FAQs

Q. How do I begin?
A. Call an agent you can trust.

Q. How do I know who to trust?
A. Ask for references!!! Check experience, education, and expertise.

Q. How do I know what I can afford?
A. A real estate agent can guide you in your search with information regarding loans products available to you that you may not know are available.

Q. What does my credit score mean?
A. A credit score is a barometer to the lending institution as to your willingness to repay. There are many factors that a lending institution will look at as well as your credit score. One of the main credit issues they look at are the housing related payments. For example, late rent payments or current housing payments are weighted more heavily. A lender will be able to guide you through the process with your real estate agent.

Q. How much debt should I have?
A. There are ratios used by lending institutions to determine how much you can use of the funds you have which are discretionary. If you have a large amount of recurring payments, car, or credit cards, they will reduce the amount of money you have available to use towards you housing costs.