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Apply on line with for your new mortgage now at www.paramountfc.com

The Home Buying Process Part 1

Buying a home is a big step, and we at RAM Realty Team know that it can be an overwhelming process. Our success is based on our ability to gracefully guide homebuyers through the process.Analyze the numbers.Your first step should be to check the numbers. You will need to look at affordability issues, such as monthly payments (be sure to include insurance, utilities, taxes, etc). There are many types of loans available, and we highly recommend working with a mortgage broker or company to determine what is best for you. You can do a bit of homework for yourself using online mortgage calculators. You can also contact a mortgage company for more detailed analysis, recommendations, and pre-approval.Choosing an Area or Community Before you look at specific homes you should first choose the type of community that best meets your needs. Begin by deciding your priorities; How important is it that you be located near - schools, your workplace, healthcare facilities, or entertainment? RAM realty Team is proud to work in variety of community types to fit a wide range of desires and needs. Choosing a Home So, you know where you want to live. Choosing the perfect home means finding the right type of place with the right number and types of rooms. Determine what size and type of home best fits your needs. What are your space requirements? What types of rooms do you need? How many bedrooms? Do you need a home office? The Realtors at RAM Realty Team are well adept at assisting in this phase.

The Home Buying Process Part 2

Secure Financing
Now that you have found your home, it's time to work out the financial details and secure a loan. Things you will consider in this phase include: How much will you put down and how much will you borrow? What are the closing costs? How much will your down payment be? What will your interest rate be?These are some of the questions to consider here. Your mortgage representative will be glad to walk you through the process, and break things down in simple terms.Apply on line at www.paramountfc.com
Acquire Homeowners Insurance
If you are financing your home, your mortgage company will require proof of a valid homeowners insurance policy prior to close. Typically your first year's insurance will be part of your closing costs, while your later payments can be rolled into your monthly payment.
It's Closing Time!
Typically on the day of your closing you will do a final walk-through and inspection.
Typically your mortgage company has collected all of the necessary documentation and you will need to bring a certified funds (bank check or wire transfer info). Once you approve and sign the documentation, the house is legally yours. Grab your keys and get ready for that housewarming party!

Make high-return improvements to your home before you sell.

There are a number of improvements that you can make to your house that will provide a greater-than-100% return on your initial investment. Chief among these is having your house painted, but you should also consider kitchen and bathroom renovations, adding fireplaces and skylights, and attic or basement conversions. Contrary to popular belief, building a swimming pool is not a good capital investment, and will usually only add 33% of its cost to your home's final sale price.