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    A Better Home Buying Experience

    We have many homes to choose from in the Panama City, Florida area, and we know many of you need homes so you can get back to work.

    There are a multitude things to manage when you are buying a home, but your Realtor will take care of that. Here are a few things you should avoid to have a better home buying experience.

    Do Not Make Big Credit Purchases
    It is not a good time to charge large items like a car or boat when you are shopping for a new home. It can negatively affect your debt-to-income ratio. Even buying furniture for your new pad is something you should wait on until after the home sale is complete. Speak to your loan officer if you have questions about charging new items before your home closing.

    Stay With Your Bank
    Switching banks can cause issues with your downpayment funds. These funds should have been available (lenders call this “seasoning”) for the past two months, and if you switched banks. Also refrain from co-signing for someone else’s loan until after you have bought your new home.

    Changing Jobs
    Hang in there at your current job if you have already applied for your home loan. If you did change jobs, definitely let your lender know about this new information so you can be sure that your loan will still be available when you find your dream home, and start the home purchase process.

    Contact us if you have any questions or need advice on the home loan process. We can also set up an interview with one of our experienced real estate agents, if you’d like!

    Erica Day Price, Broker/Owner
    Phone: 850-215-4120
    Email: pcexit@panamacityexitrealty.com

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