Buying Your First Home Step 4: So, What Does Your Dream Home Look Like? You've decided to purchase your first home, put your finances in order and figured out what type of home you want and can afford to buy. Now what? You need to figure out what you want in a home. Make up a list of everything you would like in your new home and then a list of what you really need. The lists might be quite different, but that's okay. It's just to help keep things in perspective. Remember that your first home purchase is … (3 comments)
Now that you’ve decided to purchase your first home and have checked out your finances with a mortgage professional, it’s time to start looking. But at what? You really want to have a good idea of what type of home you are looking for before you start out. Otherwise, you can end up looking at so many homes, condos and apartments only to come out confused or overwhelmed. So how do you start to narrow down the search? You need to have an idea of what type of homes are available. Single Family Homes
These provide the most privacy in terms of … (0 comments)
your first home: Buying Your First Home - Step 1
- 11/09/11 06:25 AM
Tired of renting? Living in a basement? Need more space? The process of buying your first home can be overwhelming. Here are some steps to consider to turn your dream into reality. - Review your budget (yes, you need one!) Do you make enough monthly income to qualify for a mortgage and pay for the mortgage payment, taxes, condo fees (if there are any), utilities and regular maintenance? You can count on needing at least $1500 a month. Check this website out for great budgeting ideas: http://www.gailvazoxlade.com/resources/guide_to_building_budget.html - Start saving for your down payment. For a $200,000 condo, you can expect to need a … (7 comments)
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