The house is a financial asset, it is a place of living and parenting. That is a plan for the future. It is investment in your community. Therefore, you should have the opportunity to enjoy the benefits of ownership of all the Americans. And here are some tips for home buyers for the first time.
Knowledge is said to be open. This is literally true when it comes to buying a house. In order to become the first home buyer, you need to know where and how to start the home purchasing process. The following questions and answers are carefully chosen to get the foundation of basic knowledge about home procurement. In addition to helping you get started, these procedures navigate the house purchase process as far as the final proud step of ownership, whether you are ready to purchase a house or not We provide the necessary tools to do. The key to your new home.
1. Do I know that I am ready to buy a house?
You can find out by asking a few questions:
Do I have a stable income source (usually work)? Have I been hired regularly over the past two to three years? Can I trust my current income?
Do I have a good record to pay the invoice?
Are there very few unpaid long-term borrowings such as automobile payments?
Do I have any saved money for prepayment?
I have the ability to pay mortgage every month, but will it cost additional costs?
If you can answer "yes" to these questions, you are probably ready to purchase your house.
2. How do I get started from the process of buying a house?
Start thinking about your situation. Are you ready to buy a house? How much can you afford on payment for a month's mortgage? How much space do you need? Which area of the town do you like? After answering these questions, I will create a "To Do" list and start a casual investigation on real estate. You can talk with friends and family, go around the neighborhood, check out the "Housing" section of the newspaper, foreclosure list, Internet search.
3. How can we compare rental with home?
Two really do not compare at all. One of the advantages of borrowing is that there is little maintenance responsibility. However, by leasing, you can build up capital, lose the opportunity to benefit from the tax system, and prevent rising rent. Also, decorating without permission may not be free, and may be left to the landlord's hands for housing.
Owning a house has many advantages. When you make a mortgage payment, you are building a capital. And that is an investment. Also, ownership of the house will qualify tax system that will help deal with new financial liabilities such as insurance, real estate taxes and maintenance. But, given the freedom, stability and safety of owning your house, that is worth it.
4. How will the lender determine a reasonable maximum borrowing amount?
The lender considers your debt income ratio, which is a comparison of your gross income (pre-tax) income with non-residential expenses. Non-housing expenses include long-term borrowings such as car and student loan payments, dependents and children's aid. Monthly mortgage payments must not exceed 29% of total revenue and mortgage payments in combination with non-residential expenses shall not exceed 41% of total revenue. In addition, lenders lend money, such as down payment and close costs, credit history, when determining the maximum loan amount.
5. How can I select the right reality agent?
Let's ask if you can recommend agents to your family and friends. Before selecting one agent, create a list of several agents and talk to each one. Please find a representative who understands your needs well and understands the judgment you trust. The ideal distributor knows the area well and has resources and contacts that are useful for searching. Overall, you want to choose an agent that will be comfortable and can provide all the necessary knowledge and real estate services.
But please check the rent of the area on the internet before you go to a real estate agency.
6. How can I judge the necessity of my residence before I start searching?
Your house must match the place you live in and there are space and features to appeal to all the family members. Before you start looking at the house, create a list of priorities - such as location and size. Does the house should be close to a specific school? Your job? To public transit? How big should the house be? What type of lot do you like? What kind of amenities are you looking for? We set minimum requirements and wish list. "What you need at the very least is what the house must have to take it into consideration, but" hope list "covers what you have but not essential.
7. How do I decide on a community?
Please choose a community to live the best life in your daily life. Many people are choosing communities based on school. Do you want to access shopping and public transportation? Is access to local facilities such as libraries and museums important? Or do you prefer peace and quiet in rural areas? If you find a place you like, talk to the people who live there. They know best about the area and will be your future neighbors. More than anything, you want a neighborhood you feel comfortable with.
8. Can I learn about local schools?
Information on the school system can be obtained by contacting the city or county board of education or local school. Your estate agent may also have knowledge about the school in that area.
9. How can I learn that a certain community and neighboring residents live in large numbers?
Your real estate agent can give you a map of the stadium with a comparable listing. If you are working with real estate professionals, they may access comparable sales.
10. How can I learn information on property liability responsibilities?
The total amount of property tax for the previous fiscal year is normally included in the listing information. Otherwise, please request the seller a tax return or touch the ice of a local judge. As the tax rate may change from year to year, these figures are approximate values.
11. What should be considered for other tax obligations?
Please remember that your mortgage interest rate and real estate tax will be deducted. A qualified real estate professional can tell you details about other tax benefits and liabilities.
