mortgages: 1st Step In Home Buying Process - Pre-Approval!
- 04/14/20 08:53 AM
In today's world it's so easy for homebuyer's to search for homes online - virtual tours, a lot of interior pics, google earth for those neighborhood views. It's great to have an informed buyer that knows what type of home they want, can pinpoint the neighborhood and sometimes even the exact home they want to look at and possibly put an offer on. It's exciting having all this information at a touch of a mouse but the most important information can sometimes be overlooked by the most saavy buyer - 1. How much can I afford and how much of mortgage … (3 comments)
mortgages: Why Should You Trust Your Agent's Recommendation For A Lender
- 10/23/15 02:42 AM
It takes a "team" to get you to the closing table when you purchase a home. So when your real estate broker/agent recommends somone from their "preferred" vendor list there is a reason. My company policy is to send my "buyer's and seller's that become "buyers" a list of "preferred vendors" that have been used by other buyer/seller's in previous transactions successfully.
These "preferred vendors" have been "pre-driven" for you by other buyers/sellers in their transactions successfully. They are not someone off the "internet" or a "list" but actual people have recently used them on a successful home transaction whether its a … (2 comments)
mortgages: Facing Reality in Today's Real Estate Market
- 02/23/14 03:10 AM
As both buyer's and sellers start thinking of joining the Spring Market, take a few minutes to analyze Reality vs. Fiction in today's changed real estate market. Buyers After pre-approval the hardest process is narrowing down your choices now that you actually know what your actual budget is. At times we have to come to the realization - i.e. Reality, that our dream home is not within our current budget. So how does a buyer - even one that has owned before - come to terms with those choices? The following are a few questions to ask yourself? Location Issues Are … (0 comments)
mortgages: What a Difference a Year Makes for Short Sale Sellers
- 01/04/14 08:45 AM
Did you sell your home in a short sale in the last couple of years in the western suburbs of Chicago? Are you renting now but looking at an upcoming rental increase? Do you wish you could buy another home soon....perhaps this year!
Well, I have good news for you! In August of 2013, FHA announced that they have a new loan product that would take care of those sellers that sold their homes in a short sale or foreclosure situation due to economic or other extenuating circumstance. Youd might be eligible to buy after only a year from your … (1 comments)
mortgages: Loan Modifications - Do It Yourself? or Seek Professional Help?
- 03/29/10 10:30 AM
Lenders are ramping their numbers and approving loan modifications more often now. Whether they are using the HAMP guidelines or their own guidelines homeowners have more options than before. The question is...should you do it yourself or hire a professional to do it? Ask yourself how comfortable you were when you went and applied for your mortgage? Did you understand all the terms used. Are you comfortable with rate?, different products, principal and interest. Do you know the difference between a servicer and and investor? Do you know who owns your loan? How much time do you have to devote to … (2 comments)
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Evelyn Santiago, Managing Broker Heart Realty Group, Inc.
In today's world it's so easy for homebuyer's to search for homes online - virtual tours, a lot of interior pics, google earth for those neighborhood views. It's great to have an informed buyer that knows what type of home they want, can pinpoint the neighborhood and sometimes even the exact home they want to look at and possibly put an offer on. It's exciting having all this information at a touch of a mouse but the most important information can sometimes be overlooked by the most saavy buyer - 1. How much can I afford and how much of mortgage … (3 comments)
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