Answer by louise2 at 7:05 AM on Apr. 11, 2010
Answer by Kellyjude1 at 7:15 AM on Apr. 11, 2010
Make sure you have AT LEAST a 20% down payment; that your mortgage payment does NOT exceed 30% of your monthly TAKE HOME pay; and that at least one of you has steady and gainful employment--if you can make the mortgage payments on one salary, you're certain to be able to make ends meet with two incomes!
Also, it is in your best interest to pay for a home inspection PRIOR to closing--the inspection can save you thousands of dollars on unexpected repairs--ESPECIALLY if you buy a home from a "FiSBO" (For Sale By Owner) seller--you never know what they're hiding by trying to save a few bucks on closing costs!
Here are a few more tips:
Answer by LoriKeet at 7:19 AM on Apr. 11, 2010
Remember it is not just the mortage you have to pay. You have to pay the property taxes and house insurance to. And all the utilities, gas, water sewage, gabage, electic. And if anthing breaks in the house after you buy it. You foot the bill. No calling the owner or manager to fix it.
Answer by louise2 at 7:28 AM on Apr. 11, 2010
Answer by rkoloms at 7:37 AM on Apr. 11, 2010
Answer by Stefono at 8:04 AM on Apr. 11, 2010
Answer by SherriPie at 8:08 AM on Apr. 11, 2010
Answer by jalex at 8:17 AM on Apr. 11, 2010
Have your inspector check for mold...it's about $300 extra...but it sooooo worth the extra money.
Answer by momjoy1027 at 9:20 AM on Apr. 11, 2010
Answer by UAFwife at 9:21 AM on Apr. 11, 2010