If you are looking at more than a few houses in a day, the special features can get blurred together. This worksheet can assist your memory and keep home features distinct.
TIP: You don't have to fill out a worksheet for every house you see, just the ones you are seriously considering. Use our printable House Hunting Worksheet (pdf format) for the houses you are considering.
Get a mortgage that will allow you to make large lump-sum contributions and increase your monthly payments if you decide to pay down your debt faster.
Increase your mortgage payment annually to the most you can afford.
Make accelerated bi-weekly payments to get a "free" principal reduction equivalent to one full mortgage payment every year - painlessly.
The average mortgage must be paid off in 25 years. By selecting a shorter amortization period you can cut years off your mortgage.
Get a portable mortgage. This means you can transfer your mortgage to your new home and combine it with a new loan, if necessary without penalty.
Get an assumable mortgage. That would allow you to leave your mortgage behind (without penalty) for another qualified buyer instead of breaking it.
Regardless of how certain you are that you will get mortgage, it is always good idea to get pre-approved."