Dorene Parker

Cindy Kissinger

229-886-0234

229-347-3440

Alisha Hicks

229-347-3005

PARKER Real Estate Group, LLC

Buying a Home in the Albany Georgia or Leesburg Georgia areas and the surrounding communities of Sylvester, Dawson, Newton, Baconton, Leary & LakeBlackshear.

 

Buying a home is an exciting and complex adventure. It can also be a very time-consuming and costly one if you're not familiar with all aspects of the process, and don't have all the best information and resources at hand.

 

 

With Parker you will experience step-by-step guidance throughout the home buying or selling process. We provide unmatched customer service and results you can count on. One of my specialties is representing the best interests of Albany Georgia  and Leesburg Georgia area buyers throughout the home buying process. My comprehensive, high-quality services can save you time and money, as well as make the experience more enjoyable and less stressful.

 

 

If you're like most people, buying a home is the biggest investment you will ever make. So whether you're buying a starter home, your dream home or an investment property, why not take advantage of my experience as a local market expert for ALBANY GA REAL ESTATE to make the most informed decisions you can, every step of the way?

 

 

We would love the opportunity to meet with you and discuss your interest. Buying or Relocating call us today. Experience step-by-step guidance throughout the home buying or selling process. We provide unmatched customer service and results you can count on.

 

 

 

An important first step in home buying is to review your finances to determine the following:

 

 

How much you can comfortably afford for a monthly home payment

 

  • How much you'll be able to contribute toward a down payment
  • How you'll pay for other up-front costs
  • Any changes you may need to make to bring your credit into pristine condition
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To demonstrate you're a serious buyer, you'll want to get in touch with A Mortgage Loan Officer to:

 

  • Get prequalified for an estimated home loan amount
  • Determine which loan program will fit your needs, which includes a review of your credit history and other factors
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Determine Affordability and Borrowing Power

 

Factors to consider for the right purchase price and loan amount

 

Several factors are taken into consideration in determining the purchase and loan amount that are ideal for you specifically.

 

  • One is your debt-to-income ratio, or the percentage of your gross income that goes to pay current debt and will also go toward your home's expenses (e.g. mortgage, taxes, insurance). Typically, this number will need to be less than 45 percent to obtain a mortgage. The national average debt-to-income ratio is around 31 percent.
  • Another is the amount of money you can contribute toward a down payment. Depending on loan type, most buyers will put down between 3.5 and 20 percent of the purchase price. If your down payment is less than 20 percent, you may also need to factor private mortgage insurance or FHA insurance into your expenses, also depending on loan type.
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When you've determined how much you can put down and a comfortable monthly payment, you can determine the purchase price you can afford. Our mortgage calculator can help you obtain some rough numbers. And for a more precise estimate, we recommend you get prequalified.