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(407) 900-7902
  • Home
  • Properties
  • Buyers
    • Buyers Ultimate Guide
    • Critical Role of the REALTOR®
    • Get Pre-Approved
    • Down Payment
      • Down Payment Assistance
      • Down Payment Resource
    • Buyers Worksheet
    • Schedule a Free Consultation
    • Movinghub
    • FAQs
  • Sellers
    • Listings
      • 1025 Bucksaw Place
    • EXPRESS OFFERS
    • Sellers Ultimate Guide
    • Critical Role of the REALTOR®
    • What is My Home Worth?
    • Schedule a Free Consultation
    • Movinghub
  • Renters
    • For Rent
    • Lease with a Right to Purchase Program
      • About the Program
      • How it Works
      • Benefits to Residents
      • Resident Pre-Qualification
      • FAQs
      • Company Overview
    • Movinghub
  • Investors
    • Join Investors List
    • Investment Condos
      • Philippine Investment Condos
    • Vacation Homes
      • The Grove Resort
        • The Grove – Marquis
        • The Grove – Sterling
  • Homeowners
    • Homestead Exemption
    • Empower Home Progam
  • Blog
  • Contact
    • Testimonials
Florida Homes By Rau

We solve real estate problems!

(407) 900-7902

Prepare to Finance a Home

HOW TO

Develop a budget: Use receipts and your banking transaction history to create a budget that reflects your actual habits over the last several months. This approach will better factor in unexpected expenses alongside more predictable costs such as utility bills and groceries. You’ll probably spot ways to save, whether it’s cutting out a Starbucks run or eating dinner at home more often.

Reduce debt: Lenders generally look for a debt load of no more than 36 percent of income. This figure includes your mortgage, which typically ranges between 25 and 28 percent of your net household income. So you need to get monthly payments on the rest of your installment debt—car loans, student loans, and revolving balances on credit cards — down to between 8 and 10 percent of your net monthly income.

Increase your income: Now’s the time to ask for a raise! If that’s not an option, you may want to consider taking on a second job to get your income at a level high enough to qualify for the home you want.

Save for a down payment: Designate a certain amount of money to put away in your savings account each month. Although it’s possible to get a mortgage with less than 5 percent down, you can usually get a better rate if you put down more. Aim for 20 percent of the purchase price.

Keep your job: While you don’t need to be in the same job forever to qualify for a home loan, having a job for less than two years may mean you have to pay a higher interest rate.

Establish a good credit history: Get a credit card and make all your bill payments on time. Pay off entire balances as promptly as possible. Also, obtain a copy of your credit report, which includes a history of your credit, bad debts, and late payments. Ensure that it’s accurate and correct any errors immediately.

Keep saving: Even if you have enough money to qualify for a mortgage and cover your down payment, you will also need to factor in closing costs, which can average between 2 and 7 percent of the home price, and incidentals such as the cost of hiring a home inspector.

Decide what kind of mortgage you can afford: Generally, you want to look for homes valued between two and three times your gross income, but a financing professional can help determine the size of loan for which you’ll qualify. Find out what kind of mortgage (30-year or 15-year? Fixed or adjustable rate?) is best for you. Also, gather the documentation a lender will need to preapprove you for a loan, such as W-2s, pay stub copies, account numbers, and copies of two to four months of bank or credit union statements. Don’t forget property taxes, insurance, maintenance, utilities, and association fees, if applicable.

Seek down payment help: Check with your state and local government to find out whether you qualify for special mortgage or down payment assistance programs. If you have an IRA account, you can use the money you’ve saved to buy your first home without paying a penalty for early withdrawal.

Translate:

eXp Realty is the first cloud-based real estate brokerage, the largest residential real estate brokerage by geography in North America and the first and only real estate brokerage to operate as one company-owned brokerage in all 50 U.S. states. It is one of the fastest growing real estate brokerage firms in North America with more than 15,000 agents across 50 U.S. states, the District of Columbia and three Canadian provinces. As a publicly traded company, eXp World Holdings uniquely offers real estate professionals within its ranks opportunities to earn company stock for production and contributions to overall company growth.

homesbyrau

Tynna Rau | Florida Realtor®
I’m super happy and proud that this family was f I’m super happy and proud that this family was finally able to secure their dream home after a couple of years of working towards it! Shannen decided to take a job away from her family to make this happen while Justin had to take care of their 3 kids while working full time as well. Team work makes the dream work!

