There's more to buying a home than just finding the one that has the right number of bedrooms, is in the neighborhood of your choice or located  near school or work.

Here's four questions you should ask and answer:

1. Have you researched the market?  Knowing what homes are selling for in the area you want to buy will help you understand and determine what you will have to spend to get the home you want and/or need.
   
   
2. Do you know how much house you can afford?  A mortgage payment should not exceed more than 25% of your gross monthly earnings.  Mortgage payments that exceed 1/4 of your income could lead to financial troubles.
   
   
3. Do you have enough money for a down payment and closing costs?  Down payments vary but a safe plan is 20% of the selling price.    Closing costs range from 2% to 7%.    The exception is a VA loan which requires no downpayment.  If you qualify for a VA loan, by all means that is the way to go!
   
   
4. Is your credit report accurate?  Incorrect information on your credit report can cost you more money in higher interest rates.  Request reports from the three major national credit bureaus and reports mistakes immediately.   Then, follow up and make sure mistakes are corrected. 
   

So, are you ready?  If so give me a call and let's get started.

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Cynthia Tilghman, Realtor, Onslow County Home Specialist   910 459 9189     Email Me

Kingsbridge Realty, Inc., Making Houses Homes

We take pride in assisting Military Families locate a home in Onslow County when relocating to Camp Lejeune North Carolina

 Area expert for homes in Hubert North Carolina