Buying a house 101

By
Real Estate Agent with Florida Capital Realty BK629574

When buying a home, many people start with an idea of what, where and when they want to buy a home. They look at tv shows, search the internet or drive neighborhoods looking for their dream home.

This is great to get you motivated and dreaming, but when you are ready to really start, the # 1 place to start is finding out how much home you can afford and qualify for.

Start by gathering up the following items to give to your lender, bank or mortgage broker.
1. 2 months pay stubs for everyone applying for the loan.
2. 2 years tax returns for everyone applying for the loan.
3. 2 months bank statements for everyone applying for the loan.
4. An explanation letter for any unusual large deposits in the bank statements.
5. An explanation letter for any lapses in jobs.

Your lender, bank or mortgage broker can start with those and they may ask for other things depending on the type of loan you are getting.

SUPER IMPORTANT!!!!
Your credit will be checked at the beginning of the loan process and just before the closing. So you should refrain from buying any big ticket items or getting any new loans or credit cards. Many approved buyers have been rejected just before closing because they bought a new car, motor cycle or new furniture and their credit report showed it.

Now once you have been approved and know what your price limit is, your realtor can help you find the best properties that fit what you want.

If this helps let me know.

CarlosMartinezTheRealtor@gmail.com



Read more: http://www.realtystore.com/foreclosure-blog/buying-a-home-101-6148010#ixzz4HbHUIVlN

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Topic:
Home Buying
Location:
Florida Miami-Dade County
Tags:
house for sale
realtor
buying a home
miami
home for sale
buying a house
hialeah
miami lakes
foreclosure
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Rainmaker
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Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Welcome to Active Rain Carlos Martinez!

and congratulations on your first post! 

We like your writing style!

As REALTORS® who have been here for almost 10 years, it's well worth it!

We wish you great success with your blog posts and networking with other members of Active Rain!

We clicked the “Follow” button on your profile so that we will be alerted to your future blog posts and can read and comment on them, and we invite you to "follow us" - should you be interested - by clicking the “Follow” button you see underneath our photo to the left. There is no requirement or obligation for you to do so, but we would be honored if you choose to do so!

Being “Followed” by another member gains you 50 points, and following another member gains you 10 points.

 

More information on the Active Rain points system can be found at this post:

http://activerain.com/blogsview/4563477/the-activerain-point-system

 

This will tell you what activities in the ‘Rain earn points.

If you have a “Rainmaker” account, your blog posts will be visible to the public - a very 

good thing.  You will get the most “bang for your buck” if you “optimize” your blog posts. More information about how to optimize your blog posts can be found at this link:

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Once you reach 500,000 points you are entitled to a FREE Rainmaker account.

 

If you are currently paying for a Rainmaker account - then the sooner you reach the 500,000 point mark, the better for your wallet!

As we mentioned earlier, one of the best ways to get started is to read through blog posts and questions, identify members who you like to read, follow them, comment on their posts or respond to their questions, and post or ask questions yourself!

Two final links that may be of interest to you:

The Active Rain Leaderboard:

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We look foward to seeing your name in lights!

If you have any questions that we can help answer for you, please don’t hesitate to reach out to us - we’re always happy to be of help if we can!

 

Aug 17, 2016 12:53 AM #1
Rainer
14,479
Carlos Martinez
Florida Capital Realty - Miami, FL
Selling homes from Miami to Hialeah for 21 years.

Tony and Suzanne, thank you for following me. Yes absolutely I will follow you. This is my first real blog. I hope it's helpful to people.

Aug 17, 2016 07:32 AM #2
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Rainer
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Carlos Martinez

Selling homes from Miami to Hialeah for 21 years.
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