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Friday, February 18, 2011

How to Buy a House: Step One

When the decision to purchase a house or condo has been made, there is a sudden urge to go out and look at houses.  After all, this can (and should) be the most exciting part of the process!

But the excitement may not be there if you have not taken care of step one - the finances.

The most important step in the home buying process is to know up front  your mortgage qualification limitation.  Your loan amount will be based on your credit so review your credit first.

[Key point: the mortgage limit you qualify for may not be the amount you need to spend to get your house.]

Talk with a lender about interest rates, special programs for first time home buyers, closing costs, monthly payments, down payment requirement, and any other question you may have about a home loan.  Your lender is one of your key resources in the home buying process (your real estate agent is the other!).

The first hurdle in the home buying process is knowing the financial parameters.

Once this has been established call (321-693-3850) or email me if you are considering the purchase of a home in Brevard County, Florida.

Gary L. Waters PLLC, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge, Florida serving Florida's Space Coast including the cities and communities of Melbourne, Viera, Rockledge, Suntree, Merritt Island, Cocoa Beach and the surrounding region.

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