Money, Money, Money

Everyone says location, location, location is the key to real estate, but most home buyers know the issue is money, money, money. Specifically, you need money to buy the home of your dreams. This often comes in the form of financing. Finance is another word for confusion. It can be easy to get lost in the maze of finance and lose perspective. The first thing to remember is that even a quarter of a point of interest on your loan will add up to tens of thousands of dollars over time. Try to nail down a low interest rate. The second thing to remember is financing is not automatic just because you have good credit. Try to get preapproved so you don't have to deal with it. Third, shop around. Lenders offer very different deals, so don't be lazy and cost yourself $100,000 in excess interest payments.