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How
to buy a house...
-
Get organized, pay
debts, get your Credit Report, clean your credit report.
- Read real
estate classifieds, free real estate magazines, web home searches.
- Get a
good book on home
buying, and get a good real estate
agent.
- Secure financing and
pre-qualify for a mortgage.
- Choose a good
real estate lawyer
- Negotiate tough with
the seller, begin escrow, sign a preliminary contract.
- Shop for homeowner's
insurance.
- Have the house inspected by a professional
engineering firm.
- If inspection and financing are OK, buy the house.
- Close escrow, and move in.
To compute to
monthly payments use example bellow:
# of payment =
number of years X 12 (30 years x12 ) =360
enter interest rate e.g. 5 (for 5%)
Principal is the total amount for the purchase ( e.g. 450000)
Click compute to find out monthly payments.
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# of
Payments
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Interest
Rate
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Principal
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Monthly
Payment
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