THE IMPORTANCE OF A GOOD CREDIT SCORE
What’s a down payment? The amount of money you take from your savings (for instance, to apply towards the purchase of your home) is your down payment. When you deduct your down payment from the purchase price of your home, the amount remaining is what you’ll need to borrow in the form of a mortgage. If you choose to pay less than a 20% down payment, you may have an additional monthly fee for PMI (Private Mortgage Insurance).
• How many home sales did you participate in last year?
• Will you be present at the closing?
A good real estate agent will communicate with you frequently, suggest homes and neighborhoods.
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