- Expect to use something other than your tax refund or savings toward your new home.
- Use a fixed rate mortgage for your first mortgage.
- Use a mortgage program with a monthly payment schedule, not bi-weekly or any other plans.
- Plan to own your home for at least 5 years or don’t buy it.
- Realize that your costs will go up.
- Choose a realistic budget and expense plan, remember to plan for unexpected expenses, and leave yourself enough money to have good quality and enjoyment of life every month.
- Buy with a spouse only, not a partner or boyfriend or girlfriend.
- Remember that you do not necessarily need to put 20% down.
- Opt for the 30 year fixed rate mortgage.
- Hire a good experienced attorney.
- Explore your options thoroughly and gather as much educational information as possible before making a decision of any kind.
Home Source Realty Group of MA also offers free legal services included in our discount brokerage services to you, and we can get you pre-approved for your mortgage as well, saving you valuable time and effort in your process.
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Home Source Realty Group are Massachusetts real estate brokers headquartered in Dedham MA and serving all of Eastern Massachusetts. They offer unique services including UP TO A 50% COMMISSION REBATE, COMPLIMENTARY BUYER or SELLER ATTORNEY services, and DISCOUNT MORTGAGE REFERRALS!!! To learn more visit them online at http://www.homesourcerealtygroup.com/.
