Four Important Steps to Take When Buying Your Oakland Home
Posted by Bruce Wagg on
When buying your home in the Oakland Rockridge area, or the Redwood Heights, or even the Trestle Glen area, you will find that some things are common among all home purchases. It is important that you place yourself in the best possible position to purchase the home that you decide you want to have. Here are some suggestions to put you at the top of the list:
1. Do All Your Financial Homework First--Make sure that you have enough funds to qualify for that purchase. The rule of thumb followed by most lenders is that your total debts including housing costs, should be no more that 38% of your gross income(before taxes), and your ultimate housing debt alone should be no more than 33% of your gross income(before taxes). While there are other issues,…
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