FAQ
FAQ
Frequently Asked Questions
Am I Ready to Be a Homeowner?
Being ready to own a home depends on your financial stability, long-term goals, and lifestyle needs. If you have steady income, savings for a down payment, and plan to stay in one place for several years, you may be ready to take the step into homeownership.
Is Renting or Buying Better?
Whether renting or buying is better depends on your finances, lifestyle, and future plans. Renting offers flexibility with lower upfront costs, while buying builds equity and stability over time.
What Is the Lender's Formula?
The lender’s formula is how banks decide how much you can borrow. They typically look at your debt-to-income ratio, credit score, income, and financial history to determine loan eligibility.
What Do I Look for in Homes?
When looking at homes, focus on location, budget, size, layout, and future needs. Also consider condition, neighborhood, and resale value to ensure it’s the right fit.
Do I Need a Home Warranty?
A home warranty isn’t required, but it can provide peace of mind by covering repair or replacement costs for major systems and appliances after you move in.
What Should I Expect at Closing?
At closing, you’ll review and sign final paperwork, pay closing costs, and officially transfer ownership — receiving the keys to your new home.
What Is Pre-approval?
Pre-approval is when a lender reviews your finances to confirm how much you can borrow. It shows sellers you’re a serious buyer and strengthens your offers.
Am I Ready to Rent?
You’re ready to rent if you have steady income, a budget for monthly rent and deposits, and a clear idea of your housing needs and lease terms.
What Should I Offer?
Your offer should reflect the home’s market value, your budget, and current competition. A real estate agent can help you decide on a fair and strategic amount.
Can I Ask You for Advice?
Absolutely! We’re here to answer your questions, guide you through the process, and provide expert advice tailored to your real estate needs.
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