Puget Sound Home Buying Techniques
Puget Sound Home Buying Techniques
Buying a Puget Sound area home is an exciting and important life event. Being a first time home buyer means you will have many decisions to make — and just as many questions that need answering.
Buying your first home is a huge step. These helpful Puget Sound home buying tips may reduce confusion about mortgage payments and the cost of buying a house:
- Get pre-approved – Buyers should always get pre-approved before they begin house hunting. Buyers should get a written pre-approval from a reputable mortgage lender before they start shopping for a home.
- Calculate your mortgage payments – Buyer’s mortgage payments might be the same or less than rent payments. The (principal and interest) monthly payment on a $200,000, 30-year, fixed rate mortgage with an interest rate of six percent (6.25%) is $1,231 — less than what some people pay for rent (taxes, insurance and any other fees, including closing costs, are extra).
Author:Jo Soss
Jo Soss is the designated Broker and the owner of Homefront Realty in Bremerton Washington. Selling real estate in the greater Puget Sound area since 1994 she has vast knowledge in all aspects of a real estate transaction. Using today's technology with her signature personal service allows her to achieve complete customer satisfaction.
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Great post, Jo, with very useful information for home buyers!