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Cash or Loan? Understanding My Method Of Purchase

There are just a few ways to buy your dream home. One is obviously with cash. If you are one of the fortunate few who can simply write a check for your next home — congrats!

If you are like most of us, you will likely need to get a mortgage loan in order to buy. If that is the case, there are several steps you will need to take before you can be approved for a mortgage. There are many different loan options so personally meeting with your loan officer is highly recommended to help you get comfortable in detail with what programs may work best for you.

If you are not quite ready to take that leap or not even sure what you could potentially afford, it is a great idea to complete our Journey Homeward which walks you step by step through a guided consultation at your pace so you can uncover what you care about most in your home. Then use our True Affordability Tool to crunch your own numbers and see what you can comfortably afford. Once you share your monthly income, expenses and savings, we will then compute how much home you are likely able to afford in three price ranges on your Ready Report — Aggressive, Balanced and Conservative. Now you can make a more informed decision.

My Journey Homeward

Your lender will advise you as to how much closing costs assistance you may need to request the seller pay on your behalf. The lender can also share any limitations for gift money.

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