Making Your Real Estate Dreams Come True

Real Estate and You


AN INSIDE LOOK AT HOW MARKET CHANGES AFFECT YOUR FAMILY

“How much home can I afford?”

This is a question I'm asked a lot, and the constant changes in our real estate market over the last few years have made some people leery about whether purchasing real estate, either as a primary residence or an investment is in their best interest.
While every family’s situation is unique, here are some things to think about when you’re looking to buy:

Employment: Lenders want to know if a borrower’s job is stable and a person’s income steady before they’re willing to sign off on a loan. For that matter, knowing that you’ve got the financial footing and job growth potential to help ensure that you’re able to make the mortgage payments really is step one!

Credit score: Gone are the days where ANYONE can get a loan. Knowing what your score is, how to clean it up if it’s low and how to maintain it if it’s high is more important today than it’s ever been. If you need help better understanding what lenders are looking for -give me a call and I can walk you through how to determine your “buying power.”

Savings: Most purchases today require a down payment. Financial experts suggest putting at least 20% down on your home upon purchase. That’s significant for most folks, but there are some ways you can begin to earmark the money needed to purchase the home of your dreams.

Call me, or your local mortgage professional today, for more answers!