Q. Why buy instead of rent?

A. While a mortgage and rental payment may be nearly identical, there are key differences that make buying a house much more prudent than renting one. Namely? Equity.
Every dollar that you spend on rent goes into the pocket of your landlord. Every dollar you spend on your house goes back to you.
Homeownership is not just a practice necessity but an investment that pays out over time. When it comes time to sell your home, you will be able to make back the money that you put into it

Q. What kind of homes do you sell?

A. While we handle and sell properties of every variety, the majority of our homes are pre-owned houses that were once in a distressed condition.
You would never know it by looking at them though. Before bringing a house to market, we inspect and repair a property from top to bottom to make sure it is up to code and in livable condition.

Q. How much money must I have on hand to buy a house?

A. The amount of money needed to buy a house will vary based on several factors. Chief among them, how you finance, and the overall price of the home.
You will need to have enough resources to cover the earnest money, the down payment, and the closing costs.

Q. Once I find the house for me, how long before I can move in?

A. The amount of time it will take to close on a house can vary somewhat. In general, though, the rule of thumb is to expect 45 days after signing a contract.
In certain situations, however, it can be quicker.

Q. How much can I afford to spend on my house?

A. How much can I afford to spend on my house is one of the most important questions you should be asking yourself. There are a number of different factors that contribute to how much you can afford to spend on a house. However, there are two factors that have the biggest influence.
The first is your income. You generally want to spend less than half of your monthly income on housing.
This means that you should look for homes that are between 1 and 2 times the amount of money that you make in a month.
Debt is the other factor. If you are in the position of having lots of debt, it may impact how much you can afford to spend on your home.

Q. What expenses are included in mortgage payment?

A. Your mortgage payment is how you pay off your home so that you will eventually own it outright. However, in paying your mortgage you are also covering a few more expenses as well. Mortgage payments will usually also cover interest, property tax, and homeowner’s insurance.
How much you pay for your mortgage will depend both on the cost of your house, and on the size of your down payment. For example, if you put 20% down on the house, your mortgage will be smaller than if you put 10%.

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