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Everyone has a vision of what their dream home looks like. Some people love a spacious kitchen and others love a big, open backyard complete with a swimming pool. Once you have decided what you want in a home, you may ask yourself, what is the next step? The answer is that you must prepare for the mortgage process.

Setting yourself up for success includes preparing for the mortgage process. Lenders look for potential homebuyers who have a few things nailed down. It makes them more willing to approve the loan you are looking for.

For this post, we talked to mortgage professionals and asked them what people should work on when looking to buy a home. The sections below talk about credit scores, budgets, and the down payment on a home.

First: Assess your credit

The better your credit score, the more likely it is that you will get the home you’ve always dreamed of. According to FICO, mortgage industry most credit scores range from 300-850. Scores on the higher end of this spectrum increase your chances only securing the home you want.

Second: Determine your budget

Creating a budget is essential to make sure you can afford what you want to buy. Figure out what houses are in your price-point so that you don’t fall in love with a “forever home” outside of your budget. This tip is a life saver – believe us!

Third: Understand down payment

Down payments are one of the most important steps in buying a home, although some loan programs may not require one. A down payment typically represents a percentage of the full purchase price. This is money you should save, set aside, and have ready for the home you get approved for.

Now that you have more information on the preparation necessary for buying your dream home, in our next blog post, we will discuss the actual process. It will not be anything too difficult to follow. We will keep it straightforward to build your confidence in finding your dream home.

While you check out the Schutze Team Facebook page, stop by our website at theschutzeteam.com to see how much you can save on your mortgage by refinancing with a low mortgage rate. Call the best mortgage lender in Texas, John Schutze’s Texas Loan Experts Team in Austin at (512) 775-6820 or visit JohnSchutze.com to apply now. Texas Loan Experts has the lowest rates on ConventionalFHAMortgage RefinancesJumbo LoansDebt Consolidation LoansRate and Term RefinancesCash Out Refinances, and HARP Loans. We are also the exclusive home for Hero.Loan VA Mortgages. We will come to you to close your loan. Nobody gets lower mortgage rates on better loans than Texas Loan Experts.

John Schutze

John Schutze

John Schutze was born and raised in Austin, TX and graduated from Texas State University with a degree in finance. Beginning his career as a financial advisor, John has a unique perspective when it comes advising his clients on the best mortgage type for their financial plan. With almost 20yrs experience in the mortgage industry, John has helped over 1500 families purchase or refinance their home.

John Schutze

As one of the area’s top mortgage bankers for over 17 years, John Schutze considers his #1 goal to be providing a smooth and predictable mortgage experience for all involved. Named the 2017 Mortgage Professional of the Year by Austin Monthly, John has also been consistently selected for the Austin Business Journal Top Producer List.

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    Why Choose

    The John Schutze Team

    CUSTOMER SERVICE
    Our customer first approach to mortgages is what separates us from all of the other banks and mortgage companies. Our team will walk you through the process to ensure that your loan closes in a very timely manner. Our competition may think our philosophy on face-to-face customer service is excessive but our clients sure do appreciate it.

    WE ARE THE EXPERTS
    Our team has set the standard in the mortgage industry. We hire only the best in the business. Our knowledge and experience is unmatched. We continue to train and study new mortgage loan programs to make us the best choice for mortgage refinancing and home purchases, debt consolidation, Conventional, FHA, HARP, VA, and Jumbo Loans available.

    BETTER HOME LOANS WITH LOWER MORTGAGE RATES
    We provide you with several different mortgage loan options to ensure that you find the mortgage loan program that best fits your needs. Because of the volume of mortgage loans our team closes and the great relationships we have forged within our industry, we’re able to offer the most competitive mortgage interest rates to our clients.

    WE ARE MORTGAGE LENDERS, NOT MORTGAGE BROKERS
    As a direct mortgage lender, our process has been streamlined from start to finish. Having the entire mortgage loan process contained under one roof allows us to quickly and efficiently close your loan. Our ability to use the newest mortgage loan products and underwrite our own files, allows us to approve loans that our competitors can’t.