FAQ

FAQ

Frequently Asked Questions

Am I Ready to Be a Homeowner?

Home ownership has many other cost factors associated with living, not just a mortgage payment for your starter or dream home. Your lifestyle and necessities change throughout a lifetime. My goal is to work with you to learn what is best for you when you’re ready and then start a detailed plan with you every step of the way. 

Is Renting or Buying Better?

Theres no wrong or right answer, it really depends. When you rent you pay only rent. At times a few extra utilities will also be paid, if it’s not included in the total rent. When you own, extra cost includes taxes, maybe a HOA fee (Home Owner Association), and other ancillary cost. Would you look back many years later and regret not buying a house?

How Do Lenders Determine Mortgage Loan Amounts?

Lenders have developed a formula to determine the level of risk of a prospective homebuyer. The formula varies but is generally determined by using the applicant’s debt-to-income ratio. Every lender maintains its own criteria for affordability, and will consider some of these following factors such as Gross Income, Front-End Ratio, Back-End Ratio, Credit Score.

What Do I Look for in Homes?

Some things I consider are paying close attention to your needs, and I will be asking you many questions. Where do you want to live, any particular communities that you like? What kind of house, any particular style?  Do you need a bonus room or flex-room? Do you entertain a lot, is a home suitable for entertaining, yard, pool, gated or guard gated community? I listen to your needs and help you see a vision of your home during the process.

Do I Need a Home Warranty?

 A home warranty can speed up the sales process!

Did you know that many Sellers use a home warranty more than any other incentive? They do, because they know that Buyers have a lot on their plate as they approach closing. Mortgages, down payments, moving trucks, and more can quickly drain their financial reserves. Covered items can cover costly repairs, a time-saving way to find service providers when an item breaks down. Different plans can offer 24/7 service requests, and protects covered home systems and appliances for a year or more after closing. 

What Should I Expect at Closing?

Closing on a house marks the beginning of a new chapter, the final step before becoming a homeowner includes lots of documents, signatures and fees. Closing costs are typically 2 to 5 percent of the loan amount. I keep you informed all the way to the closing so you know what to expect.

 
What Is Pre-approval?

It’s essential to understand what a  pre-qualification and pre-approval are. Many offers must include the pre-approval letter submitted to be considered. Mortgage approvals, refer to the steps a lender takes to verify that a client can afford a mortgage. I work with a team of lenders who are experienced and able to guide my clients through this process.

What Should I Offer?

I’m a licensed Realtor, broker associate. I can answer any questions if its related to my license. If it’s not compliant to my license then I  will direct you to a professional that can answer those questions. I work with a team of real estate attorneys and vendors like home inspectors, interior designers, contractors etc. 

Can I Ask You for Advice?

Although, I’m a licensed agent, Broker Associate I’m not able to provide any advice, because it is a compliant issue and matter.

Together let's find the Place You Deserve

Buy | Sell | Rent