Great question! The first step in finding out your monthly payment is to get you pre-approved. Once you’re pre-approved through Jason Mansell, he can go over with you how much your monthly payment for the home will be. We take the loan amount, local taxes on the home, insurance and everything else into account.
This way you’ll know how much you’ll have to write a check for every month before you make an offer. It makes it a little easier for you to decide on a home and what to offer when you have this information. And with Giulio Leone’s mortgage and real estate experience on your side, you’ll have all your questions answered, and you’ll be able to find the best home you can afford.
Obviously it depends on your own needs and situation – if you have children, you’ll want to be in a neighborhood with highly regarded schools and well-kept park areas.
You should also pay attention to things like what you’re paying per square foot on the home, the amount of property taxes you’ll be paying (which can vary widely in New Jersey), or whether or not you live in a flood zone and will need to pay extra for flood insurance.
As far as the home itself, check the condition of things like the roof, the HVAC system (heating and air conditioning), the windows and siding, bathrooms, the electrical system, etc. With a home, these tend to be big ticket items for repairs, and you should ensure that they are in good functioning order.
You should be very aware of your commute and how you’re affected by traffic patterns – you definitely don’t want a home that results in a lengthy and slow trip to work every day.
Having a realtor who knows the area makes all the difference! Contact Giulio Leone today to get started on your South Jersey future.