Qualification vs. Affordability

You’ve been approved for a loan, but can you actually afford it?

I QUALIFIED FOR A LOAN. NOW WHAT?

Congratulations! You just took an incredibly important step towards becoming a homeowner. You are qualified for a loan. The work does not stop here, however. Just because you qualify for a loan doesn’t mean you can afford it! 

The vast majority of first-time homebuyers do not have the luxury of buying their home outright. We developed this handy mortgage calculator to ensure you have the information at hand before committing long term to your mortgage lender.

A mortgage is a significant financial commitment, often the largest one you will ever face, remember you should never sign up for something you don’t understand. We would be happy to refer you to a reputable lender and answer any of your real estate questions.  Just reach out to us at 415-871-3885 or [email protected].

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HOW TO MAKE AN OFFER ON AN OVERPRICED HOME?

The process of buying a home can be fraught with mystery. That’s why we try to break it down into 7 simple steps here. But let’s say you have already got your finances in order, conducted a needs analysis, and found a home that fits your needs. Perfect. Except for one catch. It’s overpriced. What can you do? Well, here are several strategies to keep in mind. Read More Here

COMPARATIVE MARKET ANALYSIS 101

Conducting a Comparative Market Analysis (CMA) is the first step in determining the value and price of a home. It’s not as straightforward as it might seem. For example, two homes that sit side by side may seem like obvious comparables (or comps). If the interior of one has been recently updated and the other hasn’t been renovated in 30 years, their comps will be dramatically different. Read More Here

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