When buying a home, you'd assume the first thing to do is start looking at properties. Vice president of Tropical Financial Credit Union, Amy McGraw told us that's not the first step, and let us know the correct way to do things to ensure an easy move.
Rather than finding the home of your dreams and then realizing you can't afford it can be heartbreaking. The first thing you do should be finding out how much you can afford by speaking with a financial advisor. Make sure you can get approved for the loan you need or mortgage payments.
Tropical Financial has a great program called Home Advantage to help buyers find the neighborhood they want to live in. The website offers information on crime rates, school districts, and more. Finding the location will give your financial advisor a good idea of how much you would need to get approved for.
By working with Tropical Financial, buyers will be able to work with an approved real estate agent who's been vetted by the company. They also agree to give the buyer about 20% of the commission on closing, which is usually over $1,000, says McGraw.
Head over to https://www.tropicalfcu.com/ to start your journey into your next home.