Re: About to buy a house
if its a new build find out if the builder has a mortgage company they "work with". They usually do, they also usually have some incentive to go with them - find out what that is and if its worth it.
Be VERY REALISTIC about how long you plan to live in the house. I'm in my 2nd place in 4 years and probably will be moving in the next 12 months. Both places my wife and I figured we'd be in for AT LEAST 5 - 10 years, so we got conventional 30yr fixed .. we would have saved a TON of $$$ if we had been realistic about the good/bad of the home and how long we'd stay and gotten 5yr variable or some other shorter term loan. Be realistic! There are a TON of finance options out there -- talk to your lender and pic the one that really meets your needs.
Not sure exactly where you are or the property tax laws where you are, but find out if you're going to be hit with a "supplemental property tax" within 12mo of moving in.
ThisHo
|