FAQ
Am I Ready to Be a Homeowner?
Homeownership is a big step, and readiness depends on your financial stability, long-term goals, and lifestyle. If you have a stable income, savings for a down payment, and are prepared for home maintenance, you’re likely ready. I can help assess your situation to make sure it’s the right time.
Is Renting or Buying Better?
Renting offers flexibility but lacks equity-building, while buying lets you invest in property and provides long-term financial growth. If you’re planning to stay in one place for a while and have the financial readiness, buying is often a better choice. I can guide you in making the right decision based on your personal situation.
What Is the Lender’s Formula?
The lender’s formula, or debt-to-income ratio (DTI), determines how much of your income goes toward debt payments, helping lenders assess your ability to repay a loan. A lower DTI increases your chances of securing a mortgage. Typically, a DTI under 36% is considered ideal.
What Do I Look for in Homes?
A home warranty can be a good investment, as it covers repairs on major appliances and systems, providing peace of mind. It’s especially helpful in older homes, but whether you need one depends on your property’s age and condition. I can help evaluate if it’s right for you.
Do I Need a Home Warranty?
AA home warranty can be a good investment, as it covers repairs on major appliances and systems, providing peace of mind. It’s especially helpful in older homes, but whether you need one depends on your property’s age and condition. I can help evaluate if it’s right for you.
What Should I Expect at Closing?
At closing, you’ll finalize the sale, sign documents, and transfer funds. Expect to pay closing costs, which typically include fees for appraisal, title insurance, and attorney services. I’ll guide you through each step to ensure a smooth closing process.
What Is Pre-approval?
Pre-approval is a process where a lender evaluates your financial situation and determines how much they’re willing to lend you. It gives you a clear budget for house hunting and shows sellers you’re a serious buyer. I can help connect you with trusted lenders to get pre-approved.
WHAT LENDER DO I USE?
The best lender for you will depend on your financial situation, credit score, and needs. I work with trusted local lenders who offer competitive rates and personalized service, and I’m happy to connect you with the right fit.
What Should I Offer?
The offer should be based on comparable sales, the condition of the property, and the current market. I’ll help you craft a competitive offer that reflects the home’s value and aligns with your budget and goals.
Can I Ask You for Advice?
Absolutely! I’m here to provide expert guidance at every step of your real estate journey. Whether it’s choosing a home, negotiating, or understanding contracts, feel free to reach out for any advice you need.