If you have rented for years, unfortunately, you do not have to show for all the rent that you gave to your landlord. Because of the various benefits of homeownership, you may be considering buying a home.
Before buying a real estate in Mexico you have to consider how the home-ownership will affect work, family, and your financial situation. Once you weigh the pros and cons of buying a home, if you decide to become a homeowner following steps will help you prepare.
Step One: Get Pre-Approved for a Mortgage
Talk with family and friends and ask them to refer a mortgage professional that they have had a good experience with. You will need to provide your pay stubs, bank statements, tax and other personal information to your mortgage lender.
Step Two: Look For Your New Home
Again, you should talk with your family and friends and ask them to refer to a licensed real estate professional that they have used in the past. You may spend a lot of time discussing the selection of the house and see the homes of potential with your real estate agent, so it is important to be able to rely on and trust the opinions and expertise.
Step Three: Formal Loan Processing
Before signing the purchase agreement you and send your offer through your real estate agent, you should contact your loan officer and ask for the estimated loan. An estimate of the loan is to cover the cost breakdown and monthly payment of the home you are considering buying.