10 Homebuying Tips you should Understand

When buying a home there are a lot of things that go into the process. Hiring a real estate agent can help you keep everything straight. Here are 10 Things that you should now about buying a home.

10 Great Homebuying Tips You Need to Know About

  1. An acceptance is an agreement to set terms to an offer on the house.
  2. An APR is the interest rate on the loan you got for the house.
  3. To get out of buying the home there are contingency clauses included on a contract.
  4. A counter offer is a second offer made in place of the first offer.
  5. Your credit report is used to determine eligibility for loan approval.
  6. The earnest money is money given to the seller from the buyer that you will buy the home.
  7. The principal, interest, taxes, and the insurance rare referred to as the PITI.
  8. Escrow is an account used to pay the mortgage, taxes, and insurance on a home.
  9. The title is a document that proves ownership of the home
  10. A real estate agent is a person who helps one sell and another person buys a home.

If you are buying a home in the Orange County area and have any questions, then please call Judy Qualls. She can help answer any of your questions about the process. She can also help you get the home that you are wanting to buy.