In this post, we’ll give you our five tips of what to do before you jump into the real estate market, and what to do if you must relocate.
As a first-time military home buyer, your real estate preparation is similar to a civilian ready to buy—with one big exception.
In this post, we’ll give you our five tips of what to do before you jump into the real estate market, and what to do if you must relocate. There’s plenty to consider when buying a home! Right out of the gate, you must have money for a down payment and closing costs. Once you know you have that covered, it’s time to dig in and find a property that’s right for you.
None of this is easy, but it’s doable. What’s an even greater concern for home buyers is what they can’t control. What if home maintenance costs are higher than expected? What if there’s a problem with the real estate title and other documentation? Some of these worries are simply home buying jitters, but the following five concerns top home buyers’ list when buying a home. Maybe the rent has gone up again. Or you’re just tired of paying someone else’s mortgage and think it’s time to own your home.
Whether or not you’re ready to buy has a lot to do with your financial readiness. That’s a given, but there are other factors to consider when thinking about stepping into the world of first time homebuying. Let’s take a look at both by asking the 7 questions that help determine you’re ready for first time homeownership. ![]() What is just as valuable as gold? Your credit score! Mortgage lenders use your credit score to determine if you’re a good risk for loaning money. It’s also used to determine what interest rate to charge. Another way of looking at it is that your credit score reflects the confidence lenders have in loaning money to you. Of course, every person who applies for a mortgage loan should have a good credit score to receive the best interest rate and terms. |
AuthorLilly Title & Settlement wants you to be an empowered homebuyer! Archives
November 2024
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