10 Ways to Prepare for Homeownership

1. Decide what you can afford. Generally, you can afford a home equal in value to between two and three times your gross income. 2. Develop your home wish list. Then, prioritize the features on your list. 3. Select where you want to live. Compile a list of three or four neighborhoods you’d like to live in, taking into account items such as schools, recreational facilities, area expansion plans, and safety. 4. Start saving. Do you have enough money saved to qualify for a mortgage and cover your down payment? Ideally, you should have 20 percent of the purchase price saved as a down payment. Also, don’t forget to factor in closing costs. Closing costs — including taxes, attorney’s fee, and transfer fees — average between 2 and 7 percent of the home price. 5. Get your credit in order. Obtain a copy of your credit report to make sure it is accurate and to correct any errors immediately. A credit report provides a history of your credit, bad debts, and any late payments. 6. Determine your mortgage qualifications. How large of mortgage do you qualify for? Also, explore different loan options — such as 30-year or 15-year fixed mortgages or ARMs — and decide what’s best for you. 7. Get preapproved. Organize all the documentation a lender will need to preapprove you for a loan. You might need W-2 forms, copies of at least one pay stub, account numbers, and copies of two to four months of bank or credit union statements. 8. Weigh other sources of help with a down payment. Do you qualify for any special mortgage or down payment assistance programs? Check with your state and local government on down payment assistance programs for first-time buyers. Or, if you have an IRA account, you can use the money you’ve saved to buy your fist home without paying a penalty for early withdrawal. 9. Calculate the costs of homeownership. This should include property taxes, insurance, maintenance and utilities, and association fees, if applicable. 10. Contact a REALTOR®. Find an experienced REALTOR® who can help guide you through the process.

3052 Mitchell Way The Colony, TX 75056

~~~~~~~~Open House~~~~~~~~

Saturday, November 22nd, 2014

Come see me from 11am-2pm!!!!

3052 Mitchell Way The Colony, TX 75056 $460,000.00

Welcome home to this gorgeous Highland home located in The Tribute; a golf, lake & resort community in the heart of N. Dallas. This home boasts fabulous hardwoods throughout, media room, game room with bar, crown molding & open grand staircase. You'll love grilling at the full outdoor kitchen & make plenty of friends on this social street. Conveniently located within walking distance of the new STEM school, play ground & community splash pad!

1525 Yarborough Dr. Sherman, TX 75092 ~~~ Just Reduced $144,500

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1525 Yarborough Dr. Sherman, TX 75092 - NEW LISTING!

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1525 Yarborough - $159,000 Fantastic property on the west side of Sherman near schools, shopping, and the hospital. Four bedrooms, two and a half bathrooms, car two garage with a 14x10 shop. Beautiful home with fresh paint.

1001 Blue Jay Ln. Sherman, TX 75092

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1001 Blue Jay Ln. Sherman, TX 75092

$145,000.00

OWNER FINANCING AVAILABLE! Fantastic home in Country Ridge Estates that offers the community pool and playground. Four Bedroom, two and a half bathrooms, two car garage. This is a great floorplan with large rooms and closets. Make an offer today!!!!

White Stallion Estate

This is a beautiful French Chateau!

Multi Million Dollar Producer 2013