FAQ
FAQ
Frequently Asked Questions
Am I Ready to Be a Homeowner?
Becoming a homeowner is an exciting and rewarding journey, and with the right preparation, it can be a smooth process. If you’re financially ready, have a clear understanding of your long-term goals, and have researched the market, you’re on the right track
Is Renting or Buying Better?
Choosing between renting and buying depends on your lifestyle and long term goals. Renting offers flexibility with fewer upfront costs, while buying provides stability and builds equity over time. At Your Keys, we guide you through both options, helping you make the best decision for your future.
What Is the Lender's Formula?
Lenders use a formula to determine how much you can borrow based on your income, credit score, debt to income ratio, and financial history. This helps ensure you can comfortably afford your mortgage.
What Do I Look for in Homes?
Focus on location, budget, layout, and future value. Consider proximity to work, schools, and amenities, along with the property’s condition and potential resale value.
Do I Need a Home Warranty?
A home warranty can offer peace of mind by covering unexpected repairs on major appliances and systems. It’s especially helpful for older homes or first-time buyers who want extra protection.
What Should I Expect at Closing?
Closing is the final step in making your home officially yours. Expect a final walkthrough, document signings, and payment processing before receiving your keys. At Your Keys, we ensure a smooth, transparent process so you can focus on the excitement of moving into your new home.
What Is Pre-approval?
Pre approval is a lender’s confirmation of how much you can borrow for a home. It helps you set a budget, shows sellers you’re serious, and speeds up the buying process.
Am I Ready to Rent?
Renting is a great option if you have a stable income, can cover upfront costs (security deposit, rent), and are prepared for monthly expenses. It’s ideal for flexibility and exploring different locations.
What Should I Offer?
Your offer should be based on market value, property condition, and comparable sales in the area. Work with an expert to make a competitive offer that aligns with your budget and the current market.
Can I Ask You for Advice?
Absolutely! At Your Keys, we’re here to provide expert guidance on every step of your real estate journey. Whether you’re buying, selling, or renting, feel free to reach out our team is ready to help you make the best decisions.