Buying A Home
Whether you’re buying a new home, a second home or an investment property, you’re likely looking for the perfect mortgage option. At Integrated Funding in the North Hills area of Raleigh, we’ll work with you, assessing your unique situation as we custom-fit a mortgage that meets your needs.
Am I Ready To Buy A Home?
When deciding whether to buy a home, you need to decide whether buying makes financial and practical sense for you. Consider both the advantages and disadvantages to buying, and weigh the pros and cons for your particular situation. At Integrated Funding, a Raleigh mortgage company serving clients throughout North Carolina, we’ll help you sort through your mortgage options, and help you decide whether purchasing a home at this stage in your life is right for you. We’ll also give you more information about current mortgage rates and different loan programs you may qualify for.
Am I Ready To Buy A Home?
When deciding whether to buy a home, you need to decide whether buying makes financial and practical sense for you. Consider both the advantages and disadvantages to buying, and weigh the pros and cons for your particular situation. At Integrated Funding, a Raleigh mortgage company serving clients throughout North Carolina, we’ll help you sort through your mortgage options, and help you decide whether purchasing a home at this stage in your life is right for you. We’ll also give you more information about current mortgage rates and different loan programs you may qualify for.
How Much Can I Afford?
The first step toward finding the right home or vacation home is to compute your purchasing power and determine how much you can afford to pay each month. This is helpful because it will allow you to focus on homes in your price range. Check out our mortgage calculator to quickly do these computations.
Costs of Buying A Home
In addition to thinking about mortgage rates and options, you should also consider both up-front and ongoing costs associated with purchasing a house.
Some up-front costs include:
- Down Payment: A down payment typically ranges from 3.5-20% of the cost of the house. The more you can put down, the greater equity you will have in your home and the lower your monthly payment will be. For down payments less than 20%, you may also need to pay mortgage insurance.
- Closing Costs: Typically, closing costs range from $2500-$5000, but we have programs available that can reduce these to a few hundred dollars. In some cases, we can lower them to as much as $0.
Ongoing costs can include the following:
- Monthly mortgage payment
- Homeowners Insurance
- Mortgage insurance (if applicable)
- Flood insurance (if applicable)
- Home Owners Association Dues (if applicable)
- Property taxes
- Utilities
- Maintenance
Costs of Buying A Home
In addition to thinking about mortgage rates and options, you should also consider both up-front and ongoing costs associated with purchasing a house.
Some up-front costs include:
Down Payment: A down payment typically ranges from 3.5-20% of the cost of the house. The more you can put down, the greater equity you will have in your home and the lower your monthly payment will be. For down payments less than 20%, you may also need to pay mortgage insurance.
Closing Costs: Typically, closing costs range from $1500-$2500, but we have programs available that can reduce these to a few hundred dollars. In some cases, we can lower them to as much as $0.
Ongoing costs can include the following:
- Monthly mortgage payment
- Homeowners Insurance
- Mortgage insurance (if applicable)
- Flood insurance (if applicable)
- Home Owners Association Dues (if applicable)
- Property taxes
- Utilities
- Maintenance
Get Pre-Qualified For A Loan At Integrated Funding
If you’re ready to begin looking for a new home in North Carolina, Contact Integrated Funding in Raleigh, NC for More Information About Mortgages & Loans our Raleigh mortgage advisors to get pre-qualified for a mortgage. In addition, if you are working with a real estate agent, getting pre-qualified lets them know you are a knowledgeable and serious buyer.
Self-employed? No problem. Our mortgage advisors are highly trained in self-employment mortgages and have experience in understanding self-employed income. — call us today to get started!
Integrated Funding is proud to offer personal, customized mortgage solutions and home-buying assistance in the North Hills area and throughout Raleigh, Cary, Apex, Wake Forest, and surrounding areas. We also serve clients in Charlotte, Wilmington, and throughout North Carolina.
919.847.2766
Looking To Buy A Home?