Real Estate Frequently Asked Questions (FAQ’s)
Common Questions Asked - Answered!
Real Estate Frequently Asked Questions with Jacqueline McAndrew, Weichert NJ Homes, Ocean County and Monmouth County MLS. Specializing in the Jersey Shore.
Buying or Selling a home should’nt be hard. The Most Common Questions Asked by Home Buyers—Answered!
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This tool allows you to calculate your monthly home loan payments, using various loan terms, interest rates, and loan amounts.
It includes advanced features like amortization tables and the ability to calculate a loan including interest rates.
Calculate Mortgage Payments
That depends, of course—on your income and other financial obligations; plug them into a Home Affordability Calculator (see below) for a ballpark figure, and do it before you start shopping. If you see houses you love outside your price range, it opens you up to disappointment. Meet with a lender to get pre-approved for a home loan.
Yes, you can—but it’s the real estate equivalent of walking a tightrope. On the one hand, if you buy a home before you sell the one you’re in, you’re overextended financially; if you sell before you buy, you might need to rent awhile before finding a new place. But there are ways to do both at once, and one option is to instate a “sale contingency” in your contract. This means you only agree to buy a home if you can sell the one you’re in. The only downside is if your seller doesn’t agree (which is possible if they want the timing set in stone).