Sylvia Jenssen: I am a first time home buyer, what do I need
to know?
Miriam Engeln:
Your first step should be to
examine your finances. Get a good understanding of your typical income per
month and your typical spendings per month. Gather up the last two years worth
of income tax statements and other associated financial details. Then go talk
to a mortgage lender/ bank. In fact, talk to 2 or 3 and select the best deal
from there. After you get pre-approved -- and once you know how much house you
can comfortably afford -- then call me or a Realtor. Talk with the Realtor so
he/she can learn what your primary criteria are. Go visit a few homes, and once
you find "the one," I/ your Realtor will take care of the offer
paperwork. There are a couple more steps (home inspection, appraisal), but I/ your
Realtor can explain those steps to you. Finally, you will reach closing day,
where you'll sign the paperwork at the notary office and you become a
home owner.
1 comment:
An ideal taxation system would generate sufficient revenue to meet the needs of the government without discouraging economic activity.
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