So you’ve met with multiple agents and found the one for you. Great! But having a wonderful real estate agent doesn’t mean you don’t need to read up on your own.
Don’t rely on your agent to explain every detail of the process. They probably will, and should, but it’s your job to be an informed buyer. Head to the library or check out to find out your rights as a buyer and learn about home-buying programs.
When you’re deciding , consider all recurring . Think beyond mortgage payments and closing costs – include expenses such as home maintenance and repairs.
And if you’re nervous about being turned down for a loan because you’re buying on your own, try not to be. While qualifying for a loan on one income may mean you purchase a smaller home, it doesn’t mean you can’t buy. In fact, banks are not allowed to discriminate against potential home buyers based on marital status.
Singles buying a home on one income should consider an , as borrowers with good credit can qualify for a small down payment.