first time home buyers: *WARNING* Home Loan Killers - 04/24/11 04:52 PM


 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 buyers: 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 buyers: Helping with all Home Owning Questions - 03/30/11 05:14 PM
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first time home buyers: Considering Making a Move? - 03/30/11 04:29 PM
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first time home buyers: How Much Home You Can Afford - 03/30/11 03:55 PM
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first time home buyers: Why Buy Instead of Rent - 03/30/11 03:10 PM
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first time home buyers: Why you need a Pre-approval Letter - 03/30/11 02:50 PM
A Pre-approval Letter is important to have before you find a home.
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first time home buyers: How a real estate agent can help You! - 03/29/11 02:24 PM
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first time home buyers: Tips for First Time Buyers - 03/29/11 12:01 PM
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first time home buyers: For Your Protection get a Home Inspection - 03/29/11 11:23 AM
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Cheryl Brewer, Selling Homes since 1997 (Mike Bowman)

Cheryl Brewer

Selling Homes since 1997

Grapevine, TX

More about me…

Mike Bowman

Address: 4101 William D. Tate Grapevine TX, Arlington TX, North Richland Hills, TX, 76180

Office: 817 328-2513

Mobile: 817 217-0005

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