5 Home Buying Essentials
Purchasing a home involves certain important, even essential, steps that every buyer should take before closing on a purchase. Let's examine these "essentials" which, if properly implemented, can help you save valuable time and aggravation.
1. Determine What You Can Borrow. Sure, if you know your interest rate and the length of the loan you can pretty much determine your monthly payments, right? No! You must include your property taxes, homeowners insurance, and association or maintenance fees, if applicable. These "added" costs can significantly contribute to higher monthly payments. No lender will give you a loan without figuring these costs in.
2. Know Your Fees. Closing costs can add up to the tune of several thousand dollars. Title searches, realtor fees, loan applications, attorney fees, and legal fees must be taken into consideration. Many states require lenders to give to borrowers a ballpark figure of what these costs will be.
3. Shop For A Loan. The longer you plan on staying in your home, the more likely you will want a fixed rate mortgage. If you are planning on a short stay, a variable rate mortgage may work best for you. Consider an interest free mortgage if you basically plan on "flipping" the home in one or two years. Of course, you had better hope that your home appreciates significantly in that time otherwise you may find yourself owing more than what you originally paid for the house!
4. Get Pre Approved. Realtors and sellers will take you seriously if you are pre-approved for a loan. In some cases the pre-approval will not only swing a deal your way, but you could find the sellers are more receptive to lowering their price if they believe you are a serious shopper.
5. Negotiate. You may not be able to get the seller to drop the price of their home, but you may be able to get them to sweeten the deal by including certain extras. Air conditioners, refrigerators, washers, dryers, ceiling fixtures, and window treatments are some of the things that add value to your purchase. If extra items are included in the sale, then your later pay out for these items will disappear.
In all, if you are a thoughtful and savvy shopper you should be able to save money on the purchase of your home by following these five essentials.
Matthew Keegan is The Article Writer who covers topics from business to health to mortgages. You can view samples of his work at http://www.thearticlewriter.com
 Google News Updated : Sun, 07 Sep 2008 08:08:09 GMT Evans KOs Liddell at UFC 88 - FOXSports.com FOXSports.com - by Elias Cepeda, InsideFighting.com Rashad Evans shot himself straight to the top of the long list of challengers in the UFC's light heavyweight division with a devastating knockout win over the sport of MMA's top name and former champion, ... Rashad Evans knocks out Chuck Liddell Liddell in need of a fresh approach Publ.Date : Sun, 07 Sep 2008 06:18:30 GMT Google Chrome Reflects A Desktop In Decline - InformationWeek
InformationWeek - After 10 years as a company, Google is making the Chrome browser key to the coming of age of cloud computing, or software as a service. Mozilla releases second Firefox 3.1 alpha Mozilla updates Firefox 3.1 with Alpha 2 build Publ.Date : Sat, 06 Sep 2008 21:46:03 GMT In the neighborhood of a title once again - Boston Globe
Boston Globe - By Bud Collins Or should I say Herr Roger, as he is addressed in his hometown, Basel. He does better in this sector, the Flushing section of the New York borough of Queens, than he ever did in Switzerland, and Roger Federer says he feels "a little bit ... Video: Federer Beats Djokovic to Reach US Open Final Federer Storms Into Final Publ.Date : Sun, 07 Sep 2008 07:28:11 GMT Tracing TV's bloodlines - Cape Cod Times
Cape Cod Times - By CAPE COD TIMES Vampires are big business, whether dominating the best-seller list in Stephenie Meyer's "Twilight" series of books for three years or starring in an endless stream of movies that portray the mysterious bloodsuckers as scary, ... 'True Blood': Undead On Arrival 'True Blood' offers edgy inspection of tolerance Publ.Date : Sun, 07 Sep 2008 07:14:40 GMT Couric getting a kick out of Web freedom - Chicago Tribune
Chicago Tribune - By Matea Gold | Tribune Newspapers NEW YORK—Katie Couric was listening to Declan McCullagh, CNet's chief political correspondent, explain Barack Obama's and John McCain's stances on Net neutrality. Survivors Enjoy Watching 'Stand Up To Cancer' Katie Couric teams with rival anchors to 'Stand Up to Cancer' Publ.Date : Sun, 07 Sep 2008 07:04:17 GMT EA's big bet on Spore - San Jose Mercury News
San Jose Mercury News - By Steve Johnson In unveiling their much-anticipated and long-delayed video game "Spore" in North America today, executives at Electronic Arts hope to counter critics who have faulted the Redwood City company for becoming fat and happy in recent years ... In the Beginning, Finally Sims creator hopes to soar with Spore Publ.Date : Sun, 07 Sep 2008 07:07:31 GMT Hurricane Ike Strengthens to Category 4, Raises Fears From ... - FOXNews
FOXNews - Sept. 6: This satellite image taken at 3:45 pm EDT shows a swirl of clouds north of Hispaniola associated with Hurricane Ike. Sept. Video: 'Dangerous' Ike Aims for Turks and Caicos Ike hits Turks and Caicos islands as Category 4 hurricane with ... Publ.Date : Sun, 07 Sep 2008 05:13:03 GMT Website Traffic Promotion |
PARLOT::Ebooks, Scripts,
