FAQ
Am I Ready to Be a Homeowner?
You’re ready to be a homeowner if you have a stable income, good credit, manageable debt, and can afford a down payment and future expenses. If you’re prepared for long-term commitment and responsibility, you’re on the right path.
Is Renting or Buying Better?
Buying builds equity and offers long-term savings, while renting gives flexibility with lower upfront costs. The better option depends on your financial stability, lifestyle, and long-term goals
What Is the Lender’s Formula?
The lender’s formula helps determine how much loan you can afford. Most lenders use the 28/36 rule — no more than 28% of your gross income should go to housing costs, and no more than 36% to total debts (including housing, loans, credit cards, etc.).
What Do I Look for in Homes?
Look for location, budget, size, layout, future resale value, and condition of the property. Also consider nearby amenities, safety, and your long-term lifestyle needs.
Do I Need a Home Warranty?
A home warranty isn’t mandatory but can be useful. It covers repair or replacement of major systems and appliances, offering peace of mind and protection from unexpected expenses, especially in the first year of ownership..
What Should I Expect at Closing?
At closing, you’ll review and sign final documents, pay any remaining costs (like closing fees or down payment), and officially take ownership of the home. Expect to receive the keys once everything is complete.
What Is Pre-approval?
Pre-approval is a lender’s confirmation that you qualify for a mortgage based on your income, credit, and finances. It shows sellers you’re a serious buyer and helps you understand your budget.
Am I Ready to Rent?
You’re ready to rent if you have a steady income, can afford monthly rent and utilities, and are prepared to handle responsibilities like paying on time and maintaining the space
What Should I Offer?
You should offer properties that align with your needs and budget, whether you’re looking to buy, rent, or invest. Our team will guide you through every step, ensuring you find the perfect space that meets your requirements, whether it’s a home, office, or commercial property. We also provide valuable insights into market trends and financing options to make your decision easier
Can I Ask You for Advice?
Absolutely! We’re here to guide you through every step of the process- feel free to ask us anything.