Ten Steps to Get Ready to Own Your Monterey Home.

1. Determine the amount of the house you can qualify to buy. Usually, you can qualify for a home that costs approx. 2times and 3 times your income gross.
2. Create a dream list and list what you want in your home. Then prioritize all features. Be real - you can't get everything you want.
3. Pick 3 or 4 neighborhoods where you want to live.. Think about things such as area schools, parks, gymns, area growth plans, and crime rate.
4. Decide if you have enough money saved to cover your closing costs and down payment. Escrow costs, this includes taxes, attorney’s fee, and transfer fees average between two percent and seven percent of the price of the house.
5. Get your finances ready - Know your FICA score. (check your credit).
6. Decide how big a loan you can qualify for. Check out different loan options and determine what is the best way to go for you. . Get pre approved!
7. Find the documents a lender will be needing to pre approve you for a mortgage and keep them ready.
8. Check to see if you can qualify for any special assistance for down payment or special mortgages.
9. Figure your cost of owning a home , and include taxes, insurance, cost of repairs , and condo dues , if applicable.
10. I am an experienced REALTOR who can walk you thru the process.