Cary NC Real Estate

Before You Look at Your First House

Experienced home buyers know that one of the first-steps in beginning a successful search for a new house is taking a hard, objective look at finances. Determining how much money you can dedicate to the purchase of your new house affects almost every aspect of buying a new home - including how we write the offer, which mortgage programs you will qualify for, shopping for the best mortgage loan and which homes are truly in your price range.



Here are the questions that each home buyer should ask:

  • How much cash is available for a down payment? The amount you have available for a down payment will affect what types of loans for which you can qualify. Learn more.
  • Am I ready to write a check for the earnest money? Earnest money is a cash deposit made to a home seller to secure an offer to buy the property. This amount is often forfeited if the buyer decides to withdraw his offer.
  • How much additional cash will be available to pay for closing costs? There are certain standard costs associated with closing the sale of a house. These fees are split between the buyer and the seller, as spelled out in the sales contract. Learn more.
  • What is the maximum monthly mortgage payment that I can afford? Most lenders will use the 28/36 rule to determine the maximum mortgage payment you can afford.

The 28/36 Rule
No more than 28% of your gross income can be applied to your mortgage, real estate taxes and insurance. And no more than 36% of your gross income can be applied to your mortgage expenses plus your regular debt expenses (car payments, credit cards, other loans, etc.).

Looking to buy?

Are you looking to buy a house? Let us help you. Just fill out as much
of the information below that you want and we'll get right back to you,
with no obligation to you. We guarantee your privacy.
 
Your Information
*Name:
*Email:
*Phone:
Street Address::
City:
State:
Zip/Postal Code:

Some Details
*Your Price Range?:
When Are You Moving:
Where Are You Moving:
Number of Bedrooms?:
Number of Bathrooms?:
Size in Square feet?:
Any Comments, Concerns, Or Questions:

Note: Fields with an * are required

            

               

 

Raleigh homes for sale, Raleigh homes, Cary homes for sale, Cary homes


Equity Saver Plus Realty 1143-C Executive Circle Cary, NC 27511
Phone: Fax:

Why Title Insurance? | Why Get An Inspection? | Why Choose Us | Radon Information | Curb Appeal List | Setting the Sales Price | Loan-Related Closing Costs | Getting the Highest Price | Selling your own home | Free Home Valuation | Your FICO Score | CITIES,TOWNS & COUNTIES | Free Home Search | Contact Us | Apex | Cary | Clayton | Durham | Fuquay Varina | Garner | Holly Springs | Knightdale | Morrisville | Raleigh | Rolesville | Wake Forest | Wendell | Zebulon | Buyers FAQ's | Sellers FAQ's | BUYER CENTER | SELLER CENTER | Mortgage Center | LOCAL AREA INFO | Wake County | Durham County | Orange County | Johnston County | Career Opportunities | Sports in the Triangle | Moving Center | 1% Listing Fee | About Us | RESOURCE CENTER | Free Reports | Real Estate Forms | Buying Houses in High-End Real Estate Markets | Should You Invest in Foreclosures? | Avoid the Top Six Down Payment Mistakes | 8 Important Tips for Protecting Yourself When Buying a Home | 4 Great Ways to Sell Your Home Faster | 10 Helpful Tips for First Time Buyers | How Much Should You Put as Your Down Payment? | Fixer Uppers, Wise Investments or a Money Pit? | Buying a Fixer-Upper? The House Must Be in a Marketable Condition... | Can you really afford to buy a house? | Don't Overlook a Homes Potential When Choosing a Home | YAHOO.com | Link Partners | Our Featured Homes | Closing Costs | First Time Buyers | Get Pre-qualified | Inspection Tips | Home Buyer Checklist | Download Adobe Acrobat | Tell a Friend | Environmental Issues | News | Real Estate Glossary | Looking to Sell? | Home | Applying for a Loan | Loan Application Checklist | Mortgage Saving Tips | Document Your Assets | Your Buying Power | Loan Programs | Mortgage Shopping | Staying Approved | Neighborhood Prices | Staging Checklist | Creative Financing | Seller Paid Closing | Site Map | Mortgage Calculators | Your Dream Home Video | 9 Steps to Ownership Video | How to Sell Your Home Video | Staging Your Home Video | Reasons Homes Don't Sell | Be Accessible! | The Back Yard | Should you paint? | Homeowner Warranties | Real vs. Personal Property | The Kitchen | Flowers Add Curb Appeal! | Ethics in Real Estate | Improvements That Pay | Home Appreciation | Home Price Index | Daily Rate Lock News | Our Associates | Our Blog | Win $1000

Copyright © 2010 Equity Saver Plus Realty
Portions Copyright © 2010 a la mode, inc.
Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map
All rate, payment, and area information are estimates and approximations only.



 
State:
County:
City:
Zip: