Your Team


Your Agent
A successful purchase starts with the right representative. In fact, once you’ve selected the best agent to represent you, it is likely that he or she can recommend other professionals to join your team, taking more of the responsibility off of your shoulders.

Lender (Appraiser)
A bank is not just a bank. Having the right backer can be extremely important – it is your money we’re talking about after all! Make sure that your lender and financial representative is someone with whom you feel comfortable, and be wary of any lender who promises you more than you think you can reasonably afford. Your lenders may or may not require an independent appraisal, and typically will make arrangements for the appraisal themselves.

Lawyer
Your home purchase is far too important a transaction to skimp on legal representation at the risk of leaving yourself open to costly future issues. Find a lawyer who is willing to take the time to answer your questions and who specializes in real estate law.

Home Inspector
No home inspection is 100% guaranteed, but a few hundred dollars to catch a major problem now is certainly better than many thousands to correct that ‘surprise’ down the road. Ask your agent for a recommendation.

Contractor
Planning some renovations? You’re not the only one! The home renovation industry is booming, and in some markets, booking a contractor must be done months in advance (that’s a long time to go without a kitchen). Don’t let finding the right contractor slip through the cracks – planning ahead will almost certainly make your renovation smoother, and you contractor will appreciate the advance notice. 


Your Plan


1.  Find the right representative

Even if you’re not quite ready to buy, your buyer’s agent can be an absolute wealth of information, and can often offer ‘scoops’ on local developments you might not have know about otherwise.  Speak to your agent first and he or she can be helping to guide you right from the start.

2.  Find out what your price range is
Online mortgage calculators are a good place to start, but as you get closer to being ready to buy, there is no substitute for a written mortgage pre-approval.  Just speaking to your lender is an extremely worthwhile venture – this is the only way to really get an in-depth picture of your overall financial picture and to discover exactly what you can reasonably afford to spend on a home (and possibly on renovating).

3.  Find out what your local market looks like
The internet can be incredibly valuable in doing preparatory research.  Start with your agent – he or she can direct you to valuable resources and immediately start e-mailing you real estate listings that may interest you (or at least give you a better idea of what your needs and wants are).

4.  Find out what your true needs and wants are
Compose a needs/wants list that takes into consideration your local market conditions, your price range, and the advice of your real estate agent.

5.  Find your dream home!
Once you’re ready to act, you may be surprised by how quickly you can make a decision.  Armed with your pre-approval, a little market knowledge, and your needs/wants list, call your real estate agent, hit the pavement, and when you see ‘the house’, put in an offer. 

With the right team behind you, it really can be that easy!


Your Calculator


Let us help you find out what you can afford! Our mortgage calculator will help you determine loan amounts, mortgage qualification, or whether you should be renting or buying.

Complete the fields below (e.g., Cost of Home, Down Payment, Monthly Income) and click Calculate Now. To view the different results of your calculation, click on the various tabs. To mail yourself a copy of your results, click the Receive this Detailed Analysis link.

Required Fields
Term In Years:     
Interest Rate:      %
Cost of Home:  $
Down Payment:  $  
Annual Insurance:  $  
Estimate Insurance to 0.43%of Cost
Annual Property Tax:  $  
Estimate Tax to 1.2% of Cost
Monthly Income:  $
Monthly Debt:  $
Optional Fields
Gross Debt Service Ratio (GDS):     
Total Debt Service Ratio (TDS):     
Condos Fees:  $
Results
  Receive this Detailed Analysis

Your Monthly Payments
 
Loan Amount:
Loan Insurance (%):
Total Loan (Mortgage) Amount:
 
Principal & Interest:
Homeowners Insurance:
Property Taxes:
Condo Fees:
Monthly Loan Insurance (%):
Total Monthly Payment:
Income Needed to Qualify for the Mortgage
Total Monthly Loan Payment:
Total Monthly Debt Payment:
Monthly Loan Insurance (%):
Qualifying Income of % GDS Ratio:
Qualifying Income of % TDS Ratio:
What You Can Afford
We are using the % ratio.
Cost of House:
Down Payment:
Loan Value:
Monthly Principal & Interest:
Monthly Insurance:
Monthly Property Tax:
Monthly Condo Fees:
 
Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] /
(monthly interest rate/ function of interest rate)
Renting
Monthly Rent: $
Annual Rental Increases:  %
Monthly Renter Insurance: $
Savings or Investment Rate:  %
 
Owning
Planned # of years in home: 
Yearly appreciation of the home:  %
Annual home maintenance:  %

Your Real Estate News

real estate - Yahoo News Search Results

Partners Real Estate Investment Trust is pleased to announce that it has closed its acquisition of three retail centres under the terms described in the REIT's press release dated April 2, 2014. The REIT ...

4/23/2014 7:15:00 AM

McGuire Real Estate is sharing insights collected from a white paper issued by the company's luxury marketing network, Luxury Portfolio International®. Entitled "Young Affluents in the Digital World: ...

4/22/2014 2:07:43 PM

SAN RAMON, Calif., April 22, 2014 /PRNewswire/ -- Institutional Real Estate, Inc. is pleased to announce that it now provides qualified institutional real estate investors with unlimited, 24/7/365 access to its exclusive FundTracker database. Developed in 1996 but now available for the first time commercially, this comprehensive database is also available to qualified investment managers ...

4/22/2014 1:48:00 PM

Blackstone and its Real Estate portfolio company, Invitation Homes, today announced that it has named John A. Schissel as Chief Financial Officer and Leslie B. Fox as Executive Vice President and Chief Operating Officer .

4/22/2014 7:00:00 AM

LONDON--(BUSINESSWIRE)-- Pan-European industrial real estate investor and asset manager enhances forecasting capabilities with enhanced property management technology Since becoming a Yardi client in March ...

4/23/2014 12:00:00 AM

Placester, the real estate advertising network, today announced a $5.5M Series A financing round led by Romulus Capital, which also led the company’s seed round, with additional participation from existing investors Dave Anderson , Josh Summers , David Cohen , Adam Berrey and Angel Street Capital.

4/22/2014 7:05:00 AM

Inovalis Real Estate Investment Trust announces amendment to notice of meeting and information circular

4/22/2014 6:16:00 PM

SAN ANTONIO, April 23, 2014 /PRNewswire/ --  USAA Real Estate Company today announced long-time Global Investors Group leader, Susan Wallace has taken an office in its New York branch location in midtown ...

4/23/2014 7:39:00 AM

“Each and every one of the real estate professionals at Real Living Napolitano Real Estate should feel extremely proud of what they have achieved as a team,” said Real Living Real Estate president Robert McAdams, Jr. “Reaching the Premier Service Diamond level is an incredible accomplishment and underscores the office’s commitment to providing superior customer service to home buyers and sellers.

4/22/2014 10:43:20 AM

Notice of HealthLease Properties Real Estate Investment Trust 2014 First Quarter Results Conference Call

4/22/2014 6:30:00 AM
Patrick M. Briggs 184 South Main Street
P.O. Box 395
Stanton, KY 40380 Phone: (606) 663-2519 Mobile: (606) 481-0454 Fax: (606) 663-4302 Email Patrick M.