Home Buying Tips

on June 30, 2013

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?


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.


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.


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.


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?



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


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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