Build Your Feature

If you are buying a new home at this point and time in your life, you can look at it
this way.
You are investing in your future. Home prices are low right now, mortgage rates
are low and as said before, its a buyers market and now is the best time to buy a new
home. Home prices and values will go up.
More than 80% of future home owners search the web first, even before they contact
a real estate agent.
Something I would recommend. Take your time and search the area you want to live
in. Look at homes in your price range. Number of bedrooms/ bathrooms you want. Check
out the neighborhood, schools. What is important to you. Ocean views, golf, boating,
life style.

Once you find what your are looking for and find a Real Estate Agent you are comfortable
with tell them what you have found and would like to see.
Limit yourself to a few homes, seeing 50 homes will only make you confused and the
process will take longer than it should. And it will take make it harder to make a dession.

I have recommended to some of my clients if they need a mortgage to use a bank.
Even though I am down on some of the banks, I feel they are the safest bet. Use a small
bank rather than a large bank who is having problems.

Stay away from adjustable rate, or option arm loans. The best loan is a fixed rate
mortgage. Negotiate with the lender, you may save yourself excessive closing cost.
Keep in mind you will probibly need 20% down and very good credit.
It is best get pre approved, get a letter from your bank.

Once you find the home of your dreams and close or in some parts of the country they
call it pass papers. Plan on making 1 extra payment a year on your mortgage.
So instead of paying 12 payments a year you are making 13 payments.

Example; First when making that extra payment, on the memo line put PRINCIPLE ONLY.
this way the bank will not think its just an extra payment. What is the reason for making this
extra payment you ask? On a 30 year mortgage you will save $$$ thousand of dollars over the
life of the loan and it will actually shorten the life of the loan by 6 to 8 years.

Remember this, Your home will raise in value but your mortgage rate will not.

So if your coming to South Florida or if you currently live in Florida and are looking for a new home, give me a call it will be my pleasure to help you find your dream home.

http://www.delraybeachprimeproperties.com
Delray Beach Real Estate
See you soon

Joe