12. Are old-fashioned families better than new ones?
There is no clear answer to this question. For individual features, please look at each house. Generally, elderly families are in a more established neighborhood, offering more atmosphere and possibly lower property tax rate. However, those who purchase old houses should not maintain their home or repair them. New houses tend to use more modern architecture and systems, usually easier to maintain and more energy efficient. People buying new homes often do not want to worry about maintenance and repair.
13. What should I do when I walk around the house?
In addition to comparing your home with minimum requirements and wish lists, consider using the Home Scorecard to:
Is there ample room for present and future?
Are there enough bedrooms and bathrooms?
Is the house sound structurally sound?
Does the mechanical system and the appliance function?
Is the garden large enough?
Do you like floor plans?
Will your furniture fit in space? Is there enough storage space? (Prepare a tape to better answer these questions.)
Is there anything that needs repair or replacement? Will the seller repair or replace items?
Imagine good weather and bad times, and house in each season. Are you satisfied with it throughout the year?
Take your time and think carefully about each house you are watching. Please ask your real estate agent to point out the pros and cons of each house from the standpoint of experts.
14. What questions should I be asked when I am at home?
Many of your questions should focus on potential problems and maintenance issues. Do I need to replace something? Things that require ongoing maintenance (paint, roof, HVAC, electric appliances, carpet etc) Also, let's ask about the house and surroundings, focusing on quality of life issues. Please confirm that the seller's or real estate agents' answers are clear and complete. Please ask questions until you understand all the information you gave. Creating a list of questions in advance will help you organize your thoughts and arrange all the information you receive. Please prepare your own home question list before you go to real estate. Examine about monthly utility fee at home.
15. How can I track all the houses I saw?
If possible, take pictures of each house: outside, big room, garden, what you see as extra features you like or potential problems. And hesitate to come back again. I will organize pictures and memos of each house.
16. Is there anything you have to decide at home before choosing one?
There is no collective housing that must be seen before making a decision. Please visit as many as you need to find what you want. On average, home buyers will see 15 houses before choosing one. Please contact the real estate agent frequently about everything you are looking for. It helps to avoid wasting your time.
You found a dream home
17. What does the inspector of the house do, how do you do the inspection system when purchasing the house?
The inspector will check the safety of your potential new home. Home inspectors focus on house structure, construction, mechanical system in particular, let only recognize necessary repairs.
The inspector does not evaluate whether you are getting good value for your money. In general, inspectors inspect electrical systems, piping and waste disposal, water heaters, insulation and ventilation, HVAC systems, water sources and quality, potential existence of pests, foundations, doors (and prices for repair give). , Window, Ceiling, Wall, Floor, and Roof. Be sure to hire qualified and experienced family inspectors.
Before signing a written application, we purchased your home at the time the transaction was over, so we recommend you take an inspection. "Or you can present an inspection clause when negotiating a house.In examination you can buy a house if a serious problem is found.Re-negotiate the purchase price if repair is necessary , Check phrases can also specify that the seller must solve the problem before purchase.
18. Do I need to be there for inspection?
It is not mandatory, but it is a good idea. After the inspection, the inspector of the house can answer the question about the report and problem areas. This is also an opportunity to listen to objective opinions about the house that I'd like to purchase and it is a good time to ask general maintenance questions.
19. Do I need other kinds of inspection?
If your inspector finds a serious problem, a more specific examination may be recommended. Radon gas Asbestos and other various health related risks or the possibility of water or waste disposal system problem, we recommend you consider examining at home.
20. Can I protect my family from the lead of my family?
If the house you are considering is built before 1978 and there are children under the age of 7, a lead-based inspection is required. It is important to know that lead flakes from paint may be present in both the home and its surrounding soil. This problem can be solved by repairing the surface of the damaged paint or planting the grass in the affected soil. We hire a lead reduction weight contractor to remove painted chips.
21. Do I need a lover to buy a house?
Laws vary from state to state. In some states, as long as qualified real estate professionals are involved, lawyers need to support some aspects of the home purchase process, but not in other states. Even if your country does not need you, you can hire a lawyer to help complex documentation and legal contracts. Lawyers can review the contract, give special consideration, and help the closing process. Your real estate agent can recommend a lawyer. If not, please do shopping. Please investigate what kind of fee is paid and whether the lawyer had experienced it on behalf of home buyers.
