First Time Buyers

Here we begin by offering you some insights into buying your first home. Some of this information should help you get the mental juices flowing in the right direction.  The following pages are organized in a very subjective way. (MY way.)

Generally speaking, there are probably as many reasons for buying a home as there are buyers. Maybe the best thing to do would be to run through a few of them so that you can pick yourself out of the mass of buyers.

  • FAQ (Frequently Asked Questions) - This is the page to get you started off by answering the questions most likely to be asked at the beginning of your search.
  • GDS (Gross Debt Service Ratio) - The percentage of gross annual income required to cover payments associated with housing. Payments include mortgage principal, interest, property taxes and sometimes include secondary financing, heating, condominium fees or pad rent.
  • Personal Interest Calculator - Here's a handy personal interest calculator incase you're in need.
  • Types of Mortgages - A basic breakdown of the different mortgage types you may be considering.
  • Financing Games - The toughest part of this exercise is knowing and comprehending that for the next 25 years, you will be paying money to the banks, trust companies, mortgage providers or whoever lends you money to buy a property. Trying to develop a strategy before you sign on the dotted line gives you the comfort of knowing that there will be no surprises down the road.
  • Do's and Don'ts - A list of do's and don'ts for the first time buyer when viewing prospective resale homes.
  • Hard Line Approach - Purchasing and Selling tactics designed help your bottom line.

Remember it is better to pick a real estate agent's brain.

That person lives and breathes real estate 7 days a week.