Skip To Content

Preparing to Buy a Home

Buying a new home is an exciting time in anyone’s life. With careful planning, research, and some help from the right people, the process of buying your first house can be all that you hoped for.

Things to know:

  • Getting prequalified or preapproved through a lender is a good way to figure out affordability.
  • To get preapproved, you will need to submit information that shows lenders your ability to pay back what you borrow.
  • There are four main costs to buying a home: the down payment, closing costs, prepaid charges such as real estate taxes and insurance, and moving costs.
  • When shopping, compare home prices with the prices of similar homes in the same neighborhood.
  • Here are ESL's five steps to get a mortgage.