WARNING: Home Loan Killers 1. Do not let anyone pull your credit except for loan officer. Your credit score can go down if they see multiple inquiries. 2. Do not make any major purchases. Wait until after you close on your home to buy a car, furniture, lawn mower, etc. 3. Do not charge on credit until you close on your home. 4. Don't spend all your cash. Save money for down payment, 3.5% on FHA Loans. 5. Don't put "unexplained money" in the bank. you can't borrow money for a down payment (only a gift) unusual deposits will cause red flags. 6. DON'T … (5 comments)
first time home buyer: Texas Buyer's Agent
- 04/04/11 05:53 PM
Your Texas Buyer's Agent , we will provide the Following Services: • A buyer's agent will match your needs with listed and unlisted homes available for sale. • A buyer's agent will represent your interest in home selection and price negotiation. • A buyer's agent will assist you in the loan process with your financial institution. • A buyer's agent will ensure contract contingencies are in place to protect your interests. • A buyer's agent will provide unbiased opinion of the homes under consideration. • A buyer's agent will represent your interest at closing.
A Buyer agent's fee is usually paid by the … (2 comments)
first time home buyer: Foreclosures, Short Sales and Auctions Oh My!
- 04/02/11 07:53 PM
A forclosured property is owned by the bank. There was a time when foreclosures needed too much work to be profitable. There are some foreclosures that are move in ready. They may need cleaning and a little paint but the foreclosures that I have seen lately do not need a lot of major repairs. There are more homes on the market than buyer's now so it is a buyer's market. Buyer's are able to purchase good homes at a lower price. Banks have a large amount of inventory they are trying to get rid of although sometimes it seems they should go … (1 comments)
first time home buyer: Options for Home Loans
- 04/01/11 07:48 AM
*Lower Credit Score Approvals- As of now, I can help buyers with credit scores as low as 500 get approved to purchase a home. You will need to put a down payment of 10%. *203k Loans- loans up to 110% of the appraised value for those houses that need some repairs. This is a good loan for Auction Bidding homes that need repair. *Builder Programs- allows buyers to lock their rate for up to 12 months! Gives buyers a peace of mind as well as help builders avoid turnover. This is a option some banks give that is good because … (0 comments)
Tip #1: Research Is The Key To Discovery Home sellers won't call you with an offer to buy a maintenance-free home with a wonderful mortgage. You have to find the gems yourself! Only by reading available materials, talking to friends and experts, and spending time looking at different homes, schools, and neighborhoods will you end up with your American dream. Avoid the nightmares by learning how best to buy and maintain a home.
Tip #2: Make A Plan And Get Pre-Qualified Every important decision needs to be clearly thought out. Developing a home buying plan can … (1 comments)
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