DO NOT BUY A CAR if you are Buying a Home in NJ

DO NOT BUY A CAR if you are Buying a Home in NJ

Thinking about Selling your Home? Your Home may be worth WAY more than you think? For an instant home valuation visit www.centralnjhousevalues.com Thinking about Buying a Home? Search for NJMLS Homes at www.centralnjhomesforsale.com

Buying a home with a Mortgage? Are you buying a Home in NJ and getting a mortgage? Well once you have decided to buy a home in NJ there are certain things you should know and may not have been mentioned to you. First things first though. Find a Realtor (thehomeshoppegroup.com)

Work With a Realtor When buying a home it is essential that you work with a trained, professional realtor that you feel comfortable with and is experienced. Since the seller pays the commission, so this is a huge plus for the buyer. Your Realtor should be able to answer all your questions about buying a home in NJ. They also should be constantly looking for homes for you. To search on your own in central NJ visit http://www.centralnjhomesforsale.com

Getting Pre Approved/Qualified for a Mortgage Before you begin looking for homes, it is strongly recommended that you get yourself pre qualified by a lender (mortgage broker or bank). You will get prequalified for a mortgage by providing your information (over the phone at first, may take only 10 to 15 minutes) that will then calculate what you can afford in a monthly and determine how much your purchase price can be up to. (For a list of professionals that can do this visit http://thehomeshoppegroup.com/about-us and fill out the contact us section.

You found your Dream home When buying a home in NJ the contract of sale is written by the Realtor and negotiated back and forth until a deal comes together or does not. Once both the buyer and seller agree, both parties sign the contract and once Attorney Review period is complete you now have a contract.

You now apply for your Mortgage (if you have not done so) The mortgage broker or bank will ask for a lot and documents and begin processing the loan. They will continue to ask for documentation. Keep on top of your mortgage company to get all the necessary paperwork to them to make sure your loan is on track. Now your loan can take 30 day, 60 days etc. While you loan is being processed DO NOT BUY A CAR. I repeat do not buy a car, or boat, or big screen TV or ATV or an island!! The mortgage company is looking at your credit rating and ratios throughout the whole process and purchasing anything can change one or both of these and can cause your loan to be denied. When buying a home in NJ at some point the mortgage company will send you a list of conditions to be met and send you a Commitment. Do not BUY a CAR etc before your loan closes. You may hear all is done and clear to close we are closing tomorrow, do not take the chance. I have seen loans denied at the last moment. Just some words of advice. Once you close, enjoy your new home.

So in conclusion when buying a home in NJ DO NOT BUY A CAR, it may not be a lemon but may be worse!

This is general information about buying a home in NJ and the buying process. We are not attorneys and this is not legal advice. If you would like additional information and more details please email us at homeshoppeconsulting@gmail.com or call 732-927-1515

For more detailed information about this post Call the Home Shoppe Group . For more information about Monmouth Real Estate homes or more NJMLS Listings in NJ or Jersey Shore Real Estate click on those links. The Home Shoppe Group is a Real Estate business with a team of knowledgeable professionals specializing in every component of a real estate transaction.

Whether you are Buying or Selling a Home In Central NJ or the Jersey Shore we can help. We cover all of Central New Jersey with an emphasis on Jersey Shore Real Estate. Call 732-927-1515 or email homeshoppeconsulting@gmail.com