Home Buying Tips

on June 30, 2013
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Buy Or Rent

Buy or Rent: The decision to buy a house can be the biggest financial decision most people make. There are several questions to ask yourself before buying. Do you have a steady income? How long do you plan on staying in the house?

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Pre-Approval Letter

Get Pre-Approved Before Shopping: A pre-approval letter from your lender will verify you can afford an amount over a certain period of time. Most real estate agents will require a letter before looking at property and can give you leverage with the home's seller as well as.

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Finding The Right Agent

Choosing the right real estate agent can save you time, effort and aggravation in finding the perfect home at a price you can afford.

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How much house can you afford?

Before buying a new home, it is important to consider the maximum amount you are able to afford. Your payment should not exceed 25% of your income.

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Mortgage Options

Which loan options are right for you? There are many factors to consider. How much of a down payment you are able to put down? Terms?

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Foreclosures

Consider Foreclosures: Buying a foreclosure is not without risks but could pay off in the end.

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Ownership Costs

Cost of Owning: The cost of owning your own home must be considered along with your monthly mortgage payments such as utilities, taxes, insurance and up keep costs.

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