2,221,950
Talk to a lender to find out their buying power.
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Ryan Huggins - Thousan...
Thousand Oaks, CA
-
Mary Yonkers
Erie, PA
-
Debe Maxwell, CRS
Charlotte, NC
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Susie Kay
Plano, TX
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Mike Albert
New York, NY
-
Nina Hollander, Broker
Charlotte, NC
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Ron and Alexandra Seigel
Carpinteria, CA
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Anthony Acosta - ALLAT...
Atlanta, GA
1,153,794
My #1 suggestion is to work on their "dream" credit before doing anything else. After that get on a strict budget where you can save, save & save more.
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Mary Yonkers
Erie, PA
-
Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Lyn Sims
Schaumburg, IL
-
Pete Xavier
Pacific Palisades, CA
-
Candice A. Donofrio
Fort Mohave, AZ
-
Ron and Alexandra Seigel
Carpinteria, CA
1,712,876
A great loan officer is your best friend.
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Tony and Suzanne Marri...
Scottsdale, AZ
-
Kevin J. May
Hobe Sound, FL
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Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Lyn Sims
Schaumburg, IL
1,057,404
When you have 25% in cash (20% for a DP/equity and another 5% reserves), THEN buy a home whose monthly payment will not exceed your weekly net income.
Ability to buy a home and the wisdom to own a home are not interconnected.
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Kevin J. May
Hobe Sound, FL
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Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Lyn Sims
Schaumburg, IL
1,847,621
Start investigating & they'll find out it's easier than they thought. It's always cheaper than rent at least in my Chicago Metro area so go for it.
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Kevin J. May
Hobe Sound, FL
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Debe Maxwell, CRS
Charlotte, NC
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Susie Kay
Plano, TX
544,014
Get the best Realtor they can find. Give them the criteria of an excellent Realtor so they can evaluate the best suited Realtor for their purpose.
-
Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Lyn Sims
Schaumburg, IL
5,244,229
A good discussion with a competent mortgage loan officer who can discuss the alternatives.
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Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
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Nina Hollander, Broker
Charlotte, NC
5,772,693
I agree with Kevin J. May A
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Kevin J. May
Hobe Sound, FL
-
Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
716,874
The first time home buyer needs to be prequalified in order to determine what he/she can afford. It is a waste of everyone's time to show them property that they don't qualify to purchase.
-
Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
3,350,439
Get preapproval and do not purchase at the upper end of their limit.
-
Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
1,728,656
Look at the average home ownership term for the area and then review the property tax and insurance rate inflation for the same area. Do not purchase unless the future term of ownership is still affordable at curent income levels.
-
Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
6,423,260
Dont shoot for your "Dream Home", buy something that you can Easily afford.
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Bob Crane
Stevens Point, WI
509,449
I would connect them with lenders that I typically work with. These are lenders that I know are good and will help them.
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Debe Maxwell, CRS
Charlotte, NC
3,986,308
My advice is to spend less than the gank says you can...you may have a chance then
-
Susie Kay
Plano, TX
5,583,328
find guidance from a mortgage officer who knows what he/she is doing.....and tie in with a buyer's agent who is well-versed with buyer agency....
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Susie Kay
Plano, TX
86,514
My advice to every first timer is get into the market. Don't expect your dream home. Compromise on some items you can add to the house at a later time. Stick to your Credit Approved" loan and price and don't look above that! My Mom used to say, 'your eyes are bigger than your stomach!" Buyers need to take this to heart. But become "Credit Approved" which means the ONLY items remaining is an appraisal, clear title and the contract. I've been going in with NO loan contingency as my lender is super strong and when he says they are fully "Credit Approved" he means it!
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Susie Kay
Plano, TX
902,348
5,115,873
Too generic a question. Send them to a good lender and find out what they can qualify for.
-
Susie Kay
Plano, TX
2,785,296
An eye to eye with the subject source is not only free but necessary to begin
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Susie Kay
Plano, TX
7,869,880
Get preapproved by a trusted local mortgage loan officer and buy now before interest rates go any higher.
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Mike Albert
New York, NY
1,242,204
Talk to a loan officer get qualified before you start looking....
Eligibility does not mean you are qualified to be a home owner.
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Susie Kay
Plano, TX
5,879,125
Be sure they have reviewed their budget, and KNOW they can pay the mortgage.
4,966,035
420,003
1,506,773
636,527
Great question...one that I wish that all Agents would embrace. My professional opinion is to follow the steps & advice in the following blog on AR:
1,466,257
809,258
Talk to a goood and trusted lender. -Kasey
Dave Ramsey days 20% down and 15 year fixed.
599,734
Buy within your means. In other words, don't borrow $300,000 just because the bank is willing to lend you that much.
3,071,489
1,231,853
Good question Mike Albert and lots of good answers. Enjoy July 4th holiday.
4,800,132
4,434,177
4,319,773
Mike Albert - I share the KCM chart with them most of the time they realize that homes are going to be getting less affordable as time passes.
182,965
1,554,377
1,625,153
3,988,013
Speak or meet with a reputable lender and the lender will qualify and present the buyer with options if the buyer is able.
2,684,769
5,257,583
Start by meeting with one of my preferred lenders - then, let's talk shopping for a home!
3,590,291