|
Estate and Letting Agents : Established 1992
for the East London property buyer
Decide What You Can Afford
Before you start hunting for that dream home, figure out
how much house you can afford. Otherwise you'll end up frustrated
and disappointed when you find the perfect home only to discover
that you can't afford it. Get the financial information you'll
need, now. For example, find out how large a mortgage you
can comfortably handle, how big a down payment you can make,
and how large a house payment you can afford. You can quickly
and easily get the answers to these and other financial questions
by contacting us and by using these automated calculators:
When you are completing on your new home, besides your down
payment and surveyor's fees and homeowner's insurance premiums,
you'll also need money for certain other costs, known as completion
costs, that may include:
-
Title insurance fee,
-
Survey fees,
-
Mortgage Arrangement fee,
-
Solicitor's fees or escrow fees,
-
Document preparation fee,
If cash is limited, some mortgage lenders will allow the
seller to pay some or all of the completion costs and certain
completion costs can often be added to the amount of the loan
itself.
This is something to keep in mind when you’re selecting
a mortgage lender.
|
|
