Meet with a Local Mortgage Banker to get prequalified for mortgage financing. The Mortgage Banker will review all facets of your loan request to answer your questions with regards to the types of loans and maximum loan amounts you could qualify for.
Get a referral to a good, local, real estate attorney. Call the attorney, retain the attorney so you have her information handy when you make an offer. Having that information at time of offer helps you demonstrate to the Seller how serious you are, and they will consider your offer with more interest.
Line up a Home Inspector. A good home inspector will scare the heck out of you: that's what you pay him for! But you'll concentrate on the fundamentals of the property: roof free of leaks, plumbing, heating and electrical up to code and in good working order. Again, when you make an offer and you have your Home Inspector ready to go, your offer will be considered with much more interest by a Seller because you truly have your "ducks in a row" and your preparation demonstrates your serious attitude about conducting the purchase transaction in a timely manner.
Find an experienced Local Realtor who works in your desired shopping area. A serious pro Realtor will refuse to show you homes until you are Prequalified for mortgage financing. Don't take offense! That Realtor doesn't want you to be disappointed and wants you to have a smooth experience as you shop for your new home.
Put together your Team of real estate professionals and shop 'til you drop!
PowerHouse Solutions, Inc.
1010 Northern Blvd. Suite 234
Great Neck NY 11021
Licensed Mortgage Banker â€“ NYS Dept. of Financial Services
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If you have problem to find one, you can call me and I'll point you in the right direction.
With 40% down you have many options including owner financing. The first step for you is to gather all the information you can find. Than choose the lender and experienced loan officer. The type of lender you choose is important. You will find information that will serve you well at Your-Road-Home.com. Read the articles in the numbered order and you will soon have an effective step by step process that will serve you well. And be sure to read about the MCC tax credit.
When you have gathered all the information you will find loan officers and real estate agents in your area offering their services on Trulia. A very good source.
This is a perfect time to buy. Best of Luck, Stephen
How likely are you to continue to pay your obligations, and,
The sources for your money to pay them.
If you have lots of money in investments and savings, you could get by, but they generally want you to have a job; a continuous influx of money.