That depends, of course—on your income and other financial obligations.
Contacting a qualified lender for a loan pre-approval. This will help determine how much house you can afford.
Lenders review your credit score to determine how much home you can afford. Typically the higher your credit score the lower your interest rate and the better your lending terms will be.
It depends on the type of loan. Most lenders require a minimum of 3% down. FHA requires a minimum investment of 3.5% down. Credit and several other factors play a role in down payment.
Yes, you can—but it takes fine attention to detail and cooperation from all parties.
Short sale, modification, or forbearance.
You will want to begin by having your DD-214.
There's no magic number. You will know when you step into the home that is perfect for you and your family. Some people find their homes on the first showing. For others, it can take weeks or even months.
While there's no crystal ball on whether a particular home will appreciate, with research, surprises are kept to a minimum.
Typically 30 - 45 days on financed transactions. Cash deals can close within 10 days.
Yes, both terms refer to the same product.
Home inspections are strongly encouraged. What better way to spend money than to have a licensed inspector provides a condition report on the largest purchase of your life?
A buyer can back out of a deal at any time. Depending on when and why a buyer backs out they may forfeit their earnest money.