Is Buying Cheaper Really Smarter

Dated: 03/04/2013

Views: 1744

I talk to so many first time homebuyer's that think they need to find a home under $50,000.00 to keep payments down.  I would encourage you to talk to a mortgage lender before you make that decision.

Many times it is more expensive to due to interest rates being higher, upfront fees being incurred because of the fact it is considered a high risk loan.  I have always told my clients/customers to decide how much they can afford to pay for a home on a monthly basis to ensure they can stay withing their budget then call a mortgage lender, get pre-approved and tell them what you need your payment to be so that you won't have to change your complete lifestyle to purchase a home.

Just take the time to get all the facts about mortgage loans under $50,000.00 and compare them to loans over $50,000.00 you will be surprised at what you learn!!

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Carolann Newton

I was a domestic paralegal for 8 years prior to Real Estate. Since I have been in Real Estate I have grown to love this business, even though it does have it's challenges; it is very exciting. There i....

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