We all know that searching for and viewing potential homes is the fun part of the home-buying process. The not-so-fun part? The mortgage.
But if you don't pay attention to the details, your mortgage can end up dragging down the enjoyment of your new home and cause some major regrets. Here are a few mistakes to avoid to ensure that you love your mortgage terms as much as your hew home.
Don't find your home first:Shopping around for the best mortgage rate should be the first step in the home buying process. You may even want to talk to a mortgage broker a full year before you plan to buy. It'll give you time to get your affairs in order to qualify for the best rate, could save you thousands of dollars in the long run, and you won't feel rushed to accept an unattractive loan because you're worried you'll miss out on your dream home.
Don't forget your real budget:There's often a big difference between what a lender says you can afford and what you can actually afford. Your debt-to-income ratio doesn't include the money you spend on hobbies, or the cost of commuting to work, or maintenance and utility costs. Really sit down and examine your spending before committing to the loan amount the lender is offering. You won't enjoy your home nearly as much if it's eating into your favorite hobbies.
Need to get in touch with a lender ? Call or text me at (225)522-1952. I have a team of qualified lenders ready to help you buy your dream home .
Author:Joanna Arnold Phone: 225-522-1952 Dated: July 19th 2017 Views: 548 About Joanna: ...
View our latest blog posts in your RSS reader. Click here to access.
About eXp - Licensed by Louisiana Real Estate Commission
Trust eXp Realty and our team of real estate agents to help you find homes for sale or to sell your current home. We recognize the level of service that the mobile consumer demands. You have information. You have dreams. We possess experience, integrity, and innovation. Together we create leverage to make your dreams a reality.
17869 British Lane, Baton Rouge, LA 70810 Finding the right
"In March of 2016 I ran across this condo for sale and it seemed like a great deal, I had to see what the place looked like inside. The same day I called Donnice she was able to show me the property. Once inside I fell in love with it, my husband and I were first time buyers and we had no idea about the world of reality or buying. Donnice was such a joy to work with she helped us with the buying process and made the experience rather pleasant than a headache. Her deposition was friendly yet professional, when we needed to ask a question or needed her advise she was always a phone call away. During this time Donnice had to have knee surgery and yet she was still available and willing to work with us to buy this home! My family and I were grateful to have worked with a lovely realtor in the process of purchasing our first home, I would highly recommend Mrs. Donnice! Thank you for everything you did for our family! "