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Home Buying Tips

I am here to help you in any way I can. If you are interested in relocating, selling your existing home or buying a second home in this buyers market I will assist you in every step of the way. Please read the following guide, it may be of great benefit.

If a new house is in your plans, there are things you can do and information you should be armed with to put yourself in the best position possible when the time comes to buy, including:

1. Check out your credit report. You don't want to be shocked if there are inaccuracies in your credit report.

2. Get pre-approved for a loan. This way you'll know if you can get approved and how much you can spend on a house. It also puts you in a stronger position when you ultimately make an offer on a house.

3. Be realistic and look at your big financial picture. Just because a bank approves you for a certain amount, it doesn't automatically mean you should find a house for that amount.  Lenders generally say your mortgage should be about 25 percent of your gross monthly income.

4. Determine how much cash you'll have available for a down payment and closing costs  The higher your down payment, the lower your monthly mortgage payment and the possibility of qualifying for a better loan.

5. Figure out how much your new bills -- utilities, water, insurance, maintenance -- and repairs will cost you each month.

6. Avoid making any major purchases, especially a new vehicle. If you do, you may have a harder time getting a loan.

7. Keep an eye on interest rates. If they start to creep upward, you may want to make your move.

8. Make a budget now as if you have a mortgage payment and the monthly expenses that come with owning a home.  After 6-12 months you'll know whether you can swing the extra payments -- and you'll have extra money for your down payment.

9. Gather your paperwork  recent paystubs, tax documents for the past two years, bank account statements, etc.

10. Begin thinking about homeowners' insurance now. With the recent spike in hurricanes some areas of Northeast Florida are seeing soaring insurance rates.

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