Deciding How to Buy

One of the most important decisions you need to make when purchasing a home is how much you want to spend. There is a variety of ways to purchase a home from paying all cash to financing as much as possible. I lf you’re paying cash, the decision is pretty simple, but if you want to finance your home, as most people do, there are many options to choose from. There are conventional mortgages that require 20% down with 15, 20 and 30 year terms, fixed rates, adjustable rates, balloon payments, and convertible mortgages. With less money down there are Insured conventionals, FHA, VA, and even 100% financing under some circumstances. In order to make an informed decision, we can put you in contact with a mortgage professional that can help sort out the maze of programs and mortgages available and help you make a decision that best suits your particular needs. Once you have decided on how to buy and what price range, you can begin your search armed with the confidence, knowledge and bargaining power that can save you thousands of dollars in the process. With a pre-approved mortgage commitment, you will have ability offer sellers a quick and assured closing date that could help you negotiate the price and terms that are to your benefit.

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