Are you looking to buy your first home, Loft ?
Here's a few things to know about buying a Loft condo in Greater Miami and the Beaches.

My services are always free to buyers.
.... ......Foreign Buyers? Click HERE for useful information on how to purchase a loft in the US.

Talk to a mortgage broker now. He or she will help you figure out the maximum price that you can afford a Hard Loft or soft Loft development in Miami area. You can also use my should I buy or rent calculator. However, don't start making mortgage applications all over the place, as it will show up in your credit report. Banks like to see your credit report have a modest amount of credit inquiries.

In order to buy a Loft condos or Loft pre construction, you'll need to have a certain amount of available cash to help pay for a down payment, closing costs, and other expenses. Here's a rough idea of the cash that you will need:

::	Tips for First Time Buyers (Hard Lofts and Soft Lofts)
	10-20% of the purchase price of the home as a down payment. 20% is preferred, and you will find that banks will love you! It may also help you get a lower interest rate.
	About 2% of your mortgage (loan) amount as closing costs
	2 months worth of living expenses to remain in the bank (the bank will want you to have some left over cash for emergencies.)
	You should have good to excellent credit to qualify for a mortgage. If your credit is poor, you may have a hard time finding a bank or mortgage company that will offer you a mortgage.
	If you have never bought real estate before, you can take money out of your IRA without a penalty! Check with the IRS for more information.
	As a homeowner, the interest you pay on your mortgage interest and real estate taxes is tax deductible. If you set up your W-4 forms properly with your employer, you can start to see more cash in each paycheck as a direct result of having additional deductions. How much extra? Well, as a general rule of thumb, add your mortgage payment to your monthly real estate tax payment and multiply by your IRS tax rate. That's a rough idea of how much extra cash you will see.

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