To find the best mortgage professional to guide you through the process of buying a home, seek advice from real estate agents, colleagues, or friends. The agent you choose to work with should have connections with really good mortgage professionals. The people I work with are the best of the best and they have helped many of my clients find excellent mortgages. Understand that once you have the house, it will become the focal point in your life. That means when you purchase that house, you’ll be investing in the surrounding community, as well. You’ll be commuting to work from that house; your kids will be going to school in that community and any other activities that your family will be involved in will revolve around that community. All these considerations should be in your mind as part of your decision.
Closing Costs
Once you have removed all conditions you want to be sure you have enough money left over for closing costs and moving costs. As a rule of thumb, I recommend having 1% of your purchase price saved up over and above your downpayment to cover everything. This is most likely more than you will be required but it will also keep some money in the bank after you move in just in case something unexpected comes up.
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