mortgage loan: 4 Ways to Ensure Your Real Estate Offer Encounters Smooth Sailing
- 02/28/11 12:04 AM
As a home buyer, you want your offer to be accepted and your real estate contract to close on schedule. However, in today's housing climate, you should expect some negotiation, and submit your offer with the following advice in mind: 1. The financing contingency in your offer will state your mortgage loan total and anticipated interest rate and approval date. Strongly consider locking in that rate with the lender, as interest rates are still very low, and you'll avoid any future fluctuations in the market. 2. Reserve funds now for your settlement costs at closing. Anticipate anywhere from 2% to 6% … (0 comments)
mortgage loan: How to Lower Your Mortgage Interest Rates with a Higher Credit Score
- 12/06/10 12:03 PM
Lenders are an increasingly difficult crowd to please, so if you’re looking for the best deal on a home mortgage loan, you need to find a way to improve your credit score. Lenders use that number to determine your risk of default, and it may be the single most important factor in your loan application. Credit scores range anywhere from a very risky 300 to a perfect 850. You’ll need a 750 today to get terms a 700 would have gotten you two years ago. Begin with a $16 investment at myfico.com, where your three reports from Experian, Equifax and TransUnion … (0 comments)
As a home buyer, you want your offer to be accepted and your real estate contract to close on schedule. However, in today's housing climate, you should expect some negotiation, and submit your offer with the following advice in mind:
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