Finding the right realtor can be a valuable tool in making the search for just the right home a successful, enjoyable experience. Let the experienced team of realtors at Owens & Company help you in your search for that perfect home.
 

What do you want in a home?

Even if you are a first time buyer or an experienced buyer, ask yourself why you want to buy a new home. Is this a move to a new community because of a job transfer or income change? What are you looking for in terms of real estate? What would you like in your new home that you do not have now? How long do you have to find a new home?
Answering these questions can help you define your real estate goals and make your real estate search more efficient.

Is the money arranged?

Pre-approved buyers have more negotiation power which may save money, and they may also get preference in the case of more than one buyer for the same property.
Being pre-qualified, will also set the price range of the property you qualify for, so your time can be better utilized in finding just the right home within that price range.
For tips on what you will need to bring with you when you apply for a loan, visit the Information Needed page.
 

Some loan programs require as high as 20 percent while others may require as little as a 5 percent down payment, and a few may even allow a zero down payment. Check with your lender on the amount required. Most buyers will opt to make a down payment to lower monthly mortgage payments.

While closing costs are not required to be paid up front, most lending institutions require cash be on hand to cover these costs at the time the loan is closed on.
Closing costs are the final costs associated with closing on a mortgage and may include Discount and Origination Points, application fees, appraisal fees, title search and title insurance, survey fees, credit report fees and attorney’s fees. Closing costs usually range from 3 percent to 6 percent of the loan amount. It is recommended that you get three Good Faith Estimates from mortgage lenders in order to pay the least possible closing cost fees.
Be sure to check with your lender on closing costs.
 

Interest rates:

Since interest rates change so often, it is best to contact your financial institution for their current rate. Owens Realty can also help with up to date information on current rates. Follow this link to a chart of the average nationwide mortgage rates.
 

This information is provided as a service of Owens & Company Real Estate. It is meant for general information purposes only and is not a guarantee of approval or qualification for a loan. Check with your lender for their rules and requirements.