House-hunting Tips

Simplify Your SearchBefore you even start looking, contact me to discuss howmuch home you can afford. This assures you won’t settle forless home than you can purchase, or waste time looking athomes outside your price range.Shop SmartReal estate and lending professionals agree that securingmortgage preapproval is a very wise decision. With ourpreapproval program we can determine your price rangeand place you several steps ahead in the mortgage process.Select the Right AgentThere is no secret formula for home selection, and your bestbet is to find an experienced agent who knows the marketand is loyal to your best interests.Place Your Home Mortgage Needs in Experienced Hands I will listen to you, help tailor a program to your needs andgoals, and provide personalized service every step of yourway home

Thing to Consider when Buying a Home

Can You Qualify for a Mortgage?Determine your debt-to-income ratio. If a loan program uses a 28/36qualifying ratio, it means you are allowed to spend no more than 28%of your gross income on monthly mortgage payments, and no morethan 36% on total debt. This includes debt such as car and school loans,credit cards, child support and alimony. If a person earns $60,000peryear, their monthly gross income is $5,000. Under the 28/36 guidelines,their maximum monthly mortgage payment should not exceed$1,400, while their total monthly debt should not exceed $1,800.How Much Home Can You Afford?Down payments are generally paid in cash, due at closing, and arebased on a percentage of the selling price of the home. You can savemoney – between $20 to more than $100 a month – if you can make a down payment of 20% or more and avoid the cost of mortgageinsurance. If you don’t have 20% to put down on a home, don’t worry.There are many affordable mortgage programs available, includingloans that require little or no down payment. In addition, some veterans, active-duty military personnel and reservists are eligible for zero-down-payment programs.How’s Your Credit?All lenders require a credit report that contains various personal financial data, including loan payment information, bank and creditcard accounts and more. If you are interested in obtaining a copy ofyours, you can call any one of the many credit bureaus throughout the United States.

Things to Consider Before Buying a Home

For many people,buying ahome is the single biggestinvestment they will makein a lifetime.The so-called“right time”is different for everyone.Before making a decision to buy a home,ask your lender to help you answer the following questions.

The First Time Home Buyer

Dreams of homeownership come true more often these days. That’s because more aspiring homeowners are taking the all-important first steps of sharing their dreams with us. And to their surprise, they never dreamed that buying a home could be so easy!

फर्स्ट टिम होम बुयेर

Dreams of homeownership come true more often these days. That’s because more aspiring homeowners are taking the all-important first steps of sharing their dreams with us. And to their surprise, they never dreamed that buying a home could be so easy!