Buying a Home – Budget Basics
Budgeting has always been a part of my life. My parents
taught me basic budgeting by example. We were supplied all
the necessities but luxuries were handed out sparingly, if at all.
If we really wanted something, we had to prove it wasn’t a passing
fancy and then plan for, or work for the money to buy the items
we wanted.
Buying a home in today’s economy is much the same. You must
have your financial “ducks in a row”. Getting prequalified with a mortgage
lender is a necessity in today’s real estate market. Gone are the
days of writing an offer, getting it accepted, and then worrying about
financing your purchase. Today’s sellers wants to know you are serious
and can afford to buy their houses.
January is a perfect time to analyze last years budget and see
where you spent your money. Before meeting with a mortgage lender, you
should have this information at hand. Lots of online sources exist to
help you with this project, such as online banking reports which are
down-loadable every month and at year-end. We have a basic budget
analyzer page on our web site if you don’t know where to start.
If you know you can’t afford to buy a home but would like to work
towards purchasing one, there are many sources that can help.
Home Repair Services in Grand Rapids offers free classes on money
management and repairing your credit. Or give me a call to discuss
home buying basics at 616-292-7263.
Additional Articles:
You Want to Buy a House, Now What?
Which Mortgage is Best for Me?
Grand Rapids Michigan Online Relocation Guide
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The authors of the this blog write about Grand Rapids Real Estate,
the Greater Grand Rapids MI area, and what it is like to live in
West Michigan. Grand Rapids Michigan is a vibrant, growing
metropolitan area with a diverse business community, great medical
research & services, numerous universities, plus lively arts and
entertainment of all kinds.
We believe: Grand Rapids is a Great Place to Live!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263