Wisconsin Home Buying
The Wisconsin home buying market is hot thanks to an influx of new home communities sprouting up state-wide and an increase in existing home inventory. Brookstone Homes are building new neighborhoods in areas such as Madison, Hartford and West Bend. Bielinski Homes are building single family homes and condominiums in areas like Milwaukee, Mukwonago and Waukeska. Real estate investing and home purchase opportunities abound within the existing and distressed home market.
Before signing a home purchase contract, buyers should consult with their local mortgage lender or mortgage broker to review the necessary documentation. Borrowers should know how much house they can afford and their credit score in addition to being able to produce proof of income, debt and asset paperwork. Borrowers can use mortgage calculators or a home purchase calculator to determine home mortgage affordability. Existing Wisconsin home owners interested in mortgage refinance or home equity loans must go through the same process as first mortgage borrowers.