BUYING A HOME

Buying a home involves careful planning and financial consideration and here are several helpful tips to help you make the math work. Determine your budget by evaluating your income, expenses and savings. Calculate how much you can afford to spend on a monthly mortgage payment, considering other financial obligations as well. Save for a down payment at least 20% of the home purchase price. This will help you avoid private mortgage insurance and lower your monthly mortgage payment. You can use online mortgage calculators to estimate how much house you can afford based on your income, expenses and down payment. Please consider other coat such as taxes, insurance and maintenance. Click link to learn more about ready to buy a home /READY-TO-BUY-A-HOME---32819---32836---Dr-Phillips-6-25892.html

Plan for future expenses like home repairs, renovations and potential increases in property taxes and insurance premiums. These funds need to be set aside for these costs.

PRE-APPROVAL

Contact lenders to get pre-approved for a mortgage loan. This will give you a better understanding of how much money you can borrow and the interest rate you may qualify for. Compare mortgage options and shop around for the best mortgage rate and terms. Evaluate the pro's and con's with fixed rate and adjustable rate mortgages that fit your financial scenario. And evaluate the long term financial impact and overall financial situation. Calculate the potential tax benefits of homeownership and weigh them against the cost of renting.   Click link to learn more about pre approval letter /PRE-APPROVAL-LETTER---32819---32836---Dr-Phillips-6-22986.html

Consider to factor in closing cost, such as an appraisal fees, attorney fees, and title insurance. These fees typically range from 2% to 5% of the home purchase price. Remember that it is essential to consult a trusted advisor or mortgage professional who can provide personalized guidance based on your specific situation. 

TRUSTED ADVISOR

As a trusted advisor, professional realtor and retired military veteran I am here to serve you in the Dr. Phillips and Central Florida housing market to purchase or for the sale of your home. In the absence of trustworthy information whether its a housing crisis or local housing market, real estate decisions are being driven by fear, uncertainty and doubt. We as trusted advisors drive the real estate community to ensure you are making the right decision. 

Part of my job is to keep you informed and educated of the local housing market trends, pricing and inventory level, buying information on the buying and selling process to include common real estate terms and videos. It is important to keep updated on the market trends, don't get confused with the media, they talk national data, I can provide the most up to date local area data.

So don't let this shifting housing market delay your dreams, data reveals home values typically appreciate over time and that gives your net worth a nice boost. When you are looking for a home, look for your realtor with the heart of a teacher. If you are ready to start your journey, contact me today at 850 496-6412 to begin a new walk to homeownership and all your real estate needs.