2018 Prescott Relocation Guide -The Guedel Team

More documents

Recommendations

Info

2018 Prescott Relocation Guide MORTGAGE THINGS TO KNOW ABOUT HOME FINANCING 40 Call The Guedel Team with Realty ONE Group Mountain Desert - 928.460.4950
2018 Prescott Relocation Guide GET YOUR FINANCES IN ORDER: TO-DO LIST DEVELOP A HOUSEHOLD BUDGET Instead of creating a budget of what you’d like to spend, use receipts to create a budget that reflects your actual spending habits over the last several months. This approach will factor in unexpected expenses, such as car repairs, as well as predictable costs such as rent, utility bills, and groceries. REDUCE YOUR DEBT Lenders generally look for a total debt load of no more than 36 percent of income. This figure includes your mortgage, which typically ranges between 25 and 28 percent of your net household income. So you need to get monthly payments on the rest of your installment debt — car loans, student loans, and revolving balances on credit cards — down to between 8 and 10 percent of your net monthly income. LOOK FOR WAYS TO SAVE You probably know how much you spend on rent and utilities, but little expenses add up, too. Try writing down everything you spend for one month. You’ll probably spot some great ways to save, whether it’s cutting out that morning trip to Starbucks or eating dinner at home more often. INCREASE YOUR INCOME Now’s the time to ask for a raise! If that’s not an option, you may want to consider taking on a second job to get your income at a level high enough to qualify for the home you want. SAVE FOR A DOWN PAYMENT Designate a certain amount of money each month to put away in your savings account. Although it’s possible to get a mortgage with only 5 percent down, or even less, you can usually get a better rate if you put down a larger percentage of the total purchase. Aim for a 20 percent down payment. KEEP YOUR JOB While you don’t need to be in the same job forever to qualify for a home loan, having a job for less than two years may mean you have to pay a higher interest rate. GOOD CREDIT HISTORY Get a credit card and make payments by the due date. Do the same for all your other bills, too. Pay off the entire balance promptly. For the newest Prescott area properties visit www.ShopHomesInPrescott.com 41
Page 1 and 2: 2018 Prescott Relocation Guide Pres
Page 3 and 4: 2018 Prescott Relocation Guide 2018
Page 5 and 6: 2018 Prescott Relocation Guide “O
Page 7 and 8: 2018 Prescott Relocation Guide For
Page 9 and 10: 2018 Prescott Relocation Guide What
Page 11 and 12: 2018 Prescott Relocation Guide Gran
Page 13 and 14: 2018 Prescott Relocation Guide and
Page 15 and 16: 1.8 m 327 1.6 m TRAILHEAD INDIAN TR
Page 17 and 18: Enjoy Challenging & Scenic Golf 201
Page 19 and 20: 2018 Prescott Relocation Guide LOCA
Page 21 and 22: Higher Education: Embry-Ridd le Aer
Page 23 and 24: 2018 Prescott Relocation Guide More
Page 25 and 26: 2018 Prescott Relocation Guide Find
Page 27 and 28: 2018 Prescott Relocation Guide the
Page 29 and 30: 2018 Prescott Relocation Guide QUES
Page 33 and 34: 2018 Prescott Relocation Guide Comm
Page 35 and 36: 2018 Prescott Relocation Guide TIPS
Page 37 and 38: 2018 Prescott Relocation Guide 7 RE
Page 39: 2018 Prescott Relocation Guide HOME
Page 43 and 44: 2018 Prescott Relocation Guide LEND
Page 45 and 46: LOAN TYPES TO CONSIDER 2018 Prescot
Page 47 and 48: 2018 Prescott Relocation Guide 6 CR
Page 49 and 50: 2018 Prescott Relocation Guide WHAT
Page 53 and 54: 2018 Prescott Relocation Guide HOME
Page 55 and 56: 2018 Prescott Relocation Guide COMM
Page 57 and 58: 2018 Prescott Relocation Guide MOVI

2018 Prescott Relocation Guide -The Guedel Team

Create successful ePaper yourself

Delete template?

Save as template?