When buying a home, it’s easy to get caught up in the excitement. Doing so could jeopardize your chances of making a wise investment, though.

Remember these tips for home-buying to reduce your risk of making mistakes and improve your chances of making a good investment:

• Don’t buy/rent above your means. Do some careful planning and call “Star” to figure out how much you can comfortably spend on a home.

• Making a 20 percent or higher down payment is ideal, but you CAN still qualify for loans if you don’t have this amount available. Renter’s should calculate a third of their monthly income for comfortable rental payments on a home.

• Have a loan preapproval handy for home purchases and paystubs for rentals.

• Have the home inspected. Hire a home inspector to check the home for issues that need to be fixed on a purchase and Renters Insurance for any rentals.

Need more information about buying and help finding a new home? Call or Email Me Now. I’d be delighted to help you acquire your Next Home.