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"You Better Shop Around" - Black Enterprise - June 15, 2010

posted Jul 11, 2016, 3:23 PM by Anjuan Simmons   [ updated Jul 22, 2016, 8:54 AM ]
Some 92% of homebuyers finance their purchase with a mortgage, according to the National Association of Realtors. Yet only 8% of buyers started their house hunt with a call to a bank or mortgage lender. Sound backward? It is. But Houston homeowners Anjuan and Aneika Simmons did it the right way. When the Simmonses started searching for a home, they examined their finances to determine how much they could afford to spend. “We went online and used different sites that had tools and calculators to help you decide whether you want a fixed- or variable-rate mortgage,” says Anjuan. “Then, we did the math on how much of our income we wanted to spend on our mortgage [payment].”

Tara-Nicholle Nelson
Black Enterprise