Buying a Home in Nashville

BUYING ADVANTAGES

1. Building Equity

2. Appreciation Potential

3. Stable Monthly Payments

4. Tax Benefits

5. Personalization and Freedom

6. Long-Term Financial Security

7. Sense of Community

8. Protection Against Inflation

9. Potential Rental Income

10. Pride of Ownership

In Nashville's growing market, these advantages can be particularly pronounced, making homeownership an appealing option for many.

WHAT'S MY BUDGET?

DOWN PAYMENT
Down payments are customarily between 3.5% and 20%, depending on several factors. Credit, hometype, etc.

MONTHLY PAYMENT
You should use the 25% rule. Your mortgage payment should not exceed 25% of your monthly income. This includes the principal, the interest, the insurance, and the taxes.

CLOSING COSTS
Closing costs run between 2% and 5% of the mortgage. Sometimes, these fees can be included in your monthly payment. However, if they are not, you will have to pay these fees out of pocket.

NEW CONSTRUCTION

Lorraine has worked in new construction for over 20 years. Her expertise will help you navigate and take full advantage of every angle possible.

Remember, the realtor working for the builder is doing their best to maximize the builder's interest. Our special knowledge can even out the playing field.