Month: November 19, 2012

Home Financing Coral Springs, FL: Why Mortgage Brokers can assure your Financial Survival

When attempting to purchase a new home, there are several different factors involved. There are the buyer’s personal lives and other investments, there are the seller’s intentions and preferences, and of course, planning for the future is critical. So a couple will have different needs than a single homeowner, and a home owner with plans on leaving their home after only a few years will have different needs than a home owner with plans to stay for very long periods of time. Commonly, people switching from one status to another do know how to compensate for the change and may end up hurting themselves in the long run.     It is important to make some decisions. You should think about how long you desire to live in your new…

Home Financing Coral Springs, FL: How Much Are You Comfortable Spending on a New Home?

When we think about home financing, we consider a challenging and multi-faceted ordeal. We are talking about interest rates for mortgages, debt ratios, sales prices and down payments. All the numbers must line up correctly for your situation for you to be comfortable making such a heavy purchase as a new home. Mortgage loans can be intimidating and sometimes they will seem like a perfect opportunity, but always make sure you know all the details before you commit. If you get in over your head, then you are in a bad spot because medical bills, damages, or other random costs might spring up and you need to be able to afford them. Make sure you know how to guarantee your financial safety in your next, or first, home purchase.  …

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