I want to buy a house - Now What? - Five steps to follow to get ready to buy your new home!

You want to buy a home.  Great!  Now what?

First thing:  How much can you afford?

It doesn't matter if you know the location, or how many baths you have, or which school district your kid must stay in, but how much can you afford?

If you don't already know here are some tips:

1) You MUST make a budget!  Rachel Cruze not only is she pretty but she explains stuff very easy!  Here is her video Let's Break Down a Monthly Budget!

2) Start saving and DO NOT get in additional debt!  So closing cost will be about 7% ADDITIONAL to what you will be paying for the house.  That doesn't include if your loan needs for you to put any money down.  Do not buy a car, spend more money on the credit card.  Be strong!  The Force is with you!

3) Check your credit!  Every year you get a free credit report!  Get it and make sure the stuff in there is accurate!  If it is not go online and find a way to report a discrepancy BUT mail your complaints!!  By law Credit Companies have to reply to you within 30 days because if they fail they will have to erase that inquiry!!

4) Talk to A bank!  I always get 3 quotes.  You should do the same WITHOUT them doing a hard inquiry on your credit.  See what the best options are for your with interest rates and discounts on doing automated payments!

5) Always go under 28% of your income.  The magic number that banks use to qualify you for a mortgage is that your debts cannot exceed 28% of your net monthly income.  This is not because the banks are greedy but it's because YOU need to have fun.  YOU need to eat.  YOU need to save for retirement.

I want you as much as anyone for you to buy a home but you must do it wisely.  If you already know you checklist is on point and you are ready to see some homes, please call me at (410) 350-5848 or email me at nathaliaedmonds@gmail.com.  Our website is coming up soon!