b'S P O N S O R P R O F I L ESix Questions Every Home Buyer Should AskThe process of buying a home is often considered one of the toughest things you will ever do. Generally, a home is the largest asset and liability you will have so caution and planning should be first and foremost in your mind as you start on the path to home ownership. There are six questions you should ask yourself to ensure your home buying process is as smooth and enjoyable as possible. Take time to thoroughly answer these questions to ensure that you and your family have the smart mortgage solution.1: How much can I afford to buy? There are many factors to consider. How much you can afford depends on your income, outstanding obligations, downpreferences and stay within your pre- 6: Whats Next?payment, interest rate, and future plans. approval budget. Your real estate agentBe sure to keep all documentation can also help you negotiate and write afrom your loan closing. You may need 2: What type of loan should I get? contract for delivery to a potential seller.some of this documentation for future There are several loan choicesIf you have time to do your own researchtax returns or other reasons for the next available so check with your mortgageyou can look at several online sources,several years. The most important thing professional to review all of your options.newspapers or even cable television.now is just to enjoy your new home! Plus, once you qualify and receive yourThe important thing to remember is to do pre-approval, you can shop for youryour research with the help of qualifiedORNL Federal Credit Union has an dream home with confidence! mortgage professionals and real estateexperienced and well-trained staff agents and buy when you are ready. of mortgage professionals that can 3: Where do I want to live? help you find the right loan and even Every prospective home-buyer should5: Have I forgotten anything before the right real estate agent to fit your consider things such as commuteI close? needs. Contact your local ORNL time, taxes, schools, parks and otherSome things that you will need toFederal Credit Union branch or visit amenities that may be available inconsider will be home inspections, homeornlfcu.com for all of the expertise different communities. warranties, utilities, moving expenses,and tools you need to get you on and even future lawn care. Have youyour way to home ownership!4: How can I research all of the homesanswered all of your questions before on the market? you are ready to close? Dont let yourself Choose a local real estate agent whobe rushed and dont move forward until can narrow down your choices to fit youryou are comfortable with everything. 8 ONLY TRUST HBAGK MEMBERS www.hbaknoxville.com 9'