BuyingAHome-JenniferChristenot
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new mortgage payment you will have, should not be greater<br />
than 41% of your gross income. These are the ratios that are<br />
typically used by lenders when determining if they are going to<br />
agree to the loan.<br />
One of the best ways to find out how much home you can<br />
afford is to find a mortgage calculator online. Simply search<br />
through any search engine and you’ll be provided with a list of<br />
calculators that will all take some basic information from you<br />
and determine how much of a home you can actually afford.<br />
30.) What are the average utility bills for the home you’re<br />
considering?<br />
To find out the utility costs of any home, try to speak to the<br />
seller directly about it. They can not only provide you with an<br />
average monthly amount, but they can also tell you whether<br />
they kept the house warm, if they continuously ran dishwashers<br />
or laundry machines that would use up more water and<br />
energy, or if they had any appliances in the home that used<br />
a lot of energy. All of these things will help you compare<br />
their utility bills with yours, as you may not keep the heat on<br />
that high or simply use less energy and resources, which can<br />
ultimately make a difference in the monthly bills.<br />
31.) What are comparable properties worth?<br />
A real estate agent can tell you what the asking price is on an<br />
offer, and they can provide guidance as to whether a seller<br />
will even consider your offer if your first suggested offer is<br />
FAQ’S ABOUT BUYING A HOME | JENNIFER CHRISTENOT<br />
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