Your dream home

All of us dream of buying a home little realizing the tremendous effort required to translate this dream into a reality. Strengthen your credit worthiness by paying off all dues. Your credit rating is determined by three different factors – how you use the credit facility, whether your outstanding credit is proportionate to your income and your promptness in settling the bills. Use a mortgage calculator to find out how much money you can initially afford, and how much you may be be able to borrow. Most home loan agencies will agree to offer up to 28 percent of your gross income or 36 percent of your net income toward a home loan. Most mortgage providers will come forward only if the buyer is making a down payment of at least 10 to 20 percent of the home price.

Contact a reliable and resourceful real estate agent to help you in your search and negotiation processes after verifying his credentials, experience and rates. Inform the real estate agent about your locality preference and the need for proximity to shopping, school, hospital etc. Inspect a few homes for sale open-mindedly to get the feel of the market. Visit homes you are seriously interested in, a few times to check traffic congestion, available parking, noise levels and external ambience. For many of us home-buying is a life-time investment and therefore one should not rush into buying home rashly.

If you currently have plans for buying a Almaden Valley home, Campbell home, Los Gatos home, Morgan Hill home, Silicon Valley home or Willow Glen home, contact Dale Warfel of Keller Williams Realty San Jose – Gateway 180 Great Oaks Blvd, San Jose, CA 95119. Phone: 408.624.6202 or Fax: 408.583.3681 or Email: dale@dalewarfel.com. They have the expertise to help you make an informed real estate decision in today’s market.