Unlock the Benefits of Real Estate Investment Today: Why Owning Real Estate Can Be a Smart Financial Move and Help You Achieve Your Long-Term Goals
Owning real estate has several advantages such as building equity, appreciation, and lower monthly payments compared to rent. When considering a mortgage, borrowers can choose between a fixed or variable rate mortgage. Down payment requirements can be as low as 5%, and various types of income can qualify for a mortgage such as regular employment, permanent disability, child support, pension income, self-employed income, and more. As a mortgage professional, I can help you determine the best mortgage option and down payment for your needs.
Essential Tip For First-Time Homebuyers: What You Need to Know Before Taking the Leap into Homeownership
Before looking at homes, it's important to ensure your mortgage financing is pre-approved and that you're comfortable with the price point. A pre-approval consultation can help determine what you can afford and what your mortgage payment will be. During the appointment, costs associated with buying a home will also be discussed, including heating, property taxes, and maintenance costs. Your current credit score and income will be reviewed to ensure affordability. For more information on pre-approvals, click the provided link.
