IT TAKES MONEY TO SAVE MONEY!

Okay, you've found the home of your dreams. You've determined how much you can afford because you've already been pre-approved by your lender, and your offer has been accepted. But wait. If you're financing the purchase, like almost everyone does, you'll actually be paying more than the final sale price of the home.

Many buyers don't stop to think about how much they'll really be paying for their home by the time they've reached the final payment. It's worth considering, and it makes it evident that you should shop around and get the best loan terms possible.

Be sure to discuss your options with a trusted local real estate agent, who can provide mortgage information, illustrate different financing options, and even recommend lenders suited to your needs. With literally hundreds, if not thousands, of options available, it's helpful to begin with the basic facts to help you whittle down your choices.

Determine how much is available for a down payment. If you're putting up less than 20%, you'll need a guarantee that often comes in the form of PMI (private mortgage insurance). This will add to the overall cost of your loan, at least until you've paid off a significant percentage.

Again, discuss your loan options with your real estate agent before you make any offers, in order to avoid unpleasant delays and unexpected expenses.

Understanding real estate dilemmas and their solutions is our business, and we'll happily share our knowledge with you. Why not give us a call at (772) 323-6996 or visit us on the web at http://www.gabesanders.com/. Our office is located at 2 N. Sewalls Point Rd. in Stuart, (Sewall's Point) Florida; please ask for Gabe Sanders or Susan Maxwell.