Buying a home is one of the biggest financial decisions you’ll ever make, so prepare yourself to make an informed choice. Although buying a home almost always seems like a great idea, it is important to understand what homeownership involves. Of course, being a homeowner is something to be proud of but it also means […]

So, you’ve decided that homeownership is right for you. Now you need to determine if you are financially ready to buy a house. In this step, you will find a number of simple calculations that you can do to evaluate your current financial situation, how much house you can afford and the maximum home price […]

Now that you have a clear picture of your current financial situation, it’s time to find out what you can afford in monthly housing costs. Lenders follow two simple affordability rules to determine how much you can pay. The first affordability rule is that your monthly housing costs shouldn’t be more than 39% of your […]

Once you have figured out the home price range you can afford and the type of mortgage you qualify for, you will need to calculate the associated costs of the transaction to make sure you are financially ready. Upfront Costs You will need to plan to cover the many upfront costs of buying a home. […]

Your Current and Future Needs Before you start searching for a home, you need to think about your needs both now and in the future. Here are some things to consider: Size requirements. Do you need several bedrooms, more than one bathroom, space for a home office, a two-car garage? Special features. Do you want […]

The Mortgage Professional Well, this one almost goes without saying, right? More and more consumers are discovering the benefits of utilizing the services of a professional Mortgage Broker to help them secure financing for their homes. Why is this? It is simple really. The banks are filled with a lot of great people who are […]