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How much can I afford?

The general rule is that you can buy a home that costs about two-and-one-half times your annual salary. A good real estate agent or lender can determine how much you can afford and estimate the maximum monthly payment based on the loan amount, taxes, insurance and other expenses. Your real estate agent can help you…
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What are closing costs?

Closing, or settlement, costs are expenses over and above the price of the property. Both the buyer and seller incur some of these expenses when transferring ownership of a property. Who actually pays, however, often depends on local custom and what the buyer or seller negotiates. Closing costs normally include title insurance, loan points, escrow…
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Is there anything I should know about Settlement day?

Yes. The following to-do list can help save you a few headaches and keep the closing on track: Keep extra money in your account. Something unexpected can pop up during the closing that will require more money out of your pocket. By Florida Law Lenders must provide Buyers with closing costs. Buyer will need to…
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