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Sunday 05 January 2025 19:26:11 GMT
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DON’T make this mistake👇👇 13 things you need to know before you buy a house:  1. The easiest way to get a lower your monthly payment is to ask the seller for an interest rate buy down  2. After you get pre-approved… get 2 more mortgage quotes from different lenders. This can save you thousands and won’t hurt your credit if you do it all within 2 weeks.  3. After you buy a house, find out if you qualify for a homestead exemption. This is done through your county/city and lowers your payment 4. After you buy a house, save your closing paperwork. You can write off some of your closing costs when you do taxes.  5. The process takes 4 months on average so start early.  6. Your monthly payment will increase over time 7. The WORST homes to buy are newly renovated homes that are cosmetically updated but systemically outdated (plumbing, HVAC, roof, etc).  8. The seller can pay your closing costs, which can save you $10,000+  9. Lenders will approve you for more than you can afford, so tell the lender how much you want to spend per month & base your pre-approval off of that.  10. After buying a house, you’ll be at risk for insurance and deed scams. Always check with your lender before sending payments.  11. Do NOT just shop for interest rates - also shop for lender fees. Lenders can offset a lower interest rate by increasing your closing costs, so it’s easy to get ripped off without knowing it.  12. Most first-time homebuyer assistance is offered at a state & county level - check to see what your area has.  13. Your first mortgage payment SKIPS a month - so if you close in May, you don’t make a payment until July.  Follow me @txcigarrealtor if you want to learn how to save $50,000+ while buying a house! #ModebePikin #TexasCigarRealtor #Houston #Homebuyingtips #fyp #NewConstruction #RealEstate #IgniteYourDreams
DON’T make this mistake👇👇 13 things you need to know before you buy a house: 1. The easiest way to get a lower your monthly payment is to ask the seller for an interest rate buy down 2. After you get pre-approved… get 2 more mortgage quotes from different lenders. This can save you thousands and won’t hurt your credit if you do it all within 2 weeks. 3. After you buy a house, find out if you qualify for a homestead exemption. This is done through your county/city and lowers your payment 4. After you buy a house, save your closing paperwork. You can write off some of your closing costs when you do taxes. 5. The process takes 4 months on average so start early. 6. Your monthly payment will increase over time 7. The WORST homes to buy are newly renovated homes that are cosmetically updated but systemically outdated (plumbing, HVAC, roof, etc). 8. The seller can pay your closing costs, which can save you $10,000+ 9. Lenders will approve you for more than you can afford, so tell the lender how much you want to spend per month & base your pre-approval off of that. 10. After buying a house, you’ll be at risk for insurance and deed scams. Always check with your lender before sending payments. 11. Do NOT just shop for interest rates - also shop for lender fees. Lenders can offset a lower interest rate by increasing your closing costs, so it’s easy to get ripped off without knowing it. 12. Most first-time homebuyer assistance is offered at a state & county level - check to see what your area has. 13. Your first mortgage payment SKIPS a month - so if you close in May, you don’t make a payment until July. Follow me @txcigarrealtor if you want to learn how to save $50,000+ while buying a house! #ModebePikin #TexasCigarRealtor #Houston #Homebuyingtips #fyp #NewConstruction #RealEstate #IgniteYourDreams

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