Buying a Home – Budget Basics

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. 

 

the perfect Grand Rapids house

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!

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                          Contact Terry   616-292-7263

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