231 Via San AndreasSan Clemente, CA 92672 4 Bed | 3 Bath | 2425 sqftThis Custom construction residence offers PANORAMIC Ocean Views along with the coveted Catalina Island View. Additional views
Are You Prepared To Buy A Home
- Decide what you can afford. Generally, you can afford a home equal in value to between two and three times your gross income. This is when you need to speak with a lender to be pre-qualified.
- Get a wish list ready for your home serach. Develop your home wish list. Then, prioritize the must haves
- Select where you want to live. Compile a list of three or four neighborhoods you’d like to live in, taking into account items such as commuting times, schools, recreational facilities, area expansion plans, and safety.
- Start saving. Do you have enough money saved to qualify for a mortgage and cover your down payment? Ideally, you should have 20 percent of the purchase price saved as a down payment. Also, don’t forget to factor in closing costs. Closing costs — including taxes, attorney’s fee, and transfer fees — average between 2 and 7 percent of the home price.
- Credit reports can have errors. Get your credit in order. Obtain a copy of your credit report to make sure it is accurate and to correct any errors immediately. A credit report provides a history of your credit, bad debts, and any late payments.
- Determine your mortgage qualifications. How large of mortgage do you qualify for? Also, explore different loan options — such as 30-year or 15-year fixed mortgages or ARMs — and decide what’s best for you.
- Get preapproved. Organize all the documentation a lender will need to preapprove you for a loan. You might need W-2 forms, copies of at least one pay stub, account numbers, and copies of two to four months of bank or credit union statements.
- Weigh other sources of help with a down payment. Do you qualify for any special mortgage or down payment assistance programs? Check with your state and local government on down payment assistance programs for first-time buyers. Or, if you have an IRA account, you can use the money you’ve saved to buy your fist home without paying a penalty for early withdrawal.
- Calculate the costs of homeownership. This should include property taxes, insurance, maintenance and utilities, and association fees, if applicable.
- Contact a REALTOR®. Find an experienced REALTOR® who can help guide you through the process.
Real Estate Services You will love! We make the process for you. Your transaction will go smoothly, you can rest knowing that you're interests will be represented and will yield you the best price pos....
Latest Blog Posts
Did you know in California that a landlord has to make a reasonable accommodation for an emotional support animal?The landlord cannot charge an extra deposit or advertise no pets.