Kansas City real estate and community news blog featuring Olathe and Overland Park, Kansas.
10 part report, 5th chapter
How to Avoid 10 Common Buyer Traps BEFORE Buying a Kansas City Home
Buying a Kansas City home is a major investment no matter which way you look at it. But for many Kansas City homebuyers, it's an even more expensive process than it needs to be because many fall prey to at least a few of many common and costly mistakes which trap them into either paying too much for the home they want, or losing their dream home to another buyer or, worse, buying the wrong home for their needs.
Every homeowner has been a first-time buyer once in their life, so you're not alone. But buying a home is one of the largest purchases you'll make, so how do you know if you're ready to take that next big step? These 10 home-buying tips can help reduce the stress of buying your first home.
The fifth chapter is:
5. Weigh your options. Are there any financial programs that may help you get into your first home sooner? Federal and state-backed loans may make it easier to qualify for a loan by offering programs with little or no money down. FHA has some good loan programs that help buyers get into homes with less than $500. USDA has loan programs in the rural areas that allow you to wrap most cost into the loans. With over 1,000 loan programs availlable in Kansas City, contact a mortgage planner for the best loan program for you. A Kansas City Mortgage Planner that I recommend is Ronnie Yarbrough of Firstrust Mortgage. You can reach Ronnie at (913) 747-3234.
To view the previous chapters, go to: http://Blog.DowellTaggart.com and click on For Buyers.
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