PRESQUE ISLE, Maine (WAGM) – The real estate market is now a buyer’s market. But before you sign up for the dotted line, take into account a few important tips that will make buying a DREAM home … a DREAM deal. Sean Cunningham reports this week in the Real Estate Matters section.
Before unpacking the MOVING BOXES in your new dream home, you need to first realize that there are many moving parts in the home buying process. And making sure you can buy a home financially is always the first step. Does this include finding out if you are eligible for a mortgage and for how much?
Stephanie Fields, Realtor, Fields Realty LLC.
“You don’t want to be a mortgage poor home, poor man, we say there is a lot in real estate to buyers, the lender can tell you that you can afford a $ 300K home, but can you really afford it when you sit down and spend your own audit. your own living expenses you can really afford it … you want to remember 30% of the borrower’s monthly income when you really figure out if you can really afford a house. “
Sean Cunningham – NO BASE
Saving finances. Another step to consider is realistically assessing how much home you can actually afford?
“This is the first time we’ve seen home buyers who will be told by a lender that you’ve pre-approved $ 300,000. They buy this house to understand that we are poor, we cannot go on vacation. living expenses…”
Also, who’s on your team … is who will help you find a home and guide you through the purchase?
“Talk to your lender, understand what your payments are, talk to a professional lender to realtors as soon as you find a home, and we will make an offer that we can send, having previously approved your convenience …”
When all is said and done, you can unpack those boxes and breathe a sigh of relief … relaxing in your new home. Sean Cunningham NS 8.
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