 Many people are ask themselves this same question. Renters know that the rent that they pay each month is in no way earning them equity or wealth. With the continued success of the Real Estate market in the Washington Metropolitan area; if you are planing to live in this area for 3 years or more it makes sense to pursue your options as a buyer. Many people are unsure of what their options to home ownership are. This is where I can be of help to you. There are many mortgage options available through many different lenders which can make it possible for you to become a home owner. What is your comfort zone? Once you have an approval from your lender and you know how much you will be allowed to spend based on the lenders calculations you now need to be comfortable with the monthly payment that you be making. Keep in mind that you could have a condo fee and or utilities that will effect your monthly housing cost. You should not put yourself in a position where you have to sacrifice all that you enjoy in life, though you should expect to spend more time at home cooking in your own kitchen and entertaining in your new home. Here are some common questions potential home buyer should ask of themselves, some of these questions I can assist you with. - Are my finances in order for me to obtain a mortgage?
- How much CASH do I need to purchase a home?
- How much can I afford to pay?
- Is now the time to buy?
I have worked with many clients that have made the decision to purchase a home instead of continuing to rent. It can be a big leap but all that I hear are praises from these clients. Home ownership is not for everyone, how will you know if it is the right decision for you? |