for a mortgage loan before rates continue to increase.  

Search for Austin Texas Real Estate

To get started with searching for Austin Texas Real Estate contact the Kent Redding Group today by calling us at (512) 306-1001 or click here to connect with us online. 



Posted by Kent Redding on


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