Congratulations on the next exciting chapter in your life! Deciding to relocate and create a better life for you and your loved ones is something you will never regret. However, the time crunch that can occur when you change jobs and relocate can feel super stressful. Nothing puts the squeeze on like acquiring a new job and having to move your family to Melbourne, FL in a short amount of time. Here at A Mother’s Touch Movers, we have had the privilege to assist so many of you in creating the next phases of your lives. Whether it is a local move, an office transition, or assisting your senior loved one ease into life at an assisted living facility, we have seen it all. Thank you for trusting your valuable belongings with our professional Melbourne, FL moving team.
If you have ever purchased a new home, you know the feeling of searching and searching for the perfect place. Perhaps you are on that quest at this very moment. The housing market in Brevard County continues to show increased median prices. This fact coupled with a lack of current for sale properties makes this a seller’s market leaving you, the buyer, in a precarious position. Continued growth in the space industry along with retirees choosing the breezy Florida lifestyle means that those in search of a new home must act FAST! If you find a home you love, you need to jump on it. However, one thing you need to keep in mind is this: can you actually afford the home you fall for?
Quite a bit goes into what lenders will finance for those seeking a loan for a new home. According to Fool.com, mortgage lenders look at several factors when determining just how much of a mortgage they will parcel out to buyers. It isn’t a simple black and white decision. When deciding how much to approve a buyer for, banks look at things like credit history and current scores. They also delve into your financial history and current state to see how much you owe. Do you have credit card debt? Do you pay child support? Is there a car loan out there you are still paying off? Your current income along with any and all financial obligations are taken into consideration as well.
Navigating the housing market and assessing the wisdom in purchasing a new home is something that many of us will have to endure at least once in our lives. It pays to go into this search with armed with as much information as possible. Knowing what you can afford beforehand will help you narrow your search parameters and keep you from becoming upside down in your home.
