Congratulations! You've decided to buy a house. Now you have to ask yourself "what kind of house I want?" Before you start looking at houses you will need to determine how much house you can afford to buy.
A good rule is to make sure your mortgage payments do not exceed 30% of your gross monthly income. The total ratio of debt to income cannot exceed 40%. If you need help figuring out this realtor or loan officer will be more than happy to assist you in finding how much home you can afford. If you are finding a house in Miami then you can visit CANDID Property Solutions.
It would be in your best interest to meet with a mortgage broker to begin the loan process. You should almost always do this first so you know exactly how much home you can afford. The mortgage broker will also help you in finding the right loan program that meets your needs.
Features you need to focus on is how many bedrooms and bathrooms you want. Do you want a dining room, a game room, or media room? Do you want a pool, a detached garage? What is best for you one-story or two-story home?
In buying the current housing market is now the new home has become very attractive for all new home builders’ facilities throws when you buy a new home. If you are not the type to be useful people, buying a new home may be what you want to do.
If you are not clear about whether to buy a new house or previously owned, you should consider a second look to get a better feel for what you might want.
There will be advantages and disadvantages to buying both types of homes. Your decision will be based on personal desires and needs.
If you are interested in obtaining more detailed information about the home buying process I would be more than happy to meet with you.