Posts from February 2024

The first step is to get you pre qualified for a loan.  In this step a loan officer will get your information to be able to run a credit check and verify your income.  Your income combined with existing debt obligations (car loans, student loans, other credit balances) will show how much of a payment you can afford.

Your monthly house payment typically consists of 4 main things, Principle (the amount of the original loan amount that you will pay down each month), Interest (the amount you pay the bank for the loan each month), Taxes (a monthly portion of your annual property taxes that is set aside in an escrow account), and Insurance (a monthly portion of your annual home insurance premium.

When you see a home that you like I will help you prepare an offer for that home.

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