How to Buy The Home You Always Wanted Without All The Money You Thought You Needed!

How to Buy The Home You Always Wanted Without All The Money You Thought You Needed!

Buying a home can seem like a frightening prospect. Whether it's your first home or your fifth, so much is at stake- your savings, your credit rating, your financial freedom- it's difficult to find the courage to sign on the dotted line, even if you want that home very, very badly.
How do you determine whether or not the purchase of a home makes sense?
What's the easiest way to examine the whole picture from emotions to economics?

I suggest that you read this report on the seven steps for success. This e-mail has steps 1-3 and a follow up e-mail will describe steps 6 and 7 in the seven steps for success. By reading these e-mail reports, you will learn how to separate whims from true needs. You'll discover how to prepare a game plan for your real estate venture, how to research effectively, choose wisely, finance appropriately, and survive the whole procedure with your smile intact.

By the time you've done your homework and completed the suggestions in this report, you will have an excellent overview of how to find and buy your dream home. And you'll have plenty of confidence to back up your decision to buy that special home, too.

SEVEN STEPS FOR SUCCESS TO BUYING A HOME

Step One:
Establish Your Needs And Wants
Begin your search for the perfect home by making a careful assessment of the kind of home you need and want. I recommend that you do this in writing. So take some time, right now, be as specific as you can about your particular requirements.

Step Two:
Determine How Much You Can Afford.
Set up a budget for yourself. Decide how much you can really afford to invest monthly for your house payment. Be realistic here. Most lenders want your payment (including taxes) to be no more than 32% of your total monthly income.

Step Three:
Get Pre-Qualified Or Pre-Approved
You can save yourself a lot of time and heartache by meeting with a lender before you start your search for a home.
A lender can let you know what specific loan programs would be best for you. They can also help you understand what it takes to qualify for the loan that you want.
By taking a look at your financial situation and looking at your credit history, a lender can usually give you a good idea if you can qualify for the loan that you want.
Many lenders call this "Pre-Qualifying A Buyer". If you would like to be certain that you can be approved for a loan, you may want to ask to be pre-approved. In the approval process, all of you documentation is completed and submitted to an underwriter.
The pre-approval that you will get back is an actual loan commitment from a lender. This means that you definitely qualify for a loan. The next step is finding a home that also qualifies for the loan.

**These are the first 3 steps in the seven steps for success. In a few days we will send you the last of the seven steps.

To find out how much home you qualify for
click here

Tell Me What You Think

I'd love to hear what you think of this issue of "NAPD Mortgage Tips". And of course, if you have any suggestions for up coming issues that you'd like to share with me please send those, too!
Just e-mail me at:
mark@notapennydown.com

Sincerely,

Mark Fidgett
"Your Mortgage Specialist....For Life!"

PS - Please don't forget, the life blood of my business is your referrals. Who do you know that is in need of a great lender! Please give me a call. As always, I promise to deliver such great service that your clients will thank YOU for referring them to me.

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