FAQs
FAQs
Frequently Asked Questions
Am I Ready to Be a Home owner?
Becoming a homeowner is an exciting milestone, but it’s important to make sure you’re truly ready for the responsibility. Start by assessing your financial stability — do you have a steady income, a good credit score, and enough savings for a down payment and closing costs? Beyond the purchase itself, consider the ongoing costs of ownership, such as maintenance, property taxes, insurance, and utilities.
Is Renting or Buying Better?
Whether renting or buying is better depends on your financial situation, lifestyle, and long-term goals. Renting offers flexibility and lower upfront costs, making it ideal if you plan to move frequently or want fewer maintenance responsibilities.
What Should I Expect at Closing?
Closing is the final step in the home-buying process — the day you officially become the owner of your new home. During closing, you’ll review and sign all the necessary legal documents, including the loan agreement, title transfer, and final settlement statement. You’ll also pay any remaining costs such as closing fees, taxes, and insurance.
What Is Pre-approval?
Pre-approval is a process where a lender reviews your financial information — such as income, credit score, and debt — to determine how much you can borrow for a home. It gives you a clear idea of your budget and shows sellers that you’re a serious and qualified buyer.