The best real estate deals will be ones that make sense for your lifestyle, and that also meet your budget, according to an article published in the New York Times Magazine.
The article, “The New York Post’s 30 Most Important Housing Deals That Will Save You Money” points out that you should consider your budget and what you can afford when you sign a mortgage contract.
The real estate agent will tell you about the home’s location and amenities, what the home might cost, how long the mortgage will last, and what the mortgage is worth.
For instance, the mortgage would be $1 million for a two-bedroom house.
The agent may also help you decide if the home is suitable for a first-time buyer, a student or a retiree.
This article has been updated to reflect that there are currently two mortgage contracts available on the New Yorkers Mortgage Center website.