1. How Much House Can I Afford?

• Use the 28/36 rule: spend no more than 28% of your gross income on housing and 36% on total debt. Consider taxes, insurance, and HOA fees.

2. Should I Buy Now or Wait?

• Buy if your finances, job stability, and market conditions align. Waiting might make sense in a high-interest or overpriced market.

3. How Do I Choose the Right Realtor?

• Interview multiple agents. Look for local expertise, clear communication, and positive reviews/referrals.

4. What Are the Closing Costs and How Do I Estimate Them?

• Closing costs are 2-5% of the home’s purchase price. Ask your lender for an estimate and review the Loan Estimate document.

5. How Much Should I Save for a Down Payment?

• Save 20% to avoid PMI, but many lenders accept as little as 3-5%. Factor in closing costs and an emergency fund.

6. What Mortgage Options Are Best for Me?

• FHA loans: low down payment, easier qualification.
• Conventional loans: good for higher credit scores.
• VA/USDA loans: zero down for eligible buyers.

7. What Should I Look for During a Home Inspection?

• Focus on major systems: foundation, roof, HVAC, plumbing, and electrical. Ensure repairs or replacements are manageable.

8. How Do I Avoid Getting Scammed or Overpaying?

• Get a second opinion on offers, loans, and inspections. Research market trends and ensure contingencies are in your contract.

9. What Are the Pros and Cons of New Construction vs. Older Homes?

• New: Lower maintenance, modern features, but pricier upfront.
• Old: Character, established neighborhoods, but potentially higher repair costs.

10. How Do I Handle Financing and Interest Rates?

• Shop multiple lenders. Lock in a rate if it’s favorable. Understand how points work and evaluate total loan costs, not just rates.