March brings the excitement of upsets, buzzer-beaters, and championship dreams—but in homeownership, success isn’t about luck. It’s about strategy, preparation, and having the right team behind you.
Just like a basketball team executes plays to secure a victory, homebuyers and homeowners need a game plan to navigate the mortgage process. Whether you’re buying your first home, upgrading, or refinancing, the winners in real estate aren’t those who take risky shots—they’re the ones who stay disciplined, make informed decisions, and execute a solid financial strategy.
If homeownership is your goal in 2025, it’s time to step onto the court with a winning mortgage game plan.
First Quarter: Assemble Your Dream Team
No championship team wins alone, and neither does a successful homebuyer. The right team makes all the difference.
- A Skilled Lender (Your Point Guard): The point guard runs the offense, sets the plays, and keeps the team in position to score. Your lender does the same—helping you explore loan options, secure pre-approval, and develop a winning strategy.
- A Top Real Estate Agent (Your Shooting Guard): This player has the skill to locate the best opportunities, negotiate deals, and guide you through the process.
- A Financial Advisor or Planner (Your Coach): Just like a coach prepares a team for success, a financial expert ensures your mortgage fits into your long-term wealth-building strategy.
Key Takeaway:
Build a strong team that communicates well, understands your goals, and works together to achieve them.
Second Quarter: Study the Playbook (Know Your Loan Options)
Championship teams study film and analyze strategies. Homebuyers should take the same approach when evaluating mortgage options.
- FHA Loans – Ideal for first-time buyers with lower down payments and flexible credit requirements.
- Conventional Loans – Best for buyers with strong credit and stable income.
- VA Loans – Offers exclusive benefits for veterans, including zero down payment and competitive rates.
- Buy Now, Sell Later (BNSL) Loan Program – Provides flexibility for homeowners who want to purchase their next home before selling their current one, eliminating contingent offers.
- Refinancing – Can help lower your rate, reduce your loan term, or unlock cash equity to improve your financial position. Sign up for rate alerts or a personalized consultation!
Key Takeaway:
The right loan program is like the right offensive strategy—it positions you for success. A knowledgeable lender will help you find the best fit.
Halftime: Check Your Stats (Credit, Budget & Savings)
Winning teams adjust at halftime to ensure victory. Before jumping into the mortgage process, take a step back to evaluate your financial position.
- Credit Score: Higher scores unlock better loan options. Improve yours by paying down balances and avoiding new credit inquiries.
- Budget: Know your monthly income, debts, and expenses to determine how much home you can afford.
- Debt-to-Income Ratio (DTI): Lenders use this metric to evaluate your ability to repay a loan. A lower DTI increases your buying power.
- Down Payment & Closing Costs: Even if you qualify for low down payment options, having extra savings provides greater financial flexibility.
Key Takeaway:
Preparing your finances now ensures a smooth homebuying experience and prevents last-minute surprises.
Third Quarter: Avoid Turnovers (Common Mortgage Mistakes to Watch For)
Mistakes in the mortgage process can cost you your dream home. Here’s what to avoid:
- Making Large Purchases Before Closing: Avoid buying a new car or opening new credit accounts, as this can impact your debt-to-income ratio and delay loan approval.
- Quitting or Changing Jobs: Lenders look for stable income before approving a mortgage. If possible, avoid job changes during this time.
- Skipping Pre-Approval: House hunting without pre-approval is like stepping onto the court without a game plan. Pre-approval shows sellers you’re serious and ensures you’re shopping within your budget.
Key Takeaway:
Protect your mortgage approval by making smart financial decisions throughout the process.
Fourth Quarter: Close Strong & Secure the Win
The final stretch is all about execution. Stay in close communication with your lender and real estate agent, respond promptly to any document requests, and prepare for closing day. When you sign the final papers and receive the keys to your home, you’ve officially won the championship.
Final Buzzer: Are You Ready to Play?
- Buying a home or refinancing in 2025?
- Curious about the Buy Now, Sell Later Loan Program?
- Need a mortgage expert in your corner?
The housing market in Illinois and Wisconsin is competitive, but with the right strategy, team, and execution, you can come out on top. Let’s build your mortgage game plan and make 2025 the year you achieve homeownership success.
Meet one of our Mortgage Coaches: Joe LaGiglia
Joe LaGiglia is a Senior Mortgage Loan Originator at Oak Leaf Community Mortgage, powered by North Shore Trust and Savings (NMLS #438265). With a nationwide license, Joe specializes in helping homeowners and buyers craft winning mortgage strategies.
Call or Text: 630-936-3242 (NMLS #703971) or Visit Joe’s Website
This message is written by Joe LaGiglia of Oak Leaf Community Mortgage, NMLS #703971. Equal Housing Lender. Member FDIC.
