FAQ
Frequently Asked Questions
Am I Ready to Be a Homeowner?
If you’re saving money every month, that means your cash flow is in good shape, which is a good sign you’re ready to buy a home
Is Renting or Buying Better?
A common rule of thumb is if you plan to stay in the home for five to seven years, then buying is a good option.
What Is the Lender's Formula?
Lenders generally charge what is known as simple interest. The formula to calculate simple interest is: principal x rate x time = interest
What Do I Look for in Homes?
The location, neighbourhood, kitchen, closet and storage, windows and lightning.
Do I Need a Home Warranty?
A home warranty covers service, repair, or replacement of your major home systems and appliance
What Should I Expect at Closing?
Lender runs the credit report again and re verifies the employment.
What Is Pre-approval?
In lending, pre-approval is the pre-qualification for a loan or mortgage of a certain value range.
Am I Ready to Rent?
A popular rule of thumb says your income should be around 3 times your rent.
What Should I Offer?
You have to consider what’s a fair offer and how far below the asking price is reasonable.
Can I Ask You for Advice?
Anytime Email at [email protected] or call/text at 949 606 4903.