The coronavirus has put a stop to so many things we love to do every day. Here’s how to keep it from putting a stop to your dream of homeownership.
Putting a pause on your homebuying process because of the coronavirus pandemic would be a huge mistake. Not only might you miss out on the opportunity to save money and find your dream home, but you would be putting off achieving one of life’s most rewarding goals.
If you think buying a home right now would be more difficult, the good news is there are plenty of resources available to see you through.
Find your tribe. There is no reason to go through the homebuying process alone. In fact, having someone to guide you can help you be more prepared and improve your chances of getting approved for a mortgage. The HomeFree-USA family is able to do that for you. A HomeFree-USA advisor can tell you what specific steps you might take to make the best impression on lenders.
Know your stuff. Knowledge is power. The more you know about the homebuying process, the easier the homebuying process will be. One of the best actions you can take is to sign up for eHome, an online class that teaches you about the homebuying process and qualifies you for down payment assistance. The average amount of money HomeFree-USA finds for clients is $35,000. Take the eHome course and see how HomeFree-USA can help you.
Put your stimulus check to work. If you received a $1,200 Economic Impact Payment as part of the coronavirus recovery process, you can use that money to further your homebuying dream. Add it to your down payment fund, pay off debt or use the money to pad your emergency savings.
Find a home virtually. Even if you are socially distancing, that does not have to stop you from moving forward with your homebuying plans. Not only can you check out listings online but many real estate brokers and agents will let you conduct virtual walk-throughs of a property so you can view it from the safety of your own home.
The coronavirus has put a stop to so many things we love to do every day. Don’t let it put a stop to your dream of homeownership.