Call TODAY to speak with a USDA Home Loan Specialist (855) 474-7169
Crucial Information that You Need to Know When Buying a House
Getting a house in Georgia is one of the most life- changing decisions that you would have to make. Getting your own house adds up a whole new meaning to the word independence. A lot of people tend to get a bit too excited just merely thinking of it. But how would you know if you’re doing the right thing?
If you’re planning to get a house, make sure to start saving right away. The earlier you start, the easier it gets. Most mortgage companies in states like Georgia would ask you to pay at least 20% of your future house’s total value and will serve as a down payment. That amount will get deducted from your principal balance. But coming up with at least 20% is not an easy feat. That’s why you have to make sure that you start saving now, to make it much easier to get a mortgage later on.
There are a lot of factors to consider when getting a house. Certain factors like its location, amenities, and sometimes even the neighborhood should always be put into consideration. That’s why you have to think things through and don’t rush it. People who usually rush would often overlook things which they may regret in the future.
Make sure to save something extra in case there’s just too many additional expenses that might be added to your monthly budget. As a first- time homeowner, you won’t be able to predict just how much would be your utility bills for the first couple of months. You might also need some home repairs every now and then. These things can make such a huge difference in your monthly expenses. That’s why it better to build an emergency fund if in case these things will happen in the future. Coming up with an emergency fund even before you start applying for a mortgage can take off a lot of stress from you if in case you need something extra.
Check out other mortgage companies if possible. You might be surprised at how low mortgage rates are from different companies. Checking out two or three mortgage firm is acceptable. Compare the rates from each firm and see what offer sounds good to you. You might be saving thousands of dollars in a few years just by doing this.
Be There When Doing a Home Inspection
Home inspectors from cities like Atlanta are the ones who usually inspect every room in the house. Make sure that you’re there when they're doing the inspections. Take notes, ask questions if needed. You might want to check things out for yourselves just to make sure. A home inspection is very important because this is the best time where you can actually see the details of the house. You might see something that needs replacement and asks the seller to have it fixed before you purchase it.
Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply.
This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.