When shopping for a new home, visions of gorgeous kitchens, sumptuous master baths and closet space may do a rain dance in your head, but the most important step called financing your new home cannot be swept aside.
As you shop for your dream home the key questions you can ask yourself are what the financial alternatives you have if you fall short in payments or don’t have that kind of money to go for an outright purchase, do you give up the idea or find other options?
You answer a few simple questions-
What information will I need to gather to apply to finance my new home?
What can I afford in the way of a mortgage?
What are my loan options?