FAQ
Frequently Asked Questions
Am I Ready to Be a Homeowner?
You may be more ready than you think! Homeownership is not just about having a large down payment or perfect credit. Your income, monthly debts, credit history, savings, employment, and future plans all play a role.
Is Renting or Buying Better?
It depends on your financial situation and your future plans. Renting may offer more flexibility and fewer maintenance responsibilities, while buying can give you the opportunity to build equity, enjoy more stability, and make a home your own.
What Is the Lender's Formula?
Mortgage lenders look at several factors when determining how much you may qualify to borrow. One important factor is your debt-to-income ratio (DTI), which compares your monthly debt obligations with your gross monthly income.
What Do I Look For A Home?
Look beyond the paint colors and decorations. Pay attention to the home's location, layout, condition, major systems, property taxes, potential maintenance costs, neighborhood, and whether the property meets your long-term needs.
What Is A Pre-Approval?
A mortgage pre-approval is a lender's preliminary evaluation of your ability to qualify for a home loan based on financial information and documentation you provide.
What Should I Expect at Closing?
Closing is the final stage of purchasing your home. Before closing, you'll receive documents showing your loan terms and the amount you are expected to bring to closing.
Can I Ask You for Advice?
Absolutely. That's what I'm here for.
Buying a home can bring up questions about financing, neighborhoods, inspections, contracts, negotiations, closing costs, and everything in between. You should never feel uncomfortable asking questions.
With decades of real estate experience and experience in mortgage lending, my goal is to educate and guide you throughout the process so you can make informed decisions with confidence.