We will be providing you resources that we have found valuable
to our past and current clients. Please contact us with
specific requests for services or subject matter experts.
One of the first recommendations we have for our home buyers is to
strengthen and protect your Credit Score.
In this day and age when banks and other lending institutions have taken huge
financial losses, they are giving their best, and sometimes only
deals to borrowers with the best ability to repay. Thus, one of the first
action items for you is to know your credit score, and know what you can do to
get it and keep it high enough until the day when we hand you your keys!
One of the national vendors we recommend is: Equifax -
Get an Equifax 3-in-1 Credit Report Now!
Knowing how much you can afford to pay is a very important element of
the home buying process. The more common loans today are FHA with a
3.5% Down-payment. With this loan you will have a PMI (Private
Mortgage Insurance) premium that will be added to the loan balance (not
added to the purchase price) -- this amount will be approximately 2%.
For the loan calculator on the right side-bar to work correctly please add
this PMI percentage to the loan amount (in the box labeled "Purchase
price:").
Try
out the loan calculator to see how a change in interest rates affects your
payment. You can also try a 15 year term (be sure to use the often
lower interest rate for this loan) instead of a 30 year term -- the results
may surprise you!
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Home Ownership is an
essential wealth building component for those of us
living in the USA. Working with us will ensure you
net the best equity!
Welcome!
Kathryn Alexander &
John Slocum
of RE/MAX equity group, inc. are your hosts for this
website.
