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 Financing |
| Financing is one of the biggest questions on a home buyer's mind. When left alone, financing can often be a daugnting and confusing task. After 20 years of experience I can help you through the maze of information and find the right lenders and programs that are right for you. |
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How much house can you afford?
The amount of loan for which you qualify is based on two different calculations. Using what are known as qualification ratios, lenders evaluate your income and long-term debts to determine a "safe" amount for your mortgage payments. |
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| Closing Costs |
| On the day you actually buy your new home, in addition to your down payment and the prepaid property tax and homeowners insurance premiums , you'll need cash for various fees associated with the purchase. These expenses are known as closing costs and are paid by both buyers and sellers. |
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| Interest rates and how they change |
| As you start shopping for a home loan, your first question of each lender will probably be "What's your interest rate? How much are you charging?" |
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