Questions to Ask Before Buying a New Home
1. How much should I budget for a home?
Start by determining how much of a mortgage you can fit into your budget.
2. Can I secure a loan?
Before you start home shopping, you can seek a pre-approval for a loan.
3. What type of loan should I get?
– 15-year mortgage loan or one that spans 30 years
– Fixed or variable rate loan?
4. Does the house meet my needs?
Get a good feel of the layout and make sure it will fill your requirements.