04/27/2018
Do You Know Your House-ownership Number?
A September 2015 poll by NeighborWorks America discovered
that nearly 90 percent of consumers consider home ownership
at least somewhat important. Guarantee your home ownership
success by following these guidelines from NeighborWorks
America:
1. Get professional help.
The best way to learn what you need to know about buying a
home is to meet with a nonprofit housing counselor. Look for
a certified professional who can explain the different
mortgages and interest rates, the effect of credit scores on
loan approval, how much down payment is needed for purchase
and how much home you can really afford.
2. Build a budget.
Smart consumers approach home ownership with a budget, but
surveys show that less than one-third of potential buyers have
one. Start with a budget that includes potential changes in
commuting costs, home maintenance expenses and even life
changes, such as becoming a parent or paying for college.
"Once all the numbers are on the table, it's easier to see
what type of home suits a family's budget and needs, what
might be necessary financial trade-offs and what could be a
direct line to trouble," said Rodriguez.
3. Be determined, not desperate.
A winning bid on the wrong home can spell trouble. A bidding
war could weaken your determination to find the right home
while pushing the limits of your budget. Moreover, sellers
know that desperate buyers may avoid inspection contingencies.
https://www.mateochase.com/
