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Real Estate News Releases
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(EMAILWIRE.COM, February 26, 2012 ) Anaheim, CA – Real Estate Buyers Inc. has launched their new website www.how-to-buy-a-house.org in an effort to try to educate the general public on the misconceptions involved with purchasing a home. First time homebuyers need to do a great deal of research before deciding to purchase a home. There is nothing worse than rushing into purchasing a home for the first time only to discover that after everything is added in, the payments are not affordable.
There are several things to consider when purchasing a home for the first time. The most important is the type of down payment that will be required and the type of mortgage that will need to be acquired. Many people do not realize that there are several options to the type of financing available to an individual with purchasing a home. The most commonly known form of financing is the conventional loan. This is when a person puts a down payment on their house of choice, generally around 20%, and then receives financing for the remainder of the amount. It is important to research the type of financing that will be used to purchase a home, for different types of loans have different requirements.
The next step in purchasing a home is to figure out what an affordable monthly payment would be. This is where most people make their big mistake. The affordable monthly payment needs to include the mortgage, insurance, taxes, HOA fees, and trash if applicable. Many people will figure an affordable mortgage payment, but not realize how much more the insurance, taxes and other fees will be. Depending on the area in which a person resides their HOA fees and taxes can make up a good size payment per month.
After the financing and price range has been set then it will be time to begin to search for a home. It is important to make a list of the important aspects wanted in a home, if location close to good schools, work or a nice neighborhood are important than those should be at the top of the list. Some people may not choose to stay in their home forever, so it is important to look at areas that offer a decent amount of rent for their home, or the prices do not tend to vary a great deal. Real Estate Buys Inc. reviews all of these steps in full on their website, and work as a great first home buyerÂ’s guide.
About How-to-Buy-a-House.Org:
How-to-Buy-a-House.Org (http://www.how-to-buy-a-house.org) is free online resource to help show people how to buy a house.
Real Estate Buyers Inc.
Ricky Ponting
4157327565
contact@how-to-buy-a-house.org 
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