info on buying a home/condo?

Question

purchasing a house or condo
loans mortgage

Answer 1

It's actually fairly wasy to see about how much house you qualify for.

http://www.searchlightcrusade.net/posts/1138559164.shtml is an article that takes you through the process. At the end of it, you should know how much house you can afford.

Answer 2

If you are buying a condo, you need to study up on a couple of things that can be critical. The condo association or condo managers will have a lot of control over your future cost. You need to know who is on the condo association, how much control do they have and if there is a chance of large condo fee increases in the future. Of course you will pay a common area fee for mowing, etc, but you can also be assessed a fee for installing a new roof or digging a well, or any number of other things. You might want to make sure you have a chance at getting on the condo board so that you can be aware of what they are doing and have some chance to influence the outcome of any decisions. Condo ownership should not be entered into blindly without understanding the association issue. One the other hand, condo ownership in a growing area can be a great way to start on the road to homeownership.

Answer 3

The very first thing to do is to call a local mortgage lender and discuss your budget. They can help you with a monthly payment that would be affordable and let you know how much you can spend on a house. Tell the lender that you'd like a pre-approval letter.

Next, starting looking for homes by calling a Realtor that has been recommended to you by a friend. This should be a full-time Realtor that your friend has worked with, not their cousin or something who works retail full-time and real estate on the side. Never buy a home unrepresented (without a Realtor). It will be a nightmare and you will feel cheated, I assure you.

Answer 4

this article has some tips on buying, rentage etc... that can help you out