5 Things you need to know when buying a home
➡️ financial Stability: it is very helpful to have a stable income and a good credit score to qualify for most mortgages and to have the best financing terms
➡️ Pre Approval : Pre approval - Being proactive will make you win and win big, obtaining pre approval will not only give you an idea how much you can borrow but will also give you the piece of mind of how much you can afford on your monthly payments
➡️ sufficient down payment : Sufficient down payment- The down payment is the amount that you will be paying towards your purchase price, depending on you financing terms it could be anywhere for 3% to 20% down.
➡️ Closing Costs: Buying a home will require costs from appraisal fees, title search, home inspection, lender fees and much more so you should budget these costs in advance to avoid any financial surprises.
➡️ Real Estate Agent : A good real estate agent can guide you through the process and help you find the right home within your budget. A real estate agent can also negotiate the sale price, repairs and terms on your behalf.
If you have any questions regarding to the buying and selling process you can always reach out to me at 661-236-8899 or find me on my website rimarafeh.com