tag:blogger.com,1999:blog-70207054779427529202024-02-20T14:32:33.905-08:00Antonio ArasRifathttp://www.blogger.com/profile/15695493747468428969noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7020705477942752920.post-45938396557582262682018-11-24T09:00:00.001-08:002018-11-24T09:00:51.030-08:005 Things to Know When Buying a Bigger HomeYour house seems to be getting smaller and smaller. A growing family and a changing lifestyle make it easy to outgrow a once perfect home. Whatever the reason, you are looking for a bigger house. Here are 5 things that you need to take into account before making a commitment:<br />
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1. Discover what you do not like about your current home<br />
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Whether the kitchen is too small or you have more children than bedrooms, take the time to analyze what makes you unhappy in your home. By being more aware of these problems, you are sent in the right direction to find the house of your dreams.<br />
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<a href="https://www.asantomediacao.pt/cascais/comprar-casas-moradias-apartamentos">A.Santo Mediação</a> best place to buy apartamentos in casas.<br />
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2. Sell before buying<br />
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Unless you can get stuck with two mortgages, you must sell your house before you buy a new one. This allows you to receive part of the down payment amount for your new house from the sale and give you an idea of ??how much more you need.<br />
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3. Think of extra costs<br />
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It is clear that a larger house gets a bigger hit on your wallet. According to Investmentzen.com, the purchase price of a new home is usually $ 84 / square foot. Do you need to buy extra furniture to fill the larger space? The costs for the complete furnishing of a home usually amount to 20% of the house price and the closing costs are approximately 3.5%.<br />
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4. Look at qualification requirements<br />
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If you buy a house with a price of more than $ 425,000, you must apply for a jumbo loan. A jumbo mortgage is a mortgage loan that exceeds the conforming limit of Fannie Mae and Freddie Mac. The qualification for a larger mortgage requires stricter references. Talk to a Union Home Mortgage loan officer to discuss your options.<br />
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5. Understand your long-term plan<br />
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Do you see yourself here in the next 30 years? Is this a house where you may want to sell after the children have moved? If you look at your future plans in the long term, you get a better idea of ??whether the idea is financially sound for you.<br />
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If you are on the market to buy a larger house and are curious if you qualify<br />
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