The time has come and you are ready to buy, but before you start searching for your next home review this checklist. This list helps you prepare your budget in advance and guide you to financial success in the future.
- Reduce Debt & Increase Credit Score: Before you start looking for your next home you should request a credit report. This will give you a starting point on understanding your credit score before you request a loan. Your credit score will influence the interest rate of your loan.
- Save Money to Set Yourself Up with a Large Down Payment: While it is possible to purchase a home without a 20% down payment it’s best to get as close as possible. This will allow you to have a smaller mortgage rate, Avoid PMI, and receive a better rate. If you do not have a 20% down payment you may qualify for a VA or FHA loan.
- Keep a Conservative Budget: It’s just not the list price that is included in the purchase. Keep in mind there are inspection fees, earnest fees, moving expenses, and typically new furniture purchases that you should prepare for in advance. Along with the initial moving expenses you should also be aware of your monthly budget moving forward. With homeownership comes property taxes, HOAs, home repairs, and more. You want to make sure you are prepared for future budgeting as well.
- Get Preapproved: Your preapproval can help if you are putting in an offer against someone who is not…makes you look like a more ready now buyer. Your preapproval is based on your actual income, debt, and credit history. This is different from prequalification, which is how a lender determines how much you can afford.
- Set Your Home Buying Budget: By getting your finances in line before your first home showing you know the price range of a home that you can actually afford. It is important to set a realistic budget that fits your income level and characteristics you want in a home.
- Find an Agent You Trust: An agent will be able to guide you along the way and educate you n the home buying process. Also, keep in mind an agent usually is very well connected to the other professional you will need before closing day.
As you begin the process to find your next home checking these items off your list will provide you with a more successful home buying experience. Our team is here to help you! Let us know the area and/or neighborhood you are looking to live along with your top needs our team of professionals will assist with finding your next home.
And it is responsible for so much as well. It affects our mobility, structural balance, joint function, flexibility, and not only helps you stand up straight and lift your legs to walk, research shows that this incredible part of our body, is also vital to our psychological wellbeing.
Liz Koch, the author of The Psoas Book, writes that our psoas “literally embodies our deepest urge for survival, and more profoundly, our elemental desire to flourish.” By keeping our psoas healthy, it is entirely possible to improve mental health, or if to speak in yogi terms, having the ability to create healing energy.
Part of the stress response that is in our nervous system is the contraction of the major flexors of the torso. When we go through stress, trauma, or something unpleasant, even if its just small little incident or an argument with a loved one, it is all tied together. Our body responds by tightening the gut, hunching the shoulders, holding it all in tightly as a modern response to protect ourselves. All of the things we have been holding in turns into chronic tension and contraction, and we start thinking of it as normal, we actually get used to the pain.
Because of negative social standards, we have ignored our natural way of releasing tension in our bodies and our psoas, just like animals instinctual shake to discharge tension, we used to do the same- ever heard someone say, “shake it off”? Since early age we have learned that shakes, tremors, or to show vulnerability is a sign of weakness, and that we must hold everything in so tightly instead of just allowing us to let go. If you think back of a time you were crying and very upset about something, didn’t your body automatically start to shake and tremor?
Our bodies are filled with incredible capabilities, many we take for granted or don’t even pay much attention to.
Source: Mandy Martini’s blog