Since owning a home is often considered an essential component of the American Dream, and for most people the financial value of your home represents your single greatest financial/economic asset, it doesn’t make much more sense. , if serious potential homeowners proceeded, with their eyes wide open, and started, your process, as well – prepared, as possible? Although most people realize that they need to preserve/protect their credit, build up the necessary funds for all the down payment and other closing costs, they often miss the real deal. COST to buy a house! With that in mind, this article will attempt to briefly consider, examine, review and discuss, using the mnemonic approach, what this means and represents, and why it is an important and relevant consideration.

1. Credit; closure; choice; create; coordinator: Before one begins the search, one should carefully examine and review your credit report, correcting any errors and addressing any areas of weakness. You can do it yourself or hire a consultant, but don’t proceed until you’ve done this. Securing a mortgage is not only a necessary aspect of the buying process, and one needs the credit to secure this loan, often the difference between getting the lowest and highest rates depends on the overall score! Examine your choice of a home and why it will meet your needs and requirements! By creating a positive mindset, you will set yourself up to coordinate your efforts effectively, toward a much more stress-free close.

2. Options; open mind; opportunities: Buying a home is a significant and relevant process, and it is prudent to carefully consider the options, including the specific choice, potential opportunities, etc., and proceed with an open and well-considered mind, to better understand all costs, expenses, etc. . related.

3. systems; service; solutions; strengths: Before committing to a specific property, hire a professional engineer and/or home inspector to provide a thorough review of the overall condition, including strengths and weaknesses. Differentiate between major and minor problems, and understand if calls, house Bones, they are strong etc. Only buy a place that effectively meets your needs, both present and future, and consider whether the particular house provides relevant and sustainable solutions for your needs and priorities!

Four. trends; taxes; time tested; prompt: Recognize relevant trends, both in terms of the particular property and financing options, and act wisely! Use time-tested ways to assess, including a financial review, all related real estate taxes/fees, etc., as well as potential unforeseen expenses, etc. Once you have made a sound decision, proceed in a timely and well-considered manner, and be prepared!

don’t ignore the truth COST of home ownership! Will you be a smart shopper?