secret of buying a home: TOP 10 MISTAKES HOME BUYERS MAKE! Part 1
- 10/15/14 04:44 AM
The home buying process can be an exciting endeavor or one fraught with problems. There are so many steps in the process, from search to close, that mistakes and omissions are bound to happen. But, you can work with a buyer's agent that will guide you carefully through the landmines and help you avoid many of the unpleasant and costly surprises in your home search. Here's Part 1 of the Top 10 Mistakes Home Buyers Make: 1. Not Being Pre-Approved for Financing Going home shopping without a loan pre-approval is like going to the store without your wallet. It's just a waste of … (3 comments)
secret of buying a home: SECRETS OF BUYING A HOME: #1...Your Pre-Approval May Be Worthless!
- 09/24/14 10:50 PM
You visited your local bank, got your pre-approval and are ready to go shopping for a home. Not so fast! That pre-approval may be worthless. During the past few years we have seen more financing fall through, AFTER a contract is in place, than ever before. It's frustrating, not to mention embarrasing, for both the buyer and agent. All Pre-Approvals Are NOT Created Equal! Although all pre-approvals are NOT equal, your loan is actually processed and underwritten through the SAME national, automated underwriting systems. Fannie Mae’s DU/DO (Desktop Underwriter/Desktop Originator), and Freddie Mac’s LP (Loan Prospector), are utilized by the entire industry to automate the loan … (3 comments)
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