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Honest, low-key and always available
Our home buying experience with Fred Roven was great. He was honest, low-key and always available to us. Fred listened attentively to what we were looking for in a second home, and worked with us until he found us exactly what we were looking for. His knowledge of the Island, its towns, and neighborhoods was truly impressive. After only about 4 months and about 5-6 trips to the Island, Fred found us our dream island getaway. He was also helpful in negotiating the sale and providing information after the sale. We have recommended Fred to friends who are also looking for a vacation home on the Island.
N & J GrayHopkinton, MA
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First Time Buyers >Affording A Home
Are you getting ready to buy your first home? It is important to know how much you can afford before you begin looking at properties. Talking with a lender and getting pre-approved for a loan puts you in a stronger negotiating position with sellers.
As a rule, your monthly housing costs should not exceed 28% of your monthly pre-tax income. These costs include the mortgage payment, real estate taxes, and insurance. If you have long-term debts, such as student loans or car payments, your monthly payments, including your housing costs, should be less than 36% of your pre-tax monthly income. Some loans, such as VA and FHA loans, are more flexible with these basic guidelines.
Depending on which type of mortgage you select, you can consider houses in various price ranges. An adjustable-rate mortgage will usually enable you to qualify for a higher loan amount. Your real estate agent can help you make the basic calculations. Remember that buying at the top end of your price range gives you more time to outgrow your home, and can save you money over the long term.
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| Q |
Who received the largest land grant ever given to an English subject for only two beaver skins per year?
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| A |
William Penn, the Quaker leader, received Pennsylvania and Delaware to settle a debt owed his father by King Charles II. |
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Fred Roven and Emma Kennedy are some of The Web's Top Selling Real Estate Experts™
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