You Have A Dream, We Have The Solutions To Help.

Your Buying Plan

 

1.  Find the right representative
Even if you’re not quite ready to buy, your buyer’s agent can be an absolute wealth of information.  Speak to one of our agents first and he / she can guide you right from the start to avoid possible pitfalls. Please never hesitate to contact us to learn more about our services and how we can help you.

2.  Find out what your price range is
Online mortgage calculators are a good place to start, but as you get closer to being ready to buy, there is no substitute for a written mortgage pre-approval. Just speaking to your lender is an extremely worthwhile venture – this is the only way to really get an in-depth picture of your overall financial picture and to discover exactly what you can reasonably afford to spend on a home (and possibly on renovating).

3.  Find out what your local market looks like
The internet can be incredibly valuable in doing preparatory research. Start with one of our agents – he / she can direct you to valuable resources and immediately start e-mailing you real estate listings that may interest you (or at least help you to focus on what your needs and wants are).

4.  Find out what your true needs and wants are
Compose a needs and wants list that takes into consideration your local market conditions, your price range, and the advice of your real estate agent. We certainly can assist you with generating a compelling list to get you started with your home search.

5.  Find your dream home!
Once you’re ready to act, you may be surprised by how quickly you can make a decision. Armed with your pre-approval, a little market knowledge, and your needs and wants list, call one of our real estate agent, hit the pavement with him or her, and when you see ‘the house’, put in an offer. 

With the right team behind you, it really can be that easy!

 


Your Mortgage Calculator

 

Let us help you find out what you can afford! Our mortgage calculator will help you determine loan amounts, mortgage qualification, or whether you should be renting or buying.

Complete the fields below (e.g., Cost of Home, Down Payment, Monthly Income) and click Calculate Now. To view the different results of your calculation, click on the various tabs. To mail yourself a copy of your results, click the Receive this Detailed Analysis link.

Please keep in mind that this does not replace a serious talk with your mortgage broker or lender.

 

 

 
Required
Term In Years:     
Interest Rate:      %
Cost of Home:  $
Down Payment:  $  
Annual Insurance:  $  
0.43%of Cost
Annual Property Tax:  $  
1.2%of Cost
Monthly Income:  $
Monthly Debt:  $
Optional
Gross Debt Service Ratio (GDS):     
Total Debt Service Ratio (TDS):     
Condos Fees:  $

Results
  Receive this Detailed Analysis


Your Monthly Payments
 
Loan Amount:    
Loan Insurance ( %):
Total Loan(Mortgage) Amount:
 
Principal & Interest:    
Homeowners Insurance:    
Property Taxes:    
Condo Fees:    
Monthly Loan Insurance (%):    
Total Monthly Payment:    
 
Income Needed to Qualify for the Mortgage
 
Total Monthly Loan Payment:  
Total Monthly Debt Payment:  
Monthly Loan Insurance (%):  
Qualifying Income of % GDS Ratio:  
Qualifying Income of % TDS Ratio:  
 
What You Can Afford
We are using the % ratio.
Cost of House:  
Down Payment:  
Loan Value:  
Monthly Principal & Interest:  
Monthly Insurance:  
Monthly Property Tax:  
Monthly Condo Fees:  
 
Note: Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] / (monthly interest rate/ function of interest rate)
Monthly Rent: $
  No. of Years you plan on keeping the home:
Annual Rental Increases:   %   Yearly Appreciation on the Home: %
Monthly Renter Insurance: $   Annual Home Maintenance: %
Savings or Investment Rate:   %  


Resources

 


New York State Mortgage Programs


Freddie Mac Mortgage Programs

American Recovery and Reinvestment Act of 2009

Ginnie Mae Mortgage Programs

Federal Housing Authority Mortgage Programs
 

 


Find Contractors

 

Click on the icon below to locate and research local contractors and service providers. We are providing these links as a courtesy to our web visitors only.

Water, Mold, Mildew, Sewage, Fire, Soot, Smoke Damage Removal
Bowerman Restoration

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