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Experts say you should not spend more than 28% of your monthly income on housing. This is a good rule of thumb and you should also consider:Talking to a lender about getting pre-approved for a loan.How long will you be in the home before moving?Is a growing family or a maintenance free home in your future?Does purchasing a home provide ...
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If you've been thinking about buying a new home, winter is the time to start getting serious.The winter season has fewer homes on the market. You can use that to your advantage to get a favorable deal.Winter also has fewer buyers in the market. Families tend to not buy or sell from September to June because they ...
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Confusing prequalification with preapproval can mean disappointment for both a home seller and a buyer. Real estate experts say it's smart to urge buyers to become preapproved by their lender – not just prequalified.
For buyers to obtain a bona fide preapproval, they must submit a loan application with the necessary documentation and ...
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