#2: How long do you plan to own this home?

You may be better off renting if you expect to move or get transferred within two years. Online rental guide or local realtors can help you find rentals in your area. Kellson Team can help you find rentals in Greater Phoenix, AZ.

#3: Do you have enough cash for a down payment, closing and moving costs?

For a $200,000 home with a 20 percent down payment, you may need approximate $45,000. Some people are buying homes with zero down payment; however, their mortgage interest rates and payments are significantly higher. Contact Kellson Team for a free estimate on your monthly mortgage payment and closing costs.

#4: Can you afford to carry a monthly mortgage and still pay your bills?

A mortgage should normally take no more than one third of your net income in most cases. Interest-only, Option ARM, 40-year, or even 50-year mortgage programs are few options for minimizing your mortgage payment. If you're carrying extra debt, take steps to reduce it.

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Remember, Kellson Team offers one-stop-shop services for your real estate, financing and credit repair needs. We would like to help you save more time and money with our free consulting services. Contact us now for a free professional consultation.

Home Buying Process

1:	Get free consultation
2:	Decide to buy
3:	Get your loan approved
4:	Shop for a home
5:	Make an offer
6:	Get a home inspection
7:	Clear required conditions
8:	Sign final paperworks
9:	Move in

Buying a Home

1:	Home Buying Tips
2:	Home Shopping Tips
3:	Choose a Neighborhood
4:	Reasons to Buy a Home
5:	Role and Responsibilities
6:	Negotiation Strategies
7:	Choose a realtor
8:	Move in Process

Links
	How much home?
	Rent or Buy?