Buying a home is one of life’s biggest decisions and owning a home is a big commitment. That is why we have a full staff of professionals who are equipped to help you make the best decision for your future. Our knowledgeable agents will be able to advise you on the most beneficial governmental programs and first-time homebuyer programs that can work for you!These programs will help with down payments and closing costs. In addition, we have partnered with mortgage brokers who will provide you with the best options available to you. This includes down payment assistance and other closing incentives.
In addition, we have compiled a short list on what to look for before getting ready to purchase a home.
Examine your credit. Many lenders will look at your ability to repay a loan; and your credit score will be one of the primary determining factors.
Check the selling prices of similar homes in your areas of interest. (This will help educate you on the current prices of homes in your areas of interest)
Estimate your monthly housing expense (This includes taxes and home insurance). Contacting an insurance agent for an estimate will give you a head start on the buying process. Visiting your local property appraisal website will give you an estimate on what to expect in taxes. Please keep in mind certain exemptions can create a difference in the tax amount the current homeowner is paying versus a future homeowner.
Calculate how much funds you are working with to close. Closing cost include title services, origination fees charged by lender, taxes and prepaid items like homeowners insurance or homeowners association fees.