Insurances.net
insurances.net » Housing Insurance » Tips For Home Buying
Auto Insurance Life Insurance Health Insurance Family Insurance Travel Insurance Mortgage Insurance Accident Insurance Buying Insurance Housing Insurance Personal Insurance Medical Insurance Property Insurance Pregnant Insurance Internet Insurance Mobile Insurance Pet Insurance Employee Insurance Dental Insurance Liability Insurance Baby Insurance Children Insurance Boat Insurance Cancer Insurance Insurance Quotes Others
]

Tips For Home Buying

Tips For Home Buying

The home buying process is sometimes overcomplicated

, owning the keys to your own home is not that hard!

* Step 1: How much you can afford

What you can afford depends on your income, credit rating, current monthly expenses, downpayment and the interest rate. The online calculators can help and consider the following:

- How much home you can affordTips For Home Buying


- Buying vs. Renting

- Home Economics

Need help with your downpayment and/or closing costs? Check the homebuying programs in your state.

A housing counselor can help you figure out how to manage and pay off your debt, and start saving for that downpayment! Find a housing counselor near you.

Step 2: Know your rights. Discover the following:

- Fair Housing: Equal Opportunity for All - brochure

- Real Estate Settlement Procedures Act (RESPA)

- Borrower's rights

- Predatory lending

Step 3: Shop for a loan

Save money by doing your homework. Talk to several lenders, compare costs and interest rates, negotiate to get a better deal. Consider getting pre-approved for a loan.

- Look for the best mortgage: shop, compare, negotiate

- Let FHA help you

- Learn about interest only loans

- Avoid Predatory Lenders

Step 4: Learn about homebuying programs. Check the homebuying programs in your state. FHA loan programs offer lower downpayments and are a good option for first-time homebuyers.

Step 5: Shop for a home

- Choose a real estate agent

- Prepare a wish list - what features do you want?

- Home-shopping checklist - take this list with you when comparing homes

- Homes for sale (including HUD homes)

- " Fixer-uppers " - home purchase and repair programs

- Manufactured (mobile) homes

- Build a home

If you choose a home in a neighborhood with a Home Owners Association (HOA), be sure to request a copy of the HOA packet, so you can review before closing.

Step 6: Make an offer

Discuss the process with your real estate agent. If the seller counters your offer, you may need to negotiate until you both agree to the terms of the sale.

Step 7: Get a home inspection

Make your offer contingent on a home inspection. An inspection will tell you about the condition of the home, and can help you avoid buying a home that needs major repairs. For your protection get a home inspection

Step 8: Shop for homeowners insurance

Lenders require that you have homeowners insurance. Be sure to shop around.

Step 9: Sign papers

You're finally ready to go to "settlement" or "closing." Be sure to read everything before you sign!

by: simonborders
Ideal Time For Jumping On The Home Buying Bandwagon Mexico Homes Offer Safe Family Living Cozumel Real Estate Area Named Safest Community In Mexico Finding The Right Contractor To Improve Homes For Sale Coral Gables Real Estate Home-buying In 10 Easy Steps Myths When Rehabbing A House Reminders On Rehabbing A House Spend Less When Rehabbing Houses Showing Your Home During The Rainy Season Dallas Foreclosed Homes Sales See Changes Due To Moratoriums Be A Smart Buyer When Searching For Aventura Real Estate Homes Simple Financing Tips For Miami Luxury Homes Buyers Turning Your House Into A Miami Rental Property Permanent Home Exchange
Write post print
www.insurances.net guest:  register | login | search IP(54.81.61.14) / Processed in 0.013663 second(s), 6 queries , Gzip enabled debug code: 74 , 2837, 958,
Tips For Home Buying