All potential buyers must start at the same point, if they are to enjoy a successful home ownership experience. If your net monthly income is not sufficient to handle the proposed Monthly Housing Expense (MHE), then it's in your best interest to pass on the deal.

Your first step, prior to any real estate search, is to review your net monthly income and determine the available monthly income that can be allocated towards the Monthly Housing Expense.

•       Topic - An overview of a home purchase.
•   Example - A net income explanation.

The Loan Process

A majority of mortgage borrowers are intimidated by a lender's demand for personal and financial information. Documentation may be required by the lender's underwriter to determine the ability of the loan applicant(s) to make the monthly payment.

•               Topic - Discusses the Loan Process.
• Loan Amounts - FNMA/FHLMC & Jumbo descriptions.

The First Time Home Buyer

The renter turned home buyer has one thing in mind and that's owning a piece of americana. The 1st time home buyer is fearful of the financial obligation relating to the proposed mortgage loan. It's imperative that all aspects of home ownership is understood by the buyer prior to any real estate purchase. If you can't afford the payment, don't make a deal.

•               Topic - Reviews recommended steps.
• Buyer Analysis - Family of 4 study.