Congrats to Shannen, Justin & fam! Your family deserves every bit of this success! 🍾 🎉 

#homesbyrau #realtorrau #teamrau #popitwhenyoucloseit #champagneclosing #exprealty #poppingbottles #expiconagent #centralfloridarealtor #filipinorealestateagent #hainescityrealestate #hainescityfl #hainescityrealtor #newconstructionhome #hainescitynewconstruction
Sometimes it’s love at first sight and my buyer Sometimes it’s love at first sight and my buyer put a ring on it before they even saw the house in person. Congratulations to the future residents of Kissimmee!

#homesbyrau #realtorrau #teamrau #undercontract #filipinorealtor #filipinarealestateagent #executedcontract #iconagent #exprealty #expiconagent #offeraccepted #kissimmeerealestate #kissimmeerealtor #filipinorealtorkissimmee #filipinarealtor #filipinorealestateagent
Team Rau at work!🤵🏽‍♂️🐶🪧 🏠 F Team Rau at work!🤵🏽‍♂️🐶🪧

🏠 Featured Listing 🏠
2833 PANKAW LANE
Valrico, FL 33596
$629,950
4 bed, 3 bath, 3,788 sqft
Screened pool, corner lot
MLS# O6073837
Link to MLS Listing: https://myre.io/09HBTfGa9FZ

#teamrau #theraus #homesbyrau #realtorrau #tynnarau #filipinorealtor #filipinarealtor #floridarealestate #floridahomesforsale #floridahomes #yorkie #redwings #exprealty #valrico #florida
Popping bottles while in the Philippines for cappi Popping bottles while in the Philippines for capping again while on vacation for 3 years in a row now! AND for reaching EXP ICON status for the first time last year! 🍾🌴

#latepost #popitwhenyoucapit #justcapped #poppingbottles #homesbyrau #realtorrau #teamrau #orlandorealestate #orlando #florida #filipina #filipinoinflorida #realtor #filipinorealtor #orlandorealtor #islandlife #siargao #beachlife #champagne #exprealty #expproud #expicon #expiconagent #iconagent
I’m excited to welcome my friend and her family I’m excited to welcome my friend and her family to Orlando after closing on their new home! When it was all said and done they got $13,550 in seller concessions, more than 10 items repaired from their list, including replacement of polybutylene plumbing. 

It was a pleasure to assist you, I hope you enjoy life in central Florida! Congratulations! 🍾🥂🏡

#homesbyrau #realtorrau #teamrau 
#popitwhenyoucloseit #filipinorealtor #champagneclosing #justsold #exprealty #filipinorealtorflorida #poppingbottles #expiconagent #oveido #oviedorealestate #centralfloridarealestate #centralfloridarealtor
Thank you Diana @wolfiewildfire for this awesome r Thank you Diana @wolfiewildfire for this awesome review and for making sure you help my business. I’m happy to serve you my friend, and all your referrals! 😊🥰

#homesbyrau #realtorrau #teamrau #filipinorealtor #filipinorealtorflorida #expiconagent #orlandopoolhome #hourglassdistrict #hourcommunity #thehourglassdistrict #centralfloridarealtor #fivestarrealtor #fivestarreview #ratemyagentusa #filipinofloridarealtor #happyclients #thankyou
Newly renovated apartment rentals with stainless s Newly renovated apartment rentals with stainless steel appliances available mid January! All units are 2 bedrooms and 1 bathroom, A/C, and full kitchens. DM me for more details, you can also text COURTYARDVILLAS to +1-941-220-0989. 👩🏽‍💼

#homesbyrau #realtorrau #teamrau #filipinarealtorflorida #filipinorealtorflorida #filipinoinrealestate #filipinofloridarealtor #exprealtyflorida #apartmentforrent #orlandorental #courtyardvillas #rentalunit #leasingagent #newlyrenovated #renovatedapartments
Rolling into 2023 with a new contract! RWARR!! 🎆🍾🐅

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I’ve been working with this buyer since May of l I’ve been working with this buyer since May of last year and now I’m super excited to say that they are finally under contract with this beautiful new construction home in Haines City! Congratulations Shannen, Justin and family! I can’t wait to see your happy faces once you finally close on this house! 📄 🖊️ 🤗 

#newhomesbyrau #homesbyrau #realtorrau #teamrau #newconstruction #newconstructionhome #moveinready #centralfloridarealestate #centralfloridarealtor #filipinorealestateagent #filipinoinflorida #centralfloridanewconstruction #hainescitynewconstruction
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