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Your Plan

 

1.  Find the right agent

Even if you’re not quite ready to buy, your agent can be a wealth of information.  The Green Home Connection offers automatic e-mail notification of new listings.  Many buyers begin their online search when they're still in the "just thinking about it" stage.  If you'd like to receive listings by e-mail, just let us know your criteria and we'll set it up.

2.  Find out what your price range is

Online mortgage calculators are a good place to start, but as you get closer to being ready to buy, it's best to get a written mortgage pre-approval.  Speak to your lender to get a detailed picture of your overall financial situation, and to determine exactly what you can honestly afford to spend on a home.  The Green Home Connection can give you some names of local lenders to choose from.

3.  Find out what your local market looks like

The internet can be incredibly valuable for researching the real estate market.  Start with your agent – The Green Home Connection can help direct you to valuable resources.

4.  Find out what your true needs and wants are

Compose a list of your wants and needs.  Be sure to take into consideration your price range, your family size, your commute to work and your local market conditions.

5.  Find your dream home!

Once you’re ready to act, get in touch with us to start scheduling showings.  Armed with a pre-approval from your lender, you are a stronger buyer .  With all of your homework done, you'll know when you find "the house" and as your representatives we will help you make your best offer. 

With the right team behind you, it really can be that easy!


The Team Approach

 

The Right Agent
A successful purchase begins with the right real estate agent. In fact, once you’ve selected an agent to represent you, she can recommend other professionals to join your team, reducing some of the stress you may be experiencing.

Lender
A lender could be a bank or a mortgage company.  Having the right lender is extremely important – it is your money we’re talking about!  Make sure that your lender is someone with whom you feel comfortable, and beware of any lender who promises you more than you feel you can honestly afford. Your lender will likely require an appraisal and will make arrangements for the appraisal themselves.  Your lender may also require some inspections, such as inspections for wood destroying insects and gas line.

Lawyer
A home purchase is a very important a transaction.  It is always recommended to have legal representation.  Find a lawyer who specializes in real estate law and is willing to take the time to answer your questions.

Home Inspector
No home inspection is 100% guaranteed, but the small cost today to catch a major issue is certainly better than the cost of many thousands to correct that problem after the purchase. Your agent should be able to recommend several companies for you to choose from.

Contractor
If you will be planning some renovations, you’re not alone!  Contractors are usually booking a couple of months in advance.  Planning ahead will make your renovation smoother and your contractor will appreciate the advance notice.

 


Monthly Payment Calculator


Let us help you find out how much you can afford! Our mortgage calculator can help you determine how much your mortgage payment might be and help you decide whether you should be buying or renting.

Complete the fields below (e.g., Cost of Home, Down Payment, Monthly Income) and click Calculate Now. To view the different results of your calculation, click on the various tabs. To mail yourself a copy of your results, click the Receive this Detailed Analysis link.

Required Fields
Term In Years:     
Interest Rate:      %
Cost of Home:  $
Down Payment:  $  
Annual Insurance:  $  
Estimate Insurance to 0.43% of Cost
Annual Property Tax:  $  
Estimate Tax to 1.2% of Cost
Monthly Income:  $
Monthly Debt:  $
Optional Fields
Gross Debt Service Ratio (GDS):     
Total Debt Service Ratio (TDS):     
Condos Fees:  $
Results
  Receive this Detailed Analysis

Your Monthly Payments
 
Loan Amount:
Loan Insurance (%):
Total Loan (Mortgage) Amount:
 
Principal & Interest:
Homeowners Insurance:
Property Taxes:
Condo Fees:
Monthly Loan Insurance (%):
Total Monthly Payment:
Income Needed to Qualify for the Mortgage
Total Monthly Loan Payment:
Total Monthly Debt Payment:
Monthly Loan Insurance (%):
Qualifying Income of % GDS Ratio:
Qualifying Income of % TDS Ratio:
What You Can Afford
We are using the % ratio.
Cost of House:
Down Payment:
Loan Value:
Monthly Principal & Interest:
Monthly Insurance:
Monthly Property Tax:
Monthly Condo Fees:
 
Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] /
(monthly interest rate/ function of interest rate)
Renting
Monthly Rent: $
Annual Rental Increases:  %
Monthly Renter Insurance: $
Savings or Investment Rate:  %
 
Owning
Planned # of years in home: 
Yearly appreciation of the home:  %
Annual home maintenance:  %