My friend Lewis Ivey of Champion Realty Mortgage has written this great little article on buying a home in todays market hope you find it helpful.
Is Homeownership Right for You?
Buying a home is the largest purchase most people will ever make. Homeownership has great benefits. Homeownership also comes with certain responsibilities. Are you ready for homeownership? Look at your current situation and determine if: You have a continuing and reliable source of income prior to applying for the loan. You have a credit history that shows you're ready for homeownership. Your total debt is manageable and you can afford to take on the costs associated with homeownership. You have money saved for a down payment and closing costs.
Once you fully understand your current situation, it's important to look at the pros and cons of homeownership to make the best decision for you and your family.
What are the advantages of homeownership?
How much can you afford?
What are the risks of homeownership?
What are the myths about homeownership?
As for the Market
I am seeing a bit of a drop in rates in the Annapolis Real Estate market for the first full week of August! There is also a tightening in the Annapolis Real Estate market in regards certain loan types that lenders are willing to offer. I still offer an array of products to meet our clients needs and it is important to be pre-qualified by a lender so you know what your buying power is.
Lewis Ivey Champion Realty Mortgage
711 Bestgate Rd Annapoils, Md 21401
Business:410-224-7134
Mobile:301-602-2536
Web Site: http://www.lewisivey.com/
For More Valuable Real Estate Information visit:
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Thank you for your time, if there is ever anything I can help you with, don't hesitate to ask.
“It’s a funny thing about life; if you refuse to accept anything but the best…you very often get it” Somerset Maugham
"Expect the Best" Pat Ogle
Pat Ogle, Associate Broker, CRS, DSAC, e-Pro, GRI, MCJ, REALTOR®
Certified Residential Specialist / Certified Internet Marketing Specialist
Over $73,000,000 in Settled Sales
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Champion Realty, Inc. 711 Bestgate Road, Annapolis, MD 21401
410.224.0660 (O) 443.569.2736 (C) 410-224-0632 (F)
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