FAQ
FAQ
Frequently Asked Questions
Am I Ready to Be a Homeowner?
Your answer to this question depends on your credit. Without good credit, you will find it difficult to find a bank that will lend you money.
Is Renting or Buying Better?
This depends on your situation and your desires. Do you wish to stay in your home long term or just a few months?
What Is the Lender's Formula?
Loan Payment (P) = Amount (A) / Discount Factor (D)
What Do I Look for in Homes?
Location, Neighborhood, Size, Value, etc.
Do I Need a Home Warranty?
A home warranty does not cover all repairs/costs you would hope. Most owners/buyers do prefer to have one though. So do some research on home warranty companies in your area to choose from.
What Should I Expect at Closing?
At mortgage closing, you are met with multiple legal representatives to sign your mortgage and other documents, making payments, and receive the keys to your new property.
What Is Pre-approval?
Pre-approval is the pre-qualification for a loan or mortgage of a certain value range.
What Should I Offer?
The first question you should ask yourself when deciding this is the house at a fair price. If so you can bid around its listing price. Whether the market is a seller or a buyers market should affect your offer as well.
Can I Ask You for Advice?
Yes! I would love to give you advice. Simply call or email me.