12 S​teps to Homeownership

Step 1: CreditStep 1: Credit

It's important that you prepare to purchase your home a year prior to purchase and the first thing to focus on is your credit.It's important that you prepare to purchase your home a year prior to purchase and the first thing to focus on is your credit.

Step 2: FinancesStep 2: Finances

Take a critical analysis of your financial needs, projections, income, investments, savings, 401K, etc.Take a critical analysis of your financial needs, projections, income, investments, savings, 401K, etc.

Step 3: InsurancesStep 3: Insurances

Make sure you have the protection and coverage needed for your family. Make sure you have the protection and coverage needed for your family.

Step 4: BusinessStep 4: Business

Make sure your income is at least twice the amount of your mortgage and expenses. Make sure your income is at least twice the amount of your mortgage and expenses.

Step 5: LocationStep 5: Location

Observe your location of choice morning, noon and night to get a sense of your neighbors, businesses and community. Observe your location of choice morning, noon and night to get a sense of your neighbors, businesses and community.

Step 6: SchoolsStep 6: Schools

Visit the area schools.Visit the area schools.

Step 7: Number of RoomsStep 7: Number of Rooms

Have a good sense of what number of rooms can best accommodate your needs. Have a good sense of what number of rooms can best accommodate your needs.

Step 8: Can My Home Create Income?Step 8: Can My Home Create Income?

You shouldn't be working to pay for your property, your property should be paying you. You shouldn't be working to pay for your property, your property should be paying you.

Step 9: Get a Loan ApprovalStep 9: Get a Loan Approval

Step 10: Choose an agent who is familiar with the area you want to live in.Step 10: Choose an agent who is familiar with the area you want to live in.

Step 11: Narrow down properties within your area, your income, your liking.Step 11: Narrow down properties within your area, your income, your liking.

Step 12: Do your inspections and get a warranty.Step 12: Do your inspections and get a warranty.

Speak with your agent and lender about closing costs.Speak with your agent and lender about closing costs.