Many of the articles that we have written thus far have been about the rent to own financing option. There is much more to purchasing a home than just the financing options available to future home buyers.
This article is going to take a look at five of the worst possible things you can do in the home buying process. Whether you use the rent to own option or not, this is a fantastic article to help prepare you for a smooth transition from winter to homeowner.
Don’t Know Your Budget
So many people these days just simply do not know what their budget is for their home purchase. They are so focused and determined to buy a home but they do not know how much they can afford. This lack of knowledge can lead to major disappointment when they realize that the home that they want is not the home that they can afford.
In order to avoid this blunder you must work with a qualified professional, or do some research yourself, to figure out exactly what your budget is for a home purchase. There is no hard and fast number for how much you can afford, but looking around at different home prices, you can figure out how much a monthly mortgage payment would be. If the potential monthly mortgage payment is significantly higher than the rent that you are currently paying, chances are you are not financially... to read the full article please click here.
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