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It’s just the biggest financial decision of most people’s lives. No pressure!

How to Navigate Home Buying

If you have your heart set on becoming a homeowner, you should be able to answer these questions before you start making offers.

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What Costs Come with a Home?

Here’s a scenario. You find the perfect place. The seller accepts your offer and your financing is approved! What happens next?

Aside from the principal and interest on your home loan, you may also need to cover agent fees (assuming you used one), along with closing costs, like:

Property appraisals
Title search
Title insurance
Origination fee

How Does Homeownership Compare to Renting?

Are you trying to make the jump from a lease to a mortgage? As a renter, you won’t pay property taxes or renovation costs. You’re also able to relocate with relative ease. With a mortgage, you can build equity, make updates to the home and potentially profit if the value increases. Ultimately, the right decision takes timing, finances and lifestyle into account.

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Your Local Lender

Mortgage Solutions is based in metro St. Louis, and their team is ready to assist you with any questions on your home buying journey.

Mortgage Solutions, LLC—NMLS #277481 is a wholly owned subsidiary of Members Resource LLC, a Credit Union Service Organization, a wholly owned subsidiary of Vantage Credit Union. Not all loan products are available in all states. Equal Housing Lender.

^*Subject to approval and credit worthiness of applicant(s). This is assuming a purchase transaction, single-unit primary residence only, 97% LTV, and a 640 minimum FICO credit score. You cannot qualify if you make higher than 80% of the median income in the area in which you are looking to buy. For example, if you live in an area where the median income is $99,596, you can’t use more than $79,676.80 to qualify for this program ($99,596 x 0.8 = $79,676.80). There’s a $766,550 upper loan limit on this conventional option. The content presented here is provided for high-level information purposes only and not an offer to lend or extend credit. Not all loan products or terms and conditions apply. Products, rates and terms subject to change without notice.