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Think You Can't Afford To Buy a Home???

by Blake Hanna

Think you can't afford to buy a home?

Do you have good credit but only a little cash?

Don't Give Up!!!!!!!

 

Are you familiar with the Rural Development loans with 100% financing?  Did you know they have expanded the areas they cover and it now includes much of Baton Rouge? 

I'd like to tell you all about it. Call me for a free buyer consulation to learn more. It's free!

Blake Hanna, Realtor

225-298-6903

[email protected]


Prequalification and Preapproval

by Blake Hanna

When you've decided to buy a new home, obtaining financing is one of the first key steps. The definitions of prequalification and preapproval can be confusing, so here is a break down. 

 

Prequalification

This is a preliminary estimate of how much you can afford to pay for a home based on information you provide. This is a rough idea of a monthly mortgage and total loan value. This is a great way to begin the home buying process to see where you stand. A prequalification letter from a lender is usually required when writing a contract on a home to purchase.

Preapproval

This is an official written commitment from a lender to finance the home purchase. This means the lender has taken a close look at your financial history and has signed off to loan you a certain amount of money.

 

 

    Blake Hanna, Realtor 

A Few Reasons Why You Should Buy Instead of Rent

by Pat Wattam

1. Savings and Equity

When you are renting a home, you pay your monthly rent check and that money is gone forever. When buying a home, every mortgage payment you make builds equity in your home and gets you closer to full ownership.

 2. Interest Rates

With interest rates still low, now is a great time to buy and take advantage of the rates before they rise.

 3. Tax Breaks

Everyone dreads tax season. The homeowner can deduct the real estate property tax, some or all of the interest on the mortgage, and the cost of insurance for the property.

 4. Stability

A homeowner pays the same every month/year when they have a fixed rate mortgage, giving the owner a sense of stability. A renter may be faced with rent increases with the cost of living. Owning a home gives you stability in that your payment will not change regardless of the increase of cost of living.

 5. Freedom

Unlike renters, homeowners have the right to make structural and aesthetic changes to their home and yard as they want.

 6. Pride!

There is nothing like the feeling of owning your own home. You worked hard to get there so take pride in the accomplishment.

Displaying blog entries 1-3 of 3

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Photo of Pat Wattam Real Estate
Pat Wattam
RE/MAX First, Independently Owned and Operated
4750 Sherwood Common
Baton Rouge LA 70816
Office Direct: 225-298-6900
Office Main: 225-291-1234
Fax: 225-295-1234

RE/MAX First
Each Office Independently Owned and Operated
Main: 225-291-1234

Licensed by the Louisiana Real Estate Commission