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5 Tips to Make Home Buying Easier  

#1: When choosing a realtor, it’s important to do a little homework first. You can ask realtors for a list of what they’ve sold and listed in the past year along with contact information. You can also look up their licensing information. Once you find a realtor you like, take a look at how long they’ve been in business and check out their current listings. Do they give attractive presentations of the homes?
 
#2: Next, it’s time to get preapproved. To apply for a mortgage at FORUM or get answers to questions, call our Mortgage Specialists at 317.558.6160 or email us at forummortgage@forumcu.com. It’s also important to understand the fees associated with buying a home. Click here for a worksheet on calculating one-time fees. In addition, you have access to numerous free mortgage calculators on FORUM’s website to help you estimate closing costs, determine your mortgage term, calculate your monthly payments, and more.
 
#3: Now it’s time to make a wish list – this is the fun part! How many bedrooms do you want? Do you want a closed or open floor plan? Do you want a ranch home or a two-story? How many bathrooms do you need? Make notes on the items you won’t budge on, and the items you can be flexible with. This will help when it’s decision time.
 
#4: Before you close on the house of your dreams, don’t skip the home inspection! The cost of a home inspection may run between $200-$500, but the value you receive back from a qualified home inspector is well worth it. They are able to alert buyers to any potential water damage, the condition of the roof, and other trouble spots. If something is found, this could give you a bargaining chip, or help you move on to another home.
 
#5: In the midst of all the excitement, it’s a good idea to keep your finances in order. Make sure you understand your credit score. You can receive a free credit score and analysis at FORUM. It’s also helpful to keep track of and reevaluate your budget. Click here for a simple budgeting worksheet to help you get started.
 
On your journey to buying home, FORUM offers a free mortgage resource center. You can also discover what mortgage loans are available to you on our website.