Hope Leitner, Realtor®, CRS

  Knowing what to budget for when buying a home may feel intimidating — but it doesn’t have to be. By understanding the costs you may encounter upfront, you can take control of the process. Here are just a few things experts say you should be thinking about as you plan ahead. 1. Down Payment Saving for your down payment is likely top of mind. But how much do you really need? A common misconception is that you have to put down 20% of the purchase price. But that’s not necessarily the case. Unless it’s specified by your loan type or lender, you don’t have to. There are some home loan options that require as little as 3.5% or even 0% down. An article from  The Mortgage Reports  explains: "The amount you need to put down will depend on a variety of factors, including the loan type and your financial goals.  If you don’t have a large down payment saved up, don’t worry—there are plenty of options available . . ." A trusted lender will go over the various loa...

Do you own a home? Are you looking to buy or sell?  This eNewsletter strives to give you information that will help you make an informed decision around your real estate goals.    I am here to support you whatever your real estate needs might be.  When you are ready to make the decision to buy or sell, give me a call.   PONDER THIS - The air is fresh and bright - Spring is the season of renewal - You might be contemplating your next move. Should you stay or should you go?  Call me and let’s develop a strategy to meet your real estate goals.   As always, I am here for you, your family, and friends. FINANCE, HOMEOWNERS, HOMEBUYERS   About Earnest Money Deposits   When a buyer and seller agree on a purchase price and terms, the buyer shows the seller a sign of good faith in the form of earnest money. This money, typically 1% to 3% of the sales price or whatever is customary for the local market, is deposited with an escrow agent or title company...