Homebuying Tips You Don’t Want to Miss
When it comes to buying a home, there is a lot of homework to do and much to consider. The process can be overwhelming at times, especially when there is a lack of knowledge and guidance at such a critical point in life. BIC Homes has Sales Representatives who are experienced in Real Estate and knowledgeable about every part of the process, guiding you in the right direction to make your homebuying experience as seamless as possible. In this blog, you will find a couple of important tips you do not want to miss when buying your home.
- Mortgage Pre-Approval
- Contact one of our preferred lenders to obtain a mortgage pre-approval that shows the amount you are approved for. After the pre-approval, you can narrow down your search to homes within your budget. Save time and understand how much you can afford before falling in love with a home. Additionally, pre-approvals can help you lock in your interest rate for a set amount of time.
- Don’t Skip the Inspection
- BIC Homes has Three-Phase private inspections done to ensure we are delivering a high-quality, functional, and durable home. The first inspection is done before pouring the slab; the second is done once framing is complete; the third and final inspection is done once the home is complete. All of our inspections are performed by Independent Third-Party Inspectors.
- Calculate True Monthly Costs
- Your mortgage payment is just the beginning; factor in property taxes, homeowner’s insurance, and HOA fees (if applicable).
- Build and Protect Your Credit Score
- Your credit score is an indicator that lenders consider when deciding to give you a mortgage loan and the interest rate the lender will charge. We advise waiting until after closing on your home before making any major purchases such as a new vehicle, credit card, or any line of credit, as this can take a hit on your credit and affect your transaction.
- Compare Lender Incentives
- BIC Homes offers up to 6% Builder Contribution when financing through our preferred lenders; this can be used towards your closing costs or interest rate buy-downs. Compare incentives with different lenders before committing to one for your mortgage loan.
- Confirm Warranties
- BIC Homes offers 1-2 year warranty and up to 10 years with Home of Texas. All warranties are explained in detail during Home Orientations, and warranty documents are forwarded to homeowners. We invite you to compare warranty coverage locally; you will find that BIC Homes has the best warranty in town.
