Buyer's Guide

HOW MUCH CAN YOU AFFORD?

When you have made the decision to purchase a home, you will need to determine how much you can afford and how much you want to spend. Take a good look at your personal financial situation in comparison to housing price trends and mortgage plans available in your community.

SELECTING YOUR LENDER

 A very important part of purchasing a home is finding the right lender. Listed below are ways to choose a lender and what characteristics you should look for.

 QUESTIONS TO CONSIDER WHEN SELECTING A LENDER

  • What is his/her reputation within the community? Do they have references?

  • Is the company well known in the area? How long have they been in business?

  • Is the lender a mortgage broker? Do they have access to a wide variety of loan programs?

  • Can the interest rates be locked in and for how long? Is there a charge?