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IMPORTANT STUFF TO LOOK FOR WHEN BUYING A NEW HOME
DEBT-TO-INCOME RATIO DEBT-TO-INCOME RATIO Decide if individuals can Decide if individuals can financially afford to make financially afford to make the monthly payments on the monthly payments on a property they intend to a property they intend to take a mortgage loan. take a mortgage loan.
PERIOD OF STAY PERIOD OF STAY The number of time buyers The number of time buyers plans to spend in the home plans to spend in the home is one of the most critical is one of the most critical things to consider when things to consider when owning a house. owning a house.
DOWN PAYMENT DOWN PAYMENT Seek help from Seek help from experienced residential real estate agents residential real estate agents to overcome these pitfalls to overcome these pitfalls and end the overall process and end the overall process with ease. with ease. experienced
LOCAL MARKET SIGNS LOCAL MARKET SIGNS Another biggest factor to Another biggest factor to look for while buying a look for while buying a residence is that something residence is that something buyers have no control over buyers have no control over but, experts have is local but, experts have is local market knowledge. market knowledge.
MORTGAGE RATES MORTGAGE RATES Numerous people are still Numerous people are still unaware of the frustration unaware of the frustration of the mortgage prices, so of the mortgage prices, so approach well-versed and approach well-versed and seasoned realtors for more seasoned realtors for more clarification. clarification.
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