Buying A New Build Home: A Step-By-Step Guide
Buying a new house is equal parts exciting and tedious. As a homebuyer, there is a range of different factors you need to take into consideration before, during, and after the purchase is made. If you are embarking on a new journey of buying your own house, here is a small home buying guide and the major steps involved in getting a new home to help you make the process smoother: Get a mortgage in principle If you are planning to get a mortgage for purchasing your new build property, it is important to start by getting a mortgage in principle . This is a statement from your mortgage lender about the estimated amount you are eligible to borrow from them before you finalize the purchase of a property. While a mortgage in principle is not a legal document and does not give a 100% confirmation about the mortgage you would receive, it gives you a kick-start and lets the developer or seller of a property know that you are serious about making the purchase. Mortgage in principle w