22. Do I really need a home owner's insurance?
Yes. At closing time, it is necessary to make arrangements ahead of that day as it is necessary to have a paid home owner's insurance policy (or a receipt for that receipt). Plus, you can save money by involving insurance agents in the early stages of the house purchase process. Insurance agencies are an excellent resource for home safety information and can provide hints on how to keep premiums low.
23. What steps are necessary to lower the insurance cost of the owner of my house?
Please try to buy the maximum insurance company. Also consider the cost of insurance when you see the house. New houses and houses made of brick-like materials tend to have lower premiums. Please consider avoiding areas where natural disasters like floods are likely to occur. Please choose a house with a fire hydrant and a fire station nearby.
24. Is the home on the floodplane?
You can help real estate agents and lenders to answer this question. If you live on a floodplain, the lender will require you to have flood insurance before lending you money. But if you live near a flood plain you may choose to accept flood insurance for your house. In cooperation with insurance agency, we will establish policies that meet customer needs.
25. What do I have to think about other issues before purchasing a house?
Always check whether the house is in a lowland area or in a high-risk area of natural disasters (earthquakes, hurricanes, tornadoes, etc.), or in the area of dangerous goods. Please confirm that the house meets the building standards. Also consider the regional zoning method that may affect renovation or addition in the future. Your real estate agent should be able to help you with these questions.
26. How can I make an offer?
Your real estate agency will help you create an offer containing the following information:
Complete legal description of property
Real amount
Details of own payment and financing
Proposed entry date
Price provided by you
Suggested end date
Period during which the offer is valid
Transaction details
Remember that sales commitment depends not only on providing but also negotiating a satisfactory contract with the seller.
Another way to lower in-insurance costs is to guarantee your home and car in the same company, increase the security of the house, and ask for group coverage through alumni associations and business associations. By raising your deduction, insurance costs will always be lowered, but if you have to file a claim, you will be subject to higher self-sacrifice costs.
27. How can I decide the first offer?
If you do not have a buyer's agent, remember that the agency works for the seller. Please ask to keep your discussion and information confidential. Listen to advice from your real estate agency, but follow your instinct when deciding fair prices. In calculating the offer, it is necessary to include several factors such as the households selling in the region, the condition of the house, the period of being on the market, the conditions of financing and the situation of the seller. By the time you are ready to make an offer, you should know what your home is and what you can afford. And when you buy a house please prepare for very general negotiations. Buyers and sellers often come and go until they agree on prices. Please check the home's price in that area of the website.
28. What is the worst money? How should I put aside?
Truth money is the money put on to show your seriousness about buying a house. It must be adequate to prove sincerity, usually 1 - 5% of the purchase price (although the amount depends on local customs and conditions). If an offer is accepted, the proceeds will be part of prepayment or a fee. If an offer is returned, your money will be returned. If you cancel the contract, you may lose the full amount.
29. What is "house warranty"? Do I need to consider them?
Housing guarantees provide protection for a certain period of time (eg one year) against potentially expensive problems such as unexpected repair of home appliances and home systems not covered by insurance of the owner of the house I will. Warranty is becoming more common as it is known that many people are tied up in cash to provide protection immediately after purchasing a house.
General funding questions: basic
30. What is mortgage?
In general, mortgages are loans acquired to purchase real estate. "Mortgage" itself is collateral (legal claims) on residential or real estate that guarantees the promise to pay debt. Every mortgage has two things in common: principal and interest.
31. What is valuable financing (LTV) How does it determine the size of my loan?
The ratio of the loan amount is the amount borrowed compared with the price or appraisal value of the house you purchase. Each loan has a specific LTV limit. Example: If you use a 95% LTV loan at home with $ 50,000 you will have to pay, paying $ 47,500 (95% of $ 50,000) and you have to pay $ 2,500 as a contract.
The LTV ratio reflects the amount of equity owned by the borrower at home. The higher the LTV, the better the home buyer needs to pay from his own funds. Therefore, in order to protect lenders from the possibility of default, LTV loans (over 80%) loans usually require mortgage insurance contracts.
32. What type of loans are available and what are the advantages of each?
Fixed rate mortgage: payment is the same during the lifetime of the loan
Type
15 years
30 years
Advantage
Predictable
Housing costs are not affected by changes in interest rates or inflation.
Adjustable rate mortgage (ARMS): Increase or decrease in payment on a regular schedule with interest rate change. Subject to restriction
Type
Balloon Mortgage - offer very low rates during the initial period (usually 5, 7, 10 years). When time passes, the balance becomes a clue only (although it will not be done automatically)
Two-step mortgage - Interest rate adjustment is only once, the term of the loan is the same
ARMS linked to a specific index or margin
Advantage
Generally, it provides low initial interest rates
You can lower your monthly payment
The borrower can qualify for a larger loan amount
33. When does ARMS detect it?
ARM may make sense if you are convinced that your income will steadily increase over the years or anticipate move in the near future and not worry about the potential rise in interest rates .
