STEPS TO BUYING A HOME

BEFORE YOU HIRE A REALTOR®

  1. Review your own pros and cons of purchasing a home vs. your current situation

  2. Create a budget and remove un-necessary expenses, save money for your home purchase 

  3. Start saving money for your home purchase (At least 3 to 4% of the sales price is needed)

  4. Narrow down your homebuying location(s) ie, by county, city, zip code or neighborhoods.
    Find out what areas I cover - CLICK HERE

  5. Review different loan programs options (FHA, Conventional, VA, USDA)

  6. Get pre-approved for a mortgage loan - To get pre-approved - CLICK HERE

  7. Interview and hire a REALTOR ® that is knowledgeable and services your area of choice.
    To schedule your home buyer consultation - CLICK HERE


AFTER YOU HAVE HIRED A REALTOR® AND PRE-APPROVED FOR A LOAN

  1. Tour homes on the market for sale

  2. Submit an offer of your home of choice

  3. Attend home inspection and negotiate repairs

  4. Pay for appraisal and receive the appraisal report

  5. Final loan documentation for "CLEAR TO CLOSE" from lender

  6. Obtain closing funds for closing

  7. Attend closing, sign documents and receive your keys

  8. Move in!

There are other items that will also accompany this list, though if we work together, I will guide you every step
of the way. Always remember, you can contact me at any step before you start touring homes with an agent. 
To begin the process, CLICK HERE

 

FIND OUT YOUR POTENTIAL MONTHLY PAYMENT QUALIFYING AMOUNT - In order the find out the potential
monthly payment qualifying amount for your new mortgage, use this example below. This is just a guide and should
not be used and deemed as a qualifying amount for a mortgage payment. This is for educational purchases only.

  • A - Write down your yearly income

  • B - Divide your yearly income by 12 (Monthly income)

  • C - Front end ratio used is 29% (some lenders will allow for more)

  • D - Multiple monthly income by front end ratio (Estimated monthly payment)

A

Yearly income before taxes

$95,000

B

Monthly income before taxes

$7,916.66

C

Front End Ratio

29%

D

B x C [$7,916.66 x 0.29]

$2,295.83


This is a conservative guide. In this example, the maximium mortgage payment with PITI, PMI and any association
dues cannot exceed $2,295.83. Please seek the assisted of a licensed mortgage professional. If you need a
recommendation, I refer all my clients to the top professionals in the area.