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Brown Cafe UPS Forum
Life After Brown
We're buying a house.
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<blockquote data-quote="Sammie" data-source="post: 520647" data-attributes="member: 8657"><p><em><span style="color: darkgreen">Lovely home, Steve. And like DS says, Make your offer contingent on that home inspection, which can help you avoid buying into big repairs. It'll cost around $500, and you'll want to be there. And if I were you I'd get info[FONT=Verdana, Arial, Helvetica, sans-serif]<span style="font-size: 10px"> about neighborhood prices. Don't want to get fooled into paying too much.</span>[/FONT] Are you already pre-approved and know your credit score? That way you already know your price range and <strong>you're</strong> the big dog at the table. </span></em></p><p> </p><p><em><span style="color: darkgreen">Also, as a first time buyer, take your time with the mortgage info. Both my daughter and son-in-law let their homes go as they didn't understand it going in. A 15 or 30 year fixed with 20% to 25% down is a good way to start if you can swing it. The 3/1 ARMs and 5/1 ARMs is what got so many folks in a bind. ( The rates are fixed for 3 or 5 years, then God knows what on the 4th or 6th year).</span></em></p><p> </p><p><em><span style="color: #006400">Good luck, bro!</span></em></p></blockquote><p></p>
[QUOTE="Sammie, post: 520647, member: 8657"] [I][COLOR=darkgreen]Lovely home, Steve. And like DS says, Make your offer contingent on that home inspection, which can help you avoid buying into big repairs. It'll cost around $500, and you'll want to be there. And if I were you I'd get info[FONT=Verdana, Arial, Helvetica, sans-serif][SIZE=2] about neighborhood prices. Don't want to get fooled into paying too much.[/SIZE][/FONT] Are you already pre-approved and know your credit score? That way you already know your price range and [B]you're[/B] the big dog at the table. [/COLOR][/I] [I][COLOR=darkgreen][/COLOR][/I] [I][COLOR=darkgreen]Also, as a first time buyer, take your time with the mortgage info. Both my daughter and son-in-law let their homes go as they didn't understand it going in. A 15 or 30 year fixed with 20% to 25% down is a good way to start if you can swing it. The 3/1 ARMs and 5/1 ARMs is what got so many folks in a bind. ( The rates are fixed for 3 or 5 years, then God knows what on the 4th or 6th year).[/COLOR][/I] [I][COLOR=#006400][/COLOR][/I] [I][COLOR=#006400]Good luck, bro![/COLOR][/I] [I][COLOR=darkgreen] [/COLOR][/I] [/QUOTE]
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