Owning a home is a big step towards financial stability over time. Your hard-earned dollars could make their way back to you – rather than to a landlord. As a homeowner, you’ll start building equity.
What is equity? In short, it’s the portion of the property that you actually “own” which grows as you pay off your loan.
Showing that you can manage your day-to-day finances and save money is important when it comes to applying for a mortgage. In most cases, you’ll need to make a downpayment of at least 3.5% of the purchase price for an FHA loan all the way up to 20% for a conventional loan. If you haven’t been saving, start doing so right away to build up your home buying fund.
Costs will typically include your monthly mortgage, property taxes, potential HOA fees, mortgage insurance and any fees associated with the home buying process and upkeep of your home.
Call a lender, like McKenzie! Having a good understanding of your finances before taking the leap into the home searching process can pay off in big ways.
You and your lender will carefully review your income and credit report before you begin your home search – providing you with an accurate loan approval amount from the start. This means you can limit your search to only see homes that fall within your actual budget – avoiding the temptation of homes that cost too much.
Call McKenzie and Heidi today! They are ready to get to work for you and make your home-owning dreams a reality.
Heidi Amirault – 704.909.9909
McKenzie Cochran – 706.832.3061
Heidi uses her personalized office to remind her of each client’s unique and personal real estate needs.
Q: What are you most excited about accomplishing in real estate?
Bringing my dream of a “boutique” real estate experience to life – very personalized and exceptional service for every client.
Q: Why did you choose a career in real estate?
Really, it chose me! My first job out of college was as a real estate firm receptionist. After a few years, I became an agent assistant and fell in love with the business. Now I am an agent myself, working hard for my clients.
Q: Why did you choose to work in Augusta?
After spending years as an assistant, purchasing my own home, and sending my son off to college, it was a perfect transition.
“Augusta has a small town feel. Everyone knows their neighbors and we all look out for each other.”
Q: How long have you lived in Augusta?
I originally moved to Augusta in 2000.
Q: What do you love most about your neighborhood?
The people! Most of my Ravenwood and Montclair neighbors have lived there for years. It’s also the perfect neighborhood for my early morning jogs, especially when I include a few laps around the Warren Road Rec Center.
Q: Do you have any advice for home sellers in Augusta?
Price it right
the first time – inflating the price of your home not only turns off buyers, but it prolongs the sale of your home. This website will help find get an accurate estimate of your home’s valueQ: Do you have any advice for home buyers in Augusta?
Make sure you are pre-qualified before beginning your search – it shows the seller you are serious and lets you know what price range you can afford. And call me!
Let Heidi Work For You!
Heidi is ready to stand up for you and make your home-owning dreams come true. Contact her today to find out exactly what she can do for you.
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