Top Ten Tips For Home Buyers

More than seven million American homes are sold every year. If you want to become a homeowner, there are 10 tips you should know:

About You

1. Pay your bills on time. This makes you a lower credit risk and, therefore, a better candidate for a mortgage at the lowest possible rate. Paying your bills now can make it easier for you to get a mortgage later.

2. Check and update your credit report before starting to look for a home. Credit reports are used by lenders to determine whether you will qualify for the mortgage you seek and for the interest rate you pay, so make sure your report is accurate.

3. Determine what monthly mortgage payment you realistically can afford. Calculators to determine this can be found at The Home Loan Learning Center, which is part of the Mortgage Bankers Association's web site.

4. Take time to learn important terms and understand their meaning. Become familiar with words used in the home-buying process.

About Your Loan

5. See your lender first. Find out what you can afford before you look at houses.

6. Shop around. Compare the different types of mortgages and the interest rates offered by different lenders. Have the lender validate your calculations and agree that you are qualified for a home loan and monthly payments of that size. Get prequalified.

7. Understand the deal. Ask about closing costs and other fees before you sign the documents. Ask if you will incur costs if you refinance or prepay your mortgage.

8. Work interactively with a mortgage lender. Your lender will likely need to talk with you from time to time and may need additional information. Make sure you get back to your lender quickly so the process can be completed as soon as possible.

About Your Home

9. Avoid emotional buying. Before you look at any house, determine what features you really need in a home and then try to stick to the list you made.

10. Visit as many homes as possible.

Posted by John Holland Morrison III on July 31, 2009 at 03:08 PM

About John Holland Morrison III
John Holland Morrison III is affliated with RE/MAX Around Atlanta Partners, which is located in Duluth, GA. For further assistance please use the contact information located on the right.

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Local Information for Duluth, GA

Latitude: 34.0031 -- Longitude: -84.145498

ZIP Codes for Duluth, Georgia	30026 30029 30095 30096 30097 30098 30099
Area Code for Duluth, Georgia	770
Time zone for Duluth, Georgia	EST

Other Area Cities: Auburn, GA Duluth, GA Lawrenceville, GA Norcross, GA Suwanee, GA Tucker, GA Alpharetta, GA Buford, GA Lilburn, GA Snellville, GA Sugar Hill, GA North Atlanta, GA Stone Mountain, GA Grayson, GA

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Duluth is a popular and rapidly developing suburb of Atlanta, falling close to Interstate 85, which allows for a quick commute to Atlanta. It has schools at all levels up through high school. Its Peachtree Industrial Boulevard is the same road as Atlanta's Peachtree Road and Peachtree Street.Duluth is an old city, with its origins stretching back to the early 1800's, when it was primarily forest land. Initially only Cherokee Indians lived in the area, but with the creation of Gwinnett County, Georgia it was opened to white settlers.The shared names between Duluth, Georgia and the more well-known Duluth, Minnesota are no coincidence. Originally called Howell's Crossing after one of its founders Evan Howell, grandfather of Atlanta mayor Evan P. Howell, the town was renamed in 1871 to match the name of Minnesota's Duluth (which in turn is named for Daniel Greysolon, Sieur du Lhut) when it was named in a bill in the U.S. Congress to fund rail to that remote town. -- Source: Wikipedia.com

Georgia 2000 Census Population Profile Map

	Duluth	Georgia	United States
Population	22,122	8,186,453	281,421,906
Median age	32.9	33.4	35.3
Median age for Male	32	32.1	34
Median age for Female	33.8	34.6	36.5
Households	8,735	3,006,369	105,480,101
Household population	22,057	7,952,631	273,643,273
Average household size	2.53	2.65	2.59
Families	5,641	2,111,647	71,787,347
Average family size	3.1	3.14	3.14
Housing units	9,061	3,281,737	115,904,641
Occupied units	8,735	3,006,369	105,480,101
Vacant units	326	275,368	10,424,540

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Top Ten Tips For Home Buyers

Local Information for Duluth, GA

Latitude: 34.0031 -- Longitude: -84.145498

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