Buyer’s Financial Considerations
There are many financial factors involved in buying a home. Here are some of the factors to consider:
- Annual income of all buyers
- Length of time employed at current job
- Other Assets or Income
- Current Credit Report
- Estimated Closing Cost
- Type of Loan.
- Maximum Down Payment Available
- Source of Down Payment
- Maximum Monthly Payment, Including Principal, Interest and Taxes
- Present Monthly Payment
- Prepayment Penalty on Current Loan
- Do you need to sell a home in order to buy?
