Finding the right home at the right price with the right financing?
- chrisbyler
- Jul 15
- 1 min read
Updated: Jul 17
Lots of homebuyers waste time and money by not doing their homework before going home shopping. Here’s what you should do:
Analyze your NEEDS before you start looking. Make a list including price range, size, general location, number of bedrooms, bathrooms, etc
Know what you WANT in your next home. List the features you’d like to have and rank them in terms of importance. If you have a spouse, set your priorities as a couple.
Understand how much you can afford. Become familiar with your “payment-to-income ratio” and your “debt-to-income ratio”, two guides bankers and mortgage lenders use to determine how much loan you can afford.
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