Released on = April 19, 2006, 12:47 pm

Press Release Author = All Mortgage News

Industry = Real Estate

Press Release Summary = It\'s springtime again. Easter has just passed, the snow has
melted, the sun is shining; now it\'s time to take adavantage of the season and go
house hunting. At least for many, this is the case. But before you go, take these
3 Home Buying Tips with you.

Press Release Body =
3 Helpful Tips for the Springtime Home Buying Season

SANTA CLARA, CA - There are many steps that potential home buyers must go through
before they make their big decision on which home to buy. Furthermore, the process
of finding a mortgage loan can be an even more arduous task. Below are three tips
on what to do before you take the big plunge into home ownership.

Pay off other debts first:

Many home buyers are so consumed with the process and prospect of purchasing a new
home that they forget about the debt that they already carry on their credit cards
and other loans. These other debts often carry significantly high interest rates
and should probably be taken care of before the borrower takes on the large debt
that a mortgage will present. Pay off your other debts before you get deep into the
home buying process, even if it means that you will pay less on your down payment.

Use the Internet:

The Web is a great place to start when looking for a home. Not only can you look at
homes from the comfort of your current abode, but you can also get helpful
information on the neighborhood that your home-of-interest is located in. Certain
sites will be able to tell you what kind of economic class your potential neighbors
are in, as well as the quality of education, crime rates, and other important
tidbits of information. You can also see how much homes in your area of interest
were sold for recently.

Determine how much you can afford:

The rule of thumb that most home buyers go by is that your annual mortgage payments
along with the taxes and homeowner's insurance should not be more than 28% of your
gross annual income. Of course, you should also make sure that you have enough for
a down payment as well as for closing costs, which can be up to 5% of the home's
value.

Now replace those heavy coats, mittens, winter caps and boots with shorts, shades,
sandles and a hawaiian shirt and let the house hunting season begin!

For more Mortgage Loan and Real Estate tips and information, please visit us at
http://www.allmortgagenews.com

Happy Hunting!

Web Site = http://www.allmortgagenews.com

Contact Details = Jason Hahn
2784 Homestead Road
Santa Clara , 95051
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650-555-1122
contact@allmortgagenews.com
http://www.allmortgagenews.com