ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

What to know about Purchasing a Home

Updated on June 2, 2015

Do I find a home first?

Looking for a new home is exciting and scary all at the same time. What is the first step?

Do I find a home and make an offer then get approved? Or, Do I get pre-approved and then find a home and make an offer?

It can be very confusing on the first step to purchasing a new home. It is always important to find out how much you qualify for, before you start looking. There are many websites that will allow you to run an estimated mortgage loan payment to see if you can afford the home price you are looking at. United Mortgage Corporation of America has a great, free advice.

Purchasing a Home?

Turn the home of your dreams into reality. Whether you are buying your first home, second home, or vacation property, use this FREE self-help tool to determine exactly what type of purchase loan is best for you.

Begin Process...

Do you know what your credit score is?

Do you know what your credit score is? Why do you need to know what your credit score is? Well your mortgage interest rate is based off what your scores are. Did you know that you have 3 different credit scores? Banks and Mortgage Brokers go off your credit score to determine what mortgage interest rate you qualify for. Credit scores range from 350 to 850, with 850 being the best score you can get.

Before you start shopping for a home, check your credit score. There are a few different companies out there that won't have a huge effect on the overall score when your credit is pulled. Pulling your credit will also have an effect on the overall score due to the number of inquires. The more inquires you have, the lower your credit score will go down. It looks like you are applying for a lot of credit it you have your credit pulled a lot in a short time period.

What about your debt?

Do you have 3 or 4 credit cards in your wallet? Did you decide to purchase a new car or RV? Make a budget to determine everything you make payments on every month. This will also help make sure you don't have anything on your credit that you are unaware of. For personal reasons, add in your utilities, food and other items you spend money on a monthly basis into your budget also. Monthly utilities are typically not included in any figures when purchasing a home but does have a huge effect on your budget.

Have your real estate agent pull up a utility report for the house you are purchasing to see the difference in the power/water bill from what you are currently use to paying. Some homes use more power/water than others. This will help keep you on track with your monthly budget.

Finding a good Mortgage Broker

Its important to find a good loan officer to work with. A good loan officer will help guide you through the steps in purchasing your home and answer all the questions you are going to have about a mortgage. Even if this is not the first house you are purchasing, it's still a good idea to ask questions because in the mortgage industry, things are always changing.

The team at United Mortgage Corporation of America has a knowledgeable and friendly staff on board to help guide you through the process.


    0 of 8192 characters used
    Post Comment

    No comments yet.


    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

    Show Details
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)