So You Want To Be Kissimmee or St Cloud Florida Home Owner? Here is What you Need to Know.

So You want to be a Kissimmee or St Cloud Florida homeowner?… There are many benefits to owning a home. Mortgage Loan Interest, Property Tax Deductions, Improvements which may be tax deductible, Hazard Insurance deduction are all some of the benefits. Add in pride of ownership, stability, and sense of accomplishment that you have transitioned from renting to owning. Yes, there is added responsibility, but with home prices at all time lows, there is also future equity to be earned if you buy right, and make your payments on time.

As we all know the current Real Estate Market prices in the Kissimmee Home Market and bedroom community of St Cloud Florida, combined with  historically low interest rates make this an ideal time to enter the Housing Market.

3 Important things you need to know.

1) If you are financing, the minimum credit score is 720. Financing is available through all major lenders. There are some very good programs currently available.

FHA home loans require 3.5% downpayment.
VA Loans offer 100% financing
Rural Housing Loans for people earning $73,000 per year or less
Manufactured Home Loans
Conventional Loans
and Construction Loans.

2) Letter of Pre-Approval Before you begin looking at homes-visit your lender. You can get a Loan Pre-Approval Decision for FREE. The lender will ask you questions based on your income and expenses. They will determine how much money you can borrow.
If there are no major issues, they will give you a letter of Pre-Approval and THEN you can begin your search for the perfect place to call home.

3) Work with ONLY one Real Estate Agent. Preferably you want to find one you feel the most comfortable with. Some important things to consider. Experience, Area Knowledge, flexible work schedule which matches your schedule, do they communicate well with you, do they return phone calls promptly. Are they able to meet your needs, time frame and budget.

Realtors® are member of the National Association of Realtors®, they are licensed Real Estate Agents who also abide by a strict Code of Ethics. It is important to realize Real Estate Agents or Real Estate Brokers (Who have more experience and training) may only assist you if you are NOT working with anyone else. Since Real Estate agents work on commission. There should be no upfront fees paid in advance.