How To Buy Atlanta Area FORECLOSURES WITHOUT using your money or credit! Armando Montelongo is TV's Most Popular Real Estate Investor and Host of A&E's Flip-This-House TV show and Now He is Sharing How to Take Advantage of this RED HOT ATLANTA Foreclosure Market.
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A: Answer, know your rights as a homebuyer! There are a lot of people out there who don’t have your best interest at heart. Please do your research and learn about the laws that are out there to protect you. A few great places to start are Clark Howard’s website. Clark Howard
is a consumer advocate based out of Atlanta
. He gives great advice; his website is user friendly, and offers a wealth of information on many topics. Another great resource is John Adams
. He has been described as “Atlanta
’s most trusted voice in real estate” he has helpful articles available on his website.
Q: How much I should spend on my new home?
A:
When shopping for a new home it’s a good idea to figure out how much you can afford to pay. Generally speaking your mortgage payment should not exceed 29% of your total monthly income before taxes and deductions. Also look carefully at loan interest rates, the lower the interest rate the more expensive the home you can afford. Check out our simple Loan Calculators
to get an idea of how much of a home you can afford.
Q: What are the stages I will go through when buying my first home? : A: Answer, you will go through many stages when buying your first home. Not just technical stages (finding the home, getting a loan etc.) you will go through a number of emotional stages as well. Your probably experiencing the first one right now....intimidation. It’s OK, everyone gets overwhelmed when starting this process.
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