FAQ
AM I READY TO BE A HOMEOWNER?
There’s more to owning a home than just making a mortgagee payment. Buying a house means constant repairs and miantence.It means being willing to put money, work, and effort into your property, and it also requires a serious finical investment. With careful planning and preparation, you can help ensure the process runs smoothly
IS RENTING OR BUYING BETTER?
Whether you should rent or buy a home will come almost always come down to your personal circumstances at the market at the time. In the short term, renting is usually cheaper than buying because renting comes with fewer up-front costs than purchasing a property. However, long term renting, for 10 years or more, can work out more expensive than owning a home.
WHAT IS THE LENDER’S FORMULA?
Dividing your monthly debt obligations by your gross monthly income.
WHAT DO I LOOK FOR IN HOMES?
7 key things to look for in a house: Roof condition, Plumbing issues, A good foundation, Appliances actually work, noise level, water damage and reliable HVAC
DO I NEED A HOME WARRANTY?
If you’re relying on a self-build mortgage with stage payments to fund the project, then you’ll definitely need this warranty.
WHAT SHOULD I EXPECT AT CLOSING?
On closing day, the ownership of the property is transferred to you, the buyer. This day consists of transferring funds from escrow, providing mortgage and title fees, and updating the deed of the house to your name.
WHAT IS PRE-APPROVAL?
It means the lender has checked the buyer’s credit, verified assets, and confirmed employment to approve a specific loan amount.
WHAT SHOULD I OFFER?
The price your willing to offer, Name and contact details, A brief overview of the situation
CAN I ASK YOU FOR ADVICE?
Real estate agents are not licensed to provide legal advice and cannot answer legal questions, even if they know the answer, without breaking the law.