FAQs
Commonly asked questions by people
FAQ
Frequently Asked Questions
You’re ready to be a homeowner if you have a stable income, good credit, manageable debt, and enough savings for a down payment and closing costs. Also, be sure you’re prepared for the responsibilities of maintenance, property taxes, and long-term commitment.
It depends on your lifestyle, finances, and goals. Renting offers flexibility and lower upfront costs, while buying builds equity and can be a smart long-term investment. Consider your plans, market conditions, and budget to decide what’s best for you.
The lender’s formula helps determine how much home you can afford. Most lenders use the 28/36 rule
Look for location, layout, condition, price, and future potential make sure it fits your lifestyle, budget, and long-term goals.
A home warranty isn’t required, but it can be helpful. It covers repair or replacement costs for major systems and appliances, offering peace of mind especially for older homes.
At closing, you’ll sign final documents, pay closing costs, and officially take ownership of the home. Expect to review your loan terms, sign legal paperwork, and receive the keys once everything’s complete. It’s the last step before becoming a homeowner!
Pre-approval is when a lender reviews your financial information like income, credit, and debt to determine how much you can borrow. It shows sellers you’re a serious buyer and gives you a clear budget before you start house hunting.
You’re ready to rent if you have steady income, savings for upfront costs, and can manage monthly payments responsibly.
Base your offer on price, condition, location, and demand make sure it fits your budget, needs, and long-term plans.
Yes, you can always ask for advice especially about the process, pricing, or what to look for. I’m here to help guide you!