Gateway Funding Offers Tips to Consider When Buying Your Dream Home

Is it possible to hate the very Dream Home that you always wished to buy? Yes! You’ve spent your time, money and energy on your dream home, just to realize in a few months that your dreams were after all a nightmare in disguise. So what went wrong? Read on to learn more, as Gateway Funding Diversified Mortgage Services, LP discusses the things that you need to consider before buying a house.

“Buying your ‘Dream Home’ is often an emotional decision for almost every one of us. While the emotional aspect of the choice cannot be denied, decisions based entirely on emotions aren’t always positive. When looking for homes, it is important to consider aspects such as repairs and maintenance, schools, taxes, commuting to and from your workplace, neighborhood etc. If any of these factors conflict with what you were hoping for, there is a large likelihood of a strain on your budget and your happiness” says Dan Catinella of Gateway Funding Inc. Gateway Funding Diversified Mortgage Services, has been involved in helping people with mortgages, refinance etc. and is the largest privately held mortgage lender in the US.

“Aesthetics are important, but not beyond practical convenience” he adds. According to him, rather than paying absolute attention on the right color choice and deciding of the kind of flooring, pay attention to the practical problems at hand. Is there a school in the neighborhood? If so how much time does it take to travel to the school .Are there kids in the neighborhood that are the same age as your children? How long does it take to travel to your workplace? A beautiful home but far away from your workplace, only means that you have to spend more time and money on commuting. Consider the amount of gas that you would need to spend on your car and then there’s maintenance as well.

Buying an old home may be a cheaper option but have you factored in, the maintenance costs? Have you always wanted a home with a pool and a garden? Have you considered the cost of pool maintenance and what about the garden maintenance costs? A larger home has a higher cost of heating, cooling, carpeting, etc. Also remember the neighborhood; the value of your home is bound to increase or decrease with the value in the neighborhood. These costs when added to the monthly payments towards the home loan, is sure to cause a huge strain on your budget if you are not careful.

“At Gateway funding, we help people to decide on the appropriate product, that’s best suited for their financial situation, so that they don’t have problems with their home loans. You can always discuss with our mortgage specialists on the products and services that are best suited for them” he adds.

To know more on the products and services offered by Gateway Funding, visit, http://www.gateway-funding.com/