1.  Make the Decision to Buy
If you are tired of paying the rent each month and nothing to shop for it, the ownership of your offersnumerous benefits. Moreover,  the gratification of being a proprietor, you can certainlyhave tax deductions and can get benefits in return from the government, say goodbye to the landlords and most importantly start building home equity.

The first step in buying a house is to decide to buy. You must consider all the reasons why you want to buy a house.

1.  GetQualified Guidance
It is highly recommended that you are pre-approved before you start looking for homes to avoid looking for aproperty that is outside your range. You can contact a loan officer, a bank. You must consult someone reliable and trustworthy because it is the biggest investment you might go to make.

2.  Get Pre-Qualified
It will help if you get qualified for the mortgage. By pre-qualified, we mean that you are qualified for a specific amount. The lender will consider following points before declaring you qualified for the mortgage:

• The clean credit history of past 2 to 3 years.
• Employment history.
• Property value.
• 3 to 4 trade lines (such as student loans, car loans,) on your credit report.

The credit report will decide your interest rates, your choice of mortgage and remortgage loan programs,etc. The bad credit remortgage and mortgage loan does not exist. So, one should keep a strict eye on this aspect, especially.

3.  Begin the Hunt
Search all the resources in the market to get the one that best suits your criteria. You would need to refine your research to get your dream home. The house of your dreams can mean different things to different people.

Remember that you would probably move about 2 to 3 times before you settle into the actual house of your dreams. When you find it, it is the time for you to put in an offer with your mortgage banker. The offer presented to you is normally presented in the form of an earnest money cheque.

4.  Negotiate the Deal
It is normal to receive a counteroffer when your first offer is submitted. Discuss it and decide whether or not accept the offer. Submit your own offer and then move on. Before you start negotiating the deal, set limits on how much you are willing to offer for the place and make sure to stick to those limits.

5.  The Closing Period
However, since you are pre-qualified before started looking for homes, you are already close to the end. Just collect the required property figures your creditor needs to close the loan.

6.  Close the Deal
You’ll receive a decent estimate of cost at the loan application which is requested to the creditor. Your retailer and mortgage lender would be willing to review the estimate. You can always negotiate the closing cost with the seller. Remember that the actual closing of the deal 30 to 60 days in order the loan to get approved and finalized.

7.  Move In
It’s the best time to own your new house and then make it a home. Congratulations.