Just because lender lets you borrow the maximum possible amount on a mortgage, that doesn’t mean you should take them up on the offer. Wondering how much of your monthly income to comfortably spend on your home? Trulia shows how to crunch your own numbers first to determine how much mortgage you can afford. Calculate your…
Competition among buyers in many markets has gotten intense, so if you’re serious about homeownership, you’d better get your act together. To point you in the right direction, Realtor.com has prepared a road map of the typical steps you need to be aware of during the home-buying process. 1. Choose an agent The first step in the home-buying…
Is your mortgage payment taking a bite out of your budget? Realtor.com suggests using these methods to make it easier to pay each month, as well as to speed up the repayment of your loan. 1. Share your space You can get someone else to pay the bill for you if you’re willing to share…
You received a pre-approval, found a home and had your offer accepted. Now all you need to do is relax and wait for closing, right? Well, not exactly. Sure, the odds are reasonably good that nothing major will go wrong. But that doesn’t mean that things can’t go wrong. A financial misstep now could change your mortgage terms and interest…