Five Tips For First Time Home Buyer's
By The Brad Papa Team, Olathe Real Estate Agents
(Realty Executives of Kansas City)
New Page 1 Review Your Monthly Expenses: Take account of how much you spend and where. Can anything be cut back? After you analyze your expenses, you should then be able to come up with a monthly payment you are comfortable with. This is the amount you should take to your leader, NOT how much of a house you think you can afford. Payments are not simply principal and interest, there is also taxes, insurance and sometimes PMI (private mortgage insurance) Get Pre-Approved: A pre-approval letter is basically your "license to shop". You should have this letter before you begin looking, so you know how much of a house you can truly afford. Your Olathe real estate agent, Brad Papa has a handful of trusted, qualified mortgage brokers to recommend. Remember, a pre-approval and credit check sho...
Comments
0