FAQ
Am I Ready to Be a Homeowner?
You’re ready to be a homeowner when your finances, long-term plans, and lifestyle align with the responsibilities of owning a property.
Is Renting or Buying Better?
Renting offers flexibility with fewer long-term commitments, while buying builds equity and provides long-term stability. The better choice depends on your budget, lifestyle, and how long you plan to stay in one place.
What Is the Lender’s Formula?
The lender’s formula is a financial guideline used to determine how much you can safely borrow based on your income, debts, and credit profile.
What Do I Look for in Homes?
Becoming a homeowner means you’re prepared for a long-term financial commitment and stable monthly expenses. If you have steady income, savings for a down payment, and feel ready for responsibility, you’re on the right path.
Do I Need a Home Warranty?
A home warranty isn’t required, but it can provide peace of mind by covering unexpected repairs for major systems and appliances. It’s a good option if you want added protection against sudden costs after moving in.
What Should I Expect at Closing?
At closing, you’ll review and sign the final documents, settle any remaining payments, and officially complete the purchase.Â
What Is Pre-approval?
Pre-approval is a lender’s written confirmation of how much you can borrow based on your income, credit, and financial history. It strengthens your position as a buyer and helps you understand your budget before you start looking at homes.
Am I Ready to Rent?
You’re ready to rent when your budget, income, and lifestyle comfortably support monthly payments and basic living expenses.
What Should I Offer?
Your offer should reflect the home’s market value, current demand, and your budget comfort. Reviewing recent sales in the area and considering the property’s condition helps you make a fair, competitive offer.
Can I Ask You for Advice?
I’m here to guide you with clear, simple answers so every step of your home search feels a little lighter and a lot more confident.