 |
home | search | email |
 |
|
|
| Preparing to Buy |  |
|
Where do I want to live? Think about area - do you prefer a suburban setting, or is an urban location more your style? Would you like a home in the country? Is it important to be within 15 minutes of your place of work? Do you need to remain in a specific school district? Do you prefer a new home in a new subdivision with a clubhouse? Or is an older, established neighborhood with mature trees lining quiet streets what you’re looking for? Or does a patio home or condominium and the thought of no exterior maintenance appeal to you? What do I need and want in a home? Start a list of what you need and want in a home. You may need four bedrooms and two baths to accommodate a growing family. You may want an in-ground pool for family entertaining. A home office may be a need if you work from home now or a want if you’d just like a quiet place away from the family to pay bills and reconcile your checkbook. Thinking ahead about what’s important to you and your family, what you have to have in a home, will help you narrow down the list of possibilities when you begin looking for a home. How much home can I afford? The amount you can afford to spend on a home is the total of the amount of cash you have available as a down payment and the amount you can qualify to borrow based on your income and credit rating. Talking with a lender early in the buying process can help you determine the amount you may borrow toward the purchase of a home. By applying for your loan prior to beginning your house hunting, you may become pre-approved, giving you an advantage over other buyers interested in the same home. If you’re not yet ready to talk with a lender, you can still determine an approximate mortgage amount by making some simple calculations on your own. Click here to learn more. |
|
Planning
ahead can make all the difference when you begin your search for
a new home. Taking time to consider what type of home you want and
starting the loan process early will give you a head start when
the time comes to actually begin looking at homes.|
|
