Before you plan to spend the maximum amount you’ve been approved for, consider whether you can really afford the mortgage your lender offers. Here’s how to determine how much of a mortgage payment your budget can handle each month.
From trusting your gut to buying a foreclosure, here are 8 real estate tips these buyers will never, ever forget.
Asking for home-buying advice is a little like asking for parenting tips. You’ll probably get some really good (and some really bad) suggestions. But when you’re scoping out homes for sale in Austin, TX, or Fort Lauderdale, FL, how can you tell the difference? And when should you trust your own instincts instead? Here’s a peek at some of the best and worst advice homebuyers have received about real estate — and what the experts think of it.
When you’re in the market for a new place to live, it helps to remember the golden rule of real estate: You’re not just buying or renting a home — you are also becoming part of a neighborhood.
All neighborhoods are not created equal and there’s no such thing as the perfect neighborhood; everyone has different needs and desires.
Having a full down payment ready to go can help you get the mortgage you want, secure a better interest rate, make your offer on a property more appealing to sellers, and avoid private mortgage insurance (PMI) costs. But there’s just one problem: Saving for a down payment can feel like an impossible goal, since 20% of the typical home’s purchase price is a large sum of money!