Many renters are aware of the benefits of home ownership and may be ready to begin shopping for a home mortgage loan.
Here are a few important questions that renters should consider asking before purchasing a home.
What is my budget for purchasing a home?
What type of home do I want to buy (e.g. single-family home, condo, townhouse)?
How much space do I need in a home?
What are the local real estate market conditions?
What are the property taxes in the area?
What are the homeowners association (HOA) fees, if any?
What is the condition of the home and are there any repairs needed?
What are the closing costs and other fees associated with purchasing a home?
What is the neighborhood like, and is it a good fit for my lifestyle?
What is the commute time and transportation options to and from work?
It's important to do your research and ask as many questions as you can to ensure that you make an informed decision when purchasing a home.
If you find yourself in need of pre-approval, Premier Mortgage Consulting is available 24/7 to get you what you need. As a direct lender, we are proud to give you competitive pricing, rates and timely closings so you can take the next steps to purchase your dream home!
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