If you like the first house you see, don't be tempted to make an offer right away. You should look at least a few other houses first so you can get an idea of the homes that are available in your price range.

Deciding how much house you can afford is a personal decision.Many factors come into play.How much can I borrow?  How much can I put toward my down payment?  What size monthly payment can I afford? 

How much can you afford?

There are no black and white answers to these questions.  Its a matter of give and take.  If you plan on a 30 year mortgage, you can probably make a lower down payment (or perhaps no down payment at all) and still manage the monthly payments.  If, on the other hand, if you plan on a 15 year mortgage, you will probably want to make a larger down payment to keep your monthly payments in line with what you can afford. 

How large a down payment can I make?

Many buyers look at their cash on hand as their only source for their down payment.  This simply is not the case.  One way to fund or partially fund a down payment is by using a gift.   Parents, grandparents and other family members are often eager to help by making a cash gift toward the purchase of your home. 

There are also numerous avenues to explore. call today for a free consultation with a professional!  And, of course, if you are selling a home, the equity youve built up can be applied to your down payment.

But these are not your only options.  We can help you explore all your down payment options, including low down payment and 100% mortgage financing options that might be right for you. 

See the nine steps to home ownership a must for all homebuyers

http://www.solution1mortgages.com/9StepstoOwnership

If you are selling your home, chances are that you want a proven professional who will represent you the way you want to for a reasonable commission.  Not only will we sell your home, but we will help you to find a new one and arrange the financing for you.  Use someone who understands the total picture.  We will do a Comparative Market Analysis to determine the market calue of your home, market it on the MLS, Internet, company advertising, newspaper advertising as well as direct mail.

See the video below for more information.

http://www.solution1mortgages.com/HowtoSellYourHome