HEADER ↑ Hampton Twp. Office
724-449-9900
Ad spot with Sonya’s info↓ (she would like this on the top right of the header)
“Let Me Lead You To
Success With
Your Real Estate Career”
• Infinite Income
Sonya Clemente,
Gail Scott
412-260-8424
• Supportive Atmosphere
• Limitless Possibilities
Director of Sales
” Interested in a career in Real Estate? Let me lead you to success!”
Hampton Twp. Office
724-272-3990/724-449-9900
1506 Madsen Drive
Glenshaw
John
Bateman
412-638-3552
3224 Hampton Oaks Drive
Allison Park, $577,500
724-272-3990
Sonya Clemente, Director of Sales
724-449-9900 ext 234 [email protected]
2911 Grandview
Drive
Allison Park,
$268,900
Michelle
Mattioli
412-400-5089
233 Hytyre
Farms Drive
Gibsonia,
$399,900
Linda
Wiethorn
412-736-3118
562 Bairdford Road
Gibsonia, $165,000
3179 Canterbury Drive
Hampton, $589,000
Jean
Bongiovanni
412-414-7085
100 Vista Circle #209
O’Hara Twp., $635,000
Agent: Monica Turner 412-860-1882
111 Tartan Road, Hampton Twp., 15044 /$299,900
Terry
Bienvenue
412-951-8593
Dulcia Gum
412-860-1765
5340 Richland Road
Gibsonia, $185,000
Please call for a Free Market Analysis — 724-449-9900
What First-Time
Homebuyers Should Know
Last year was a great year for new homebuyers. According to
the National Association of Realtors, about 35 percent of the
homebuying market was made up of first-time buyers. Yet, each
year is not created equally in the mortgage industry and real estate
market. Changes happen frequently and it is often hard to keep up.
If you’re looking to break into real estate for the first time, here are
some insights into how to navigate the market.
Saving.
Step number one for a first-time homebuyer should always be
saving. Take a look at your current finances. It’s recommended
that your mortgage payment not exceed 30 percent of your gross
monthly income. See where you can cut back spending to put away
a little extra out of your paycheck every month for your new home.
Not only can this cash go toward a down payment, but most likely
you’ll need furniture, appliances, and decorations to furnish your
new home. Don’t just calculate the amount of money needed for a
down payment. Keep in mind the unforeseen expenses such as home
repairs, agent fees and closing costs. You can never save too much!
1. Mortgage.
Applyin g for a mortgage can be an intimidating process, but
if you prepare accordingly, you’ll be happy with the outcome.
According to LendingTree.com, mortgage lenders are allowing
higher debt levels for borrowers with lower down payments
(as little as 3 percent on a conventional mortgage loan). You
may not need the typical 20 percent down that was required
of homebuyers a few decades ago. If your debt-to-income ratio
is high, you may not have to worry. Mortgage companies are
making it easier for borrowers with more debt to still qualify.
2. Mortgage rates and tax limits.
Unfortunately, not all news is good news for first-time buyers.
Mortgage rates are predicted to continue to rise in 2018,
expected to reach 5 percent toward the latter half of the year.
In addition, new tax laws that went into effect at the beginning
of the year have new limitations. Be sure to look into mortgage
interest deduction and other tax deduction limits that may
affect your taxes for 2018.
3. Agent.
Having a real estate agent in your corner for a first-time
purchase is key. Agents will not only help you navigate the
home-buying process, but can also be a valuable resource for
an inside look at new homes that go on the market. This gives
buyers the opportunity to view homes that may not have made
it onto real estate websites for public viewing.
Continued on next page >
hampton ❘ SUMMER 2018
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