The Simms Team

Purchasing and selling a home is a major investoment of your time and money. We pride ourselves in educating our St. Louis real estate agents with knowledge and expertise to assist you in reaching your real estate goals. Before putting your house up for sale or purchasing that dream home, take a quick look of some of these helpful tips.

You've decided you're ready to invest in your future. The first step to the home buying process is knowing how much you can afford. You need to understand what lenders are looking for. Three main factors that help determine if you qualify for home financing are: income, assets, and credit history.

Once you have found the home you can see yourself in, there are several steps to the buying process you will go through before you can officially call it yours. Meet with one of our USA Mortgage representatives to become pre-approved. This process will not only pinpoint the price range for your search, but give you a negotiating position for when you put an offer on the house.

Whatever your final moving cost may be, it's often higher than you anticipated. Moving can be expensive, in part because you aren't just hiring movers. You're uprooting your life, whether you move across the globe or a few neighborhoods over, and budgeting for that can be a challenge. Here are some moving costs you might not have considered.

Each month you will be required to make payments to the mortgage company on the borrowed amount and interest accrued. Your mortgage payment will depend on how much money you put down and the interest rate you get for your loan. At the beginning of your loan, your monthly payment will be mostly interest, but with each year more and more of the payment will be applied toward your principal.