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Home Buying in 36116 : Real Estate Advice

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  • Local Info0
  • Home Buying4
  • Home Selling3
  • Market Conditions1

Activity 4
Fri May 5, 2017
Terrance & Freda Durant asked:
20,000 a year in income
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Mon Mar 17, 2014
Debra (Debbie) Rose answered:
Well, building your credit IS your first step, and a step in the right direction.

Have you spoken to a mortgage rep yet?
If not, find one, as that's important to do now, so you know what else you need to do to qualify for a loan.

Learn about your mortgage options - become well informed on all aspects of buying a home!

Are you living on a budget? A budget that includes saving money?

You'll need to have a down payment, and also a cushion in the bank, as home ownership costs more than simply making the monthly payments.
You need to have some savings to cover unexpected emergencies and repairs.

You should also connect with a Realtor now - even though your target buying date is a year away.

Learn all you can about the buying process in your area so that when the time comes, you will be prepared and not overwhelmed by the process.

Don't be afraid to ask questions.
Once you have a "team" (lender and agent) working on your behalf, they will be there to walk you through every step of the way.

Best wishes.........
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Mon Oct 22, 2012
Maria Cipollone answered:
"prepaid Items" Included: Mortgage interest that will accrue between the closing date and the end of the month, as well as mortgage interest is collected so the lender can apply to your first mortgage payment, title charges, lender and brokers origination charge, goverment recording fees and transfer charges. Yes, depending on the price of the property that you are buying is possible to pay about $4,000 in prepaid fees.

Best of Luck,

Maria Cipollone

Century 21 Tenace
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