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Welcome To My Website, I Am Tamiann Adams With The Virtual Realty Group
Member Of The Greenville, South Carolina Realtor Association.
I look forward to becoming your Personal Agent For All Your Real Estate Needs

Are You As The Buyer Qualified?

Follow these steps to determine  your financial status before signing the contract.

  1. Have you been prequalified or preapproved for a mortgage? Buyers  who are will be in a much better position to obtain a mortgage promptly.
  1. Do you have enough money to make a downpayment and cover closing costs? Ideally, a buyer should have 20 percent of the home’s price as a downpayment and between 2 and 7 percent of the price to cover closing costs.
  1. Is your income sufficient to afford your home? Ideally, buyers should spend no more than 28 percent of total income to cover PITI (principal, interest, taxes, and insurance).
  1. Good credit? Have you reviewed and corrected your credit report?
  1. Too much debt? If a buyer owes a great deal on car payments, credit cards, etc., the buyer may not qualify for a mortgage.

Monthly Mortgage Payments