Category: Mortgage Info
The first step to buying any home is financing. Knowing what you are able to afford is essential when searching for a home suited to your individual needs. With so many financing options available, it can be confusing. Every buyer wants to know that they have done the right thing and have chosen the best possible financing option for their particular situation.
Let’s imagine you have a very specific location in mind; A dream neighborhood. The catch is that every home in that neighborhood is well above your price point, except one. It needs a new roof, some HVAC work, and definitely some new paint. However, you do not have enough cash-on-hand to make all of the needed repairs. Do you need to walk away from this home?