how much home you can afford. Generally, you can afford a home equal in value
to between two and three times your gross income.
Develop a wish list of what you'd like your home to
have. Then prioritize the features on your list.
three or four neighborhoods you'd like to live in. Consider items such as
schools, recreational facilities, area expansion plans, and safety.
if you have enough saved to cover your downpayment and closing costs. Closing
costs, including taxes, attorney's fee, and transfer fees average between 2
percent and 7 percent of the home price.
your credit in order. Obtain a copy of your credit report.
how large a mortgage you can qualify for. Also explore different loans options
and decide what's best for you.
all the documentation a lender will need to preapprove you for a loan.
research to determine if you qualify for any special mortgage or
the costs of homeownership, including property taxes, insurance, maintenance,
and association fees, if applicable.
experienced REALTOR who can help you through the process.
MLB Residential Lending, LLC. is located at 51 Commerce Street, Suite 101, Springfield, NJ 07081, 732.243.0140. MLB Residential Lending, LLC. NMLS #1101220 is a residential lender, licensed by the NJ Department of Banking and Insurance; licensed by the PA Department of Banking and Securities; licensed by the CT Department of Banking; licensed by the DE Office of the Banking Commissioner; and is licensed under the FL Mortgage Lender Service License #MLD1128. All rates are subject to change without notice. MLB is a Fair Housing Lender. MLB in no way, claims to represent or to conduct business on behalf of HUD, the FHA or the Federal Government. This site is not authorized by the New York State Department of Financial Services. No mortgage loan applications for properties located in the state of New York will be accepted through this site.