When thinking about shopping for a house, one should take into consideration how ready they are, how much they can afford, how much space they need and what areas they would like to live in. After figuring all of that out start researching. Ask friends and family for leads, drive through neighborhoods and look at open houses in the newspapers. When looking for homes for sale in Lafayette Louisiana find a good Realtor to work with. |
When comparing buying to renting, the advantages of renting are that one does not have to do any of the maintenance around the home. But by renting one also loses all the money they spend on rent and gets none of the appreciation of the property in equity. There are no tax benefits and there is no protection against increases in rent. One is not free to decorate as they wish without permission. Owning a home has a lot of benefits. Every month when the mortgage is paid equity is being built, it is a long-term investment. It qualifies one for tax breaks that help to offset the cost of home insurance, real estate taxes and maintenance. It give one security, stability and freedom in living the way they want.
Visiting a mortgage broker can determine debt to income ratios or pre-tax income to housing and non-housing costs. Non-housing costs are such things as car payments, child support, alimony or student loans. Mortgage payment should be no more than 29 percent of gross income and combined with non-housing expenses no more than 41 percent of income. This takes into consideration cash deposits, closing costs and credit history. Being pre-approved is a great bargaining tool when shopping and will give one an advantage in getting the house they want.
Selecting the right real estate agent can be done through referrals from family and friends. Interview each one and select the one that listens the best and who is most comfortable to be around. An agent who knows homes for sale in Lafayette Louisiana would be a good choice.
Van Eaton & Romero is a homes for sale in Lafayette Louisiana. For more info visit http://www.vaneatonromero.com)
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