How Much Can You Afford?
HOW MUCH CAN YOU AFFORD?
When you have made the decision to purchase a home, you will need to determine how much you can afford and how much you want to spend. Take a good look at your personal financial situation in comparison to housing price trends and mortgage plans available in your community.
SELECTING YOUR LENDER
A very important part of purchasing a home is finding the right lender. Listed below are ways to choose a lender and what characteristics you should look for.
QUESTIONS TO CONSIDER WHEN SELECTING A LENDER
What is his/her reputation within the community? Do they have references?
Is the company well known in the area? How long have they been in business?
Is the lender a mortgage broker? Do they have access to a wide variety of loan programs?
Can the interest rates be locked in and for how long? Is there a charge?