Buying a New Home

If you plan to purchase a home this year, before purchasing, we recommend you do the following: 1) prepare a budget; 2) pull a credit report; 3) search for the best value (combination of interest rate, fees, term). Do not buy more house than you can afford. Try to acquire a home equity line of credit for emergencies at the same time. Remember to keep a copy of your closing statement, also known as the HUD-1, and provide us with a copy next year. This statement includes important tax information, including potential tax deductions for the year of purchase.