Our expanded service offering will be available Summer 2024

Frequently Asked Questions

There are a lot of questions when it comes to buying a home.  Here are answers to the most common.  You may also use our AI-powered chat system for general questions that you do not see below.  

If you have completed the financing pre-approval or selected a Realtor for your purchase, then you can also reach out to your loan coordinator or Real Estate Agent for additonal information.

  1. How much house can I afford?
  • Consider your budget, income, and expenses.
  • Calculate your debt-to-income ratio.
  • Us the HUB pre-approval engine to determine a suitable price range.
  1. Should I take out a loan?
  • Evaluate your financial situation.
  • Explore loan options with your HUB consultant (conventional, FHA, VA, etc.).
  • Understand interest rates and terms.
  1. How much do I need for a down payment?
  • Aim for at least 20% to avoid private mortgage insurance (PMI).
  • Some programs allow lower down payments (e.g., FHA loans).
  1. Can I afford my desired neighborhood?
  • Research property values in the area.
  • Consider property taxes, HOA fees, and other costs.
  1. Is the school district suitable for my family?
  • Investigate local schools’ quality and ratings.
  • Check proximity to schools and educational facilities.
  1. How long will my commute take?
  • Evaluate commute times to work, schools, and other important places.
  • Consider traffic patterns and public transportation options.
  1. What features are essential in my ideal home?
  • Make a list of must-have features (e.g., bedrooms, bathrooms, yard space).
  • Prioritize features based on your lifestyle and preferences.
  1. What type of home best suits my needs?
  • Consider single-family homes, condos, townhouses, or other options.
  • Think about maintenance requirements and lifestyle.
  1. Do I have serious savings?
  • Assess your emergency fund and additional savings.
  • Be prepared for unexpected expenses during the homebuying process.
  1. Who will guide me through the purchase?
  • Find a reliable Buyer’s Service and select a Real Estate Agent.
  • Work with professionals (inspectors, appraisers, etc.) during the transaction.

Remember that buying a home involves several steps, including credit checks, financing, offers, inspections, and closing. Take your time, do thorough research, and seek professional advice to make informed decisions. Happy house hunting!