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Financing

Purchasing a home is a financial consideration taking into account responsibility and consistency. Becoming a home owner is a learning experience for many. The beginning step in the home buying process is considering your finances. Most buyers take out some form of debt when making such a big purchase.
NUMBER ONE  - Get pre-approved.
A pre-approved buyer is informed about the monthly costs and has budgeted the new debt of home ownership.
A pre-approved buyer is ready to make an offer on the right home fit immediately.
A pre-approved buyer is fully vetted about their spending power and will be comfortable making the payments

Time and expectations can be saved searching in any market when numbers are realized.


Do your homework:

• Finding a lender you have trust and confidence in can be paramount in meeting deadlines in order to close the deal.
• Shop around for a mortgage, rates are set by the market but there are costs and fees which can be lender specific
• Tax considerations and deductible expenses should be accounted for.

• Before you make an offer on a home, do some research on the sales trends of similar homes
• Consider especially sales of similar homes in the last three months. This will better prepare your offer