Websites, and more... Having a pre-approved mortgage will give you the confidence of... Read More Many homeowners want to know if it worth taking a... Read More Taking the step for prospective home buyers.into home ownership is... Read More Texas was one of the last states to allow homeowners... Read More When you're looking for a mortgage, whether it's a first... Read More The booming real estate market has allowed many Americans to... Read More There are two broad types of home equity loans:Term loans:... Read More A pre-approved mortgage is a must in a competitive housing... Read More The housing market has been buoyant over the past few... Read More Interest-only loans are quickly becoming a mainstream loan product. Borrowers... Read More Recently I was driving in my Car and I heard... Read More There are many reasons to use the internet to take... Read More Buying your first house is always a difficult time. There... Read More Interest rates and fees vary between subprime lenders just like... Read More Home Equity Loan vs. 401(K) LoanYou've finally decided to add... Read More Refinancing your home is a major decision not to be... Read More Lots of articles have appeared recently about the booming real... Read More Tapping your home's equity to pay college expenses, consolidate credit... Read More Refinancing and Car Finance - Is it Worth It?No doubt... Read More Give yourself time to rebound. Whether you had to turn... Read More During the last five years, home prices have increased nationwide.... Read More Whether you are just moving out on your own for... Read More In today's overheated housing market, lenders are making it easier... Read More Are you one of a growing number of people planning... Read More So you have a mortgage on your home or planning... Read More
Adsense
websites
Why Its Important to Get Pre-Approved
Tips On New York Mortgage Refinance Loan
Home Buyers Face Decisions that Affect Their Long-Term Financial Picture
Change in Texas Law May Make Reverse Mortgages More Popular
Be Prepared when Seeking a Mortgage
Home Loans and Mortgages ? Beware of New ?Mortgage Elimination? Scam
Types Of Home Equity Loans
Mortgage Pre Approval - Getting Pre Approved For a Home Loan Online
Mortgage Sales Hit Problems
40-Year Mortgages: An Alternative to Interest-only Loans?
Secrets Your Banker Wont Tell You - Which Loan is Best for You?
Online Mortgage Loan Companies Are Convenient
First-time House Buyers: to Buy or Not to Buy; that is the Question
Bad Credit Mortgage Lenders - Things You Should Know About Subprime Lenders
Home Equity Loan vs. 401(K) Loan -- Which Should You Choose
Refinancing Your Home - Is the Time Right?
Home Buyer Beware ? Know the Signs of Real Estate Market Trouble
5 Tips for Savvy Use of Your Home Equity Line of Credit
Refinancing and Car Finance - Is it worth it?
Mortgages After Bankruptcy: Easier Than You Would Expect
Home Equity ? Is it Time to Cash Out and Move?
Homes, To B(uy) or Not to B(uy)
Home Mortgages: Think Before You Borrow
Securing the Best International Mortgage for Your Home in Spain
How To Save Thousands in Interest on Your Home Mortgage!
Affordable and Reliable Web Hosting Starting at $4.49/Month
A Guide to Selecting a Mortgage Broker in Australia
Once you have made the decision to buy a home... Read More
Mortgage Refinancing - Does Size Matter After All?
Hopefully your ego has never had to experience the words,... Read More
Choosing The Right Buy-To-Let Mortgage
Buy-to-let took off during the 1990s with the increasing availability... Read More
New Home Loan - 3 Tips To Speed Up The Mortgage Loan Approval Process
Imagine this: you've found the perfect house, and feel lucky... Read More
Avoiding Foreclosure Scams
If your mortgage company is threatening foreclosure, there are things... Read More
Are You Ready for a 40-year Mortgage?
Real estate prices have been increasing steadily over the last... Read More
Adjustable Rate Mortgages Offer Alternatives For Home Buyers
When looking for a mortgage to meet your needs, consider... Read More
Secrets Your Banker Wont Tell You - Which Loan is Best for You?
Recently I was driving in my Car and I heard... Read More
Finding the Online Homeowner Loans You Want
Online homeowner loans have been growing in popularity in recent... Read More
Refinance Home Loan and Refinance Home Loans
Refinance home loan lenders are eager to lend money to... Read More
Bad Credit Home Equity Loans
A home equity loan allows you to borrow against the... Read More
Homeowner Loans - Whats Available?
It isn't difficult to get a homeowner loan if you... Read More
Home Equity Loan or Home Equity Line of Credit ? Which is right for you?
The most common type of home equity loan is the... Read More
Life of an Escrow
Escrow is one of the last stages in the purchase... Read More
Repayment of Loans ? Lessening the Bitterness of the Process
So how have you planned the repayment? Don't tell if... Read More
Remortgages Guide
Outlined below is a useful remortgages guide. Remortgaging has become... Read More
Renters Have Much to Gain by Pursuing Home Ownership
Buying a home vs. renting is a big decision that... Read More
Imagine Cutting Over $8,000 Off Your Mortgage This Year
I once helped a customer cut over $700 off his... Read More
Advantages and Disadvantages Of A Reverse Mortgage
Betty and John, are in their mid-seventies and are currently... Read More
Jumbo Mortgage Loans - Getting Approved for a Jumbo Mortgage Loan Online
Getting approved for a jumbo mortgage loan online is similar... Read More
Buy To Let Mortgages ? To Let in Reasonable Capital Growth with Financial Obligation
Every individual needs a home and every home needs an... Read More
Mortgage Clarksville - Find the Best Deal
Searching for a mortgage can sometimes be a hassle. Where... Read More
Refinance After Bankruptcy
Refinancing your mortgage after bankruptcy is actually the same as... Read More
Florida Refinance - Refinancing in Florida
The decision to buy a home in Florida can be... Read More
How to Get a Cheap Homeowner Loan
If you're looking for a cheap homeowner loan, you might... Read More
Mortgage Refinance |