pre approval: So You Want to Buy A House STEP 3 Wants and Needs
- 05/17/12 11:48 PM
Congratulations on getting your preapproval! Now you need to make a list of your "wants" and "needs". "Wants" being those things you would like your new home to have if possible. "Needs" being those things that are must haves.
An example of a need comes from a personal experience I had with a client years ago. A lovely growing family that needed more space and had an idea of living in the Toledo suburbs of Maumee, Perrysburg or Waterville. We looked at lots and lots of houses, each one being just perfect with the exception of where to … (1 comments)
You have been thinking about buying a home and have now made the decision to do so. There are logical steps in purchasing a house. The first logical step is to speak with a lender and get pre-approved. You are now equipped with the first bit of knowledge you need...knowing what your purchasing power is.
Knowing your purchasing power is key. If you go out looking at $100,000.00 properties only to find out later that the bank will only lend you $80,000.00 you have set yourself up for disappointment. There … (0 comments)
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