Buying a Home

 

These days, there are foreclosures, subprime mortgages, upside down mortgages, and countless other issues to deal with when trying to buy a home. The Buying a Home Cashmap package can guide you in all of these items.

First off, you need to take stock of your finances: how much do you owe in credit cards, car payments, and so on? What sort of resources do you have: income, assets, savings for a down payment? If you're currently renting, how does your rent compare to what you think you can afford as a monthly mortgage payment? Keep in mind, when you own a home, there are property taxes, home owner's insurance, and other expenses. The Cashmap package can help you in determining all of these factors.

Once you have your finances in order, you can see about finding a real estate agent, looking over potential homes, and then seeing about getting a mortgage. This latter item is a key aspect to buying a home. What sort of interest rate can you get, what are the points and terms, and how long a mortgage you are getting (20, 30 years)? You'll want to get a copy of your credit report, as it will be a factor in what sort of interest rate you can offered from the bank. You may get a lower initial rate and then your mortgage switches to a variable rate after a certain period of time. If that's not something you want, be aware that it's possible, and ask about it.

Also, there are government programs that can help you in buying a home. The Buying a Home Cashmap package can help you in finding out about these programs, and which ones you might qualify for.

This package can also help you in finding a home. All in all, it is a powerful package.