Florida Homes By Rau

We solve real estate problems!

  • 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
    • 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
(407) 900-7902
Submit
  • 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
    • 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
Submit

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®
So glad to be able to help another Filipino family So glad to be able to help another Filipino family relocate to central Florida! Congratulations Villanueva family! 🚚 🌴 🏠 🎉 🍾

#homesbyrau #realtorrau #teamrau #popitwhenyoucloseit #kissimmeerealestate #kissimmeerealtor #filipinoinrealestate #filipinorealtor #filipinoinflorida #champagneclosing #justsold #exprealty #filams #movingtokissimmee #centralfloridarealtor #filipinorealtorflorida #movingtocentralflorida #celebrationtitlegroup
Stoked to earn these socks from Google for writing Stoked to earn these socks from Google for writing reviews on local businesses! 🗺📍🌎 

#turninglocal #localguides #orlandolocal #floridalocal #realtorrau #winnierau
Congratulations to Devon and Maria that closed on Congratulations to Devon and Maria that closed on their home in the Tampa area. They were originally looking for an affordable resale house and they ended up with a brand new single family home. Thanks to my fellow EXP agent partner Richard for making this possible! Teamwork makes the dream work! 🫱🏽‍🫲🏼 🎉 🏠

#newhomesbyrau #homesbyrau #realtorrau #teamrau #newconstruction #newconstructionhome #moveinready #tamparealestate #tamparealtor#tampanewconstruction #centralfloridarealestate #centralfloridarealtor #filipinorealestateagent #filipinoinflorida
I’m so lucky that most of my clients are awesome I’m so lucky that most of my clients are awesome and treat me like their friend/family. Getting invited to events like this is very flatterring! 🥰 💕✨

Thank you and congratulations Gremarie and Edward for the new baby boy!🤰🏽👶🏽💙

#itsaboy #babyshower #wesleychapel #riverlanding #florida #filipinoinflorida #filipinos #buntis
Family potrait 04.30.2022 👩🏽‍❤️‍👨 Family potrait 04.30.2022 👩🏽‍❤️‍👨🏽🐶
#winnierau
Congratulations to my sellers! Their property was Congratulations to my sellers! Their property was listed for only 5 days before we accepted a cash offer getting them 30k over what they wanted to net. Enjoy the beginning of your retirement! 
🏡🥂💃🏽🏦 

#homesbyrau #realtorrau #teamrau #soldbyrau #filipinolistingagent #popitwhenyoucloseit #popitwhenyousellit #orlandolistingagent #centralfloridalistingagent #filipinalistingagent #listingspecialist
Sweet gesture from @centexhomes! 🏠 🐶🍾🥂 Sweet gesture from @centexhomes! 🏠 🐶🍾🥂 

#closingday #teamrau #tampa #florida #centexhomes #homesbyrau #realtorrau #winnierau #winniecoopcoop #toyotasiennahybrid #toyotasienna #yorkie #tampaflorida #newconstruction
One of the most fun parts of buying new constructi One of the most fun parts of buying new construction is picking and planning all the details and styles. In this step, I get just as excited as the future new homeowners! 🤩🔑📐🦺

#newhomesbyrau #homesbyrau #realtorrau #newconstruction #newconstructionhome #moveinready #gainesvillerealestate #centralfloridarealtor #filipinorealtor #filipinoinflorida #filipinoinrealestate #homedesign #newconstructionprocess
Congratulations to my buyers for getting this home Congratulations to my buyers for getting this home under contract! When I sent them the listing for this home they were surprised how quickly I found exactly what they were looking for. It’s always validating when my clients are excited and happy. 😌 📄 ✍🏼 

#homesbyrau #realtorrau #offeraccepted #undercontract #stcloudrealestate #stcloudrealtor #filipinorealestateagent #filipinorealtor #centralfloridarealtor #movingtoflorida
Load More... Follow on Instagram

© 2022 Homes By Rau. All rights reserved.

|

Owning a home is a keystone of wealth… both financial affluence and emotional security.

Suze Orman
May 20, 2022 Friday!
Florida Homes By Rau
  • Login
Forget Password?