Buying a home is a great achievement, and is a large financial undertaking. Most buyers have a lot of questions about the finances, process, and timeline of purchasing a property. Below are ten of the most common home buying questions that I am asked, as well as my answers. Once you have a thorough understanding of the process, buying a home will seem much less intimidating. If you have questions beyond these ten, feel free to contact me and I will be happy to assist.
How do I set my budget?
Answer: If you are paying cash, you are the only one that can decide what your budget is. If you are getting a mortgage, your pre-approval will help you set your budget. You are approved to buy a home in the amount of the pre-approval or
Congratulations for preparing to purchase a property! There are three main steps in the home buying process, and I will break each one down for you below.
Buying a house is a very large financial transaction. Before doing anything else, you should figure out how you will be paying for your new home. The two main ways are cash or a mortgage (loan). If you'll be paying cash, your Realtor will need to get a copy of your proof of funds (can be a bank statement with sufficient funds, with account number and personal info blurred out). If you will be obtaining a mortgage, see the information below.
First, you'll want to call a mortgage lender. You'll want a mortgage lender who has plenty of experience, great referrals, and is