34. What are the advantages of the 15 and 30 year loan terms?
30 years:
In the first 23 years of the loan, more interest is paid over the principal, which means a larger tax deduction.
As inflation and living expenses increase, mortgage payments become part of the overall cost.
15 years:
Loans are usually made at lower interest rates.
Because early payment pays more principals, stocks are built faster.
35. Can I pay my loan before the schedule?
Yes. By sending extra money each month or paying extra at the end of the year you can accelerate the process of paying loans. When sending extra money please specify that excess payment will be applied to principal. Most lenders allow prepayment for loans, but you may have to pay a prepayment penalty. Please ask the lender for details.
36. Is there a special mortgage for the first home buyer?
Yes. The lender offers several affordable mortgage options that help overcome obstacles that made initial home purchasers difficult to purchase homes in the past. Lenders now can support many borrowers who are not savings due to prepayment and principal and interest.
37. How much do you need most of the payment?
There are currently available mortgage options that require only a prepayment of 5% or less of the purchase price. However, the greater prepayment, the less you need to borrow, you can increase the stock. Mortgages that pay contracts less than 20% usually require a mortgage insurance contract to secure the loan. When considering the size of prepayment, please think that it is necessary to reduce expenses, transfer expenses, repair or decorate.
38. What is included in the mortgage at the end of the month?
The payment of the monthly mortgage is principally paid principal and interest. However, most lenders also include local real estate taxes, homeowner insurance, mortgage insurance (if applicable).
39. What factors will affect mortgage payments?
The prepayment amount, the mortgage amount, the interest rate, the repayment term length, and the payment schedule all affect your home loan payment amount.
40. What is the interest rate coefficient when holding a mortgage loan?
If you lower interest rates you can borrow more money than high interest rates on monthly payments. Because interest rates may fluctuate as you buy a loan, ask the inquirer whether the offer provides an interest rate "lock-in" that guarantees certain interest rates for a certain period of time. Please note that the lender must disclose you the annual rate of loan (APR). APR will reflect the cost of the mortgage with the annual interest rate. This is generally higher than interest rates, as it also includes the cost of points, loan insurance, and other fees included in the loan.
What happens if the interest rate falls and there is a fixed rate loan?
If the interest rate drops significantly, you can investigate refinancing. Most experts agree that refinancing is wise if you are in your home for at least 18 months and you can get a 2% lower rate than your current salary. However, with refinancing, you will need to pay origination and application fee to many of the same fee as you paid at the time of the original closing.
What is the discount point?
Discount points can lower your interest rate. These are basically prepaid interest rates, and each point corresponds to 1% of the total loan amount. Generally, for each point paid for a 30-year mortgage, the interest rate will drop by 1 / 8th (or 125) of 1 percentage point. When shopping for a loan, after seeking a 0 point interest rate to the lender, check how much the rate is achieved for each payment point. Because you can lower the monthly loan payment, discount points are prudent if you plan to stay at home for a period of time. As you purchase the house, the points can be deducted for taxes and the seller can negotiate to pay the part.
43. What is an escrow account? Do I need one?
The escrow account established by your lender is the place to refund some of the monthly mortgage payments to cover homeowner's insurance, mortgage insurance (if applicable), and real estate tax annual fee. Escrow account is a good idea. Because we always make money available for these payments. When paying property tax or property owner's insurance payment using an escrow account, please do not pay penalty because it is the lender's responsibility to pay.
44. What steps are necessary to secure funds?
The first step to secure a loan is to complete the loan application. To do this you need the following information:
Pay the stub for the past two to three months
過去2年間のW-2フォーム
長期債務に関する情報
最近の銀行の声明
過去2年間の納税申告書
他の所得の証明
あなたが購入したいプロパティの住所と説明
Distribution contract
申請プロセス中、貸し手は、あなたの信用履歴と、購入したい財産の専門家の評価に関するレポートを注文します。申請プロセスには通常1〜6週間かかります。
45.私のために右の貸し手を選ぶにはどうすればいいですか？
貸し手を慎重に選択してください。財務の安定性と顧客満足度の評判を探します。役に立つアドバイスを提供し、快適に感じられる会社を選ぶようにしてください。ローンをローカルで承認して処理する権限を持っている貸し手が優先されます。これは、アプリケーションのステータスを監視して質問する方が簡単になるためです。さらに、貸し手が地方の家の価値と条件を知っているときには有益です。研究を行い、家族、友人、不動産業者に勧告を求める。もう一度インターネットリサーチで家計の資金調達を手伝うことができます。
事前承認と事前承認はどのように異なるのですか？
事前資格は、借りることができるかどうかを見るための非公式な方法です。あなたは事前認定を受けることができます。＆＃39;貸し手にあなたの収入、あなたの長期借金、およびあなたが手に入れることができる契約金額を教えることによって、書類作成なしに電話で。いかなる義務もなく、これはあなたが家に費やすことができる金額の球場の図に到達するのに役立ちます。
事前承認は貸し手の実際の約束です。質問47（不動産の説明と売買契約なし）に記載されている財務記録を組み立て、事前承認プロセスを経る。事前承認は、あなたが買う余裕があるものの明確なアイデアを提供し、売り手が買い物を真剣に考えていることを示します。
47.信用不良者スコアとは何ですか？貸し手はそれらをどのように使用しますか？
クレジットビューロースコアは、あなたのクレジット履歴に基づいて、あなたがローンを返済できる可能性を表す数値です。貸し手は、住宅ローンの適格性を判断するためにそれを使用します。スコアが上がるほど、ローンを得る機会が増えます。詳細は貸し手にお尋ねください。
Closure
48.私の融資のために私が適用された後はどうなりますか？
通常、申請の評価を完了させるには1〜6週間の貸し手が必要です。申請書が提出された後、貸し手が詳細な情報を求めることは珍しいことではありません。情報の提供が早くなればなるほど、アプリケーションの処理はより速くなります。すべての情報が確認されたら、貸し手はあなたのアプリケーションの結果を知らせるためにあなたに電話をします。ローンが承認されると、締め切り日が設定され、貸し手はあなたとの締め切りを検討します。閉鎖後、あなたは新しい家に入ることができます。
49.最終歩行中に何を見なければならないのですか？
これは家具のない家を調べる最初の機会になりそうなので、すべてのことを明確に見ることができます。慎重に壁や天井を確認し、検査に応じて売り手が合意した作業を確認してください。以前に発見された未修正の問題は、終了する前に提起する必要があります。それを修正するのは売り手の責任です。
50.家の近くには何がありますか？
特定の地域に特化した閉鎖費用があるかもしれませんが、閉鎖費用は通常以下のもので構成されています：
弁護士またはエスクロー手数料（あなたとあなたの貸し手は該当する場合）
不動産税（現在までの税務期間をカバーする）
利息（決済日から最初の毎月支払の30日前までに支払われる）
ローンオリジネーション料金（貸し手の管理費を含む）
録音料
調査料
住宅ローン保険の第一保険料（該当する場合）
タイトル保険（あなたと貸し手）
ローン割引ポイント
エスクローのための最初の支払いは、将来の不動産税と保険のアカウント
住宅所有者の保険証書（および該当する場合は火災および洪水保険）の領収書。
ドキュメンテーションの準備手数料
51.休業日には何が期待できますか？
あなたは有料の住宅所有者の保険証書、または保険料が支払われたことを示すバインダと領収書を提示します。その後、売り手は、売り手に借りたお金（前金、前払いの税金など）と売り手が負うお金（未払いの税金と前払いの家賃、該当する場合）を記載します。売り手は、検査、保証などの証拠を提供します。
すべての書類を理解したら、抵当権に署名し、支払いをしなければ、貸し手はあなたの財産を売却し、あなたに支払う額に費用を加えて販売価格を適用することができるということに同意する。ローンを返済すると約束しているモーゲージノートにも署名します。売り手はあなたに署名された行為の形で家のタイトルを与えるでしょう。
貸し手の代理店にすべての決算費用を支払うと、支払ったすべての明細の決済明細書が返されます。証書と抵当権は州の登録証に記録され、あなたは住宅所有者になります。
52.私は何を締結するのですか？
和解声明（提供されているサービスと料金が請求され、それはクロージングエージェントによって記入され、クロージング前またはクロージング前にあなたに与えなければならない）
貸借対照表の真実性
住宅ローンノート
抵当権または信託証書
拘束力のある販売契約（売り手が準備した;あなたの弁護士はそれを見直さなければならない）
あなたの新しい家への鍵
私は売春のための家をどこで見つけることができますか？
下のリンクをクリックして、あなたの近くで販売する格安家を見つけましょう。
