Home Buying in Ocala>Question Details

ddd, Other/Just Looking in 34470

I am looking to move to Ocala, FL 34470 area, on the NE side some where in or around the NE 17th Street

Asked by ddd, 34470 Sat Apr 12, 2008

Circle address. Where would be the best place to search for a house and help on getting a loan?

Also, what is the difference between getting pre-appoved & pre-qualified??
What's your opinion on using a owner financing?

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Answers

5
Hello Pumpkin

I wanted to introduce myself and let you know a bit about the facility. We have 24-hour video surveillance, live in management, steel gate system, cylinder locks, A/C and None A/C, and much more. A 10X20 is going for only $69 per month and there is no deposit required on any unit. If you need storage I will give a 2nd months rent free. Thanks for you time and if you feel that we can help each other gain business I would like to speak with you.

Best Regards,
0 votes Thank Flag Link Mon Oct 20, 2008
Hello Pumpkin,

I am Realtor with Coldwell Banker Riverland Realty in Marion County, Florida. I'd would be happy to send some information on current house listings in the area you requested. I know a few different local Mortgage Brokers that could assist you with a loan. The difference between Pre-approval and Pre-qualified is as follows. Pre-qualified means that a Mortgage Broker has reviewed your financial information and believes he or she will be able to get you a loan up to a certain amount. Pre-approval occurs when the Mortgage Broker your working with reviews your financial information and also submits it to a lender who also reviews your information and issues a pre-approval letter. In both cases, however, you aren't actually approved for the loan until an appraisal is done on the house and a verbal employment verification is done on the day of closing. Banks have been known to change their minds on the day of closing if any red flags appear. Owner financing is always a good way to go if the owner will go along with it. You would still need to have your financial history reviewed, in order to satisfy the owner. In some cases, you would be looking at a higher down payment and higher interest rate. Both would depend on what terms the owner was willing to offer. I hope this answers your questions. I am a local expert in the Ocala area, and would be happy to assist you in anyway. Feel free to contact me at jfrasier74@aol.com or at 352-497-4130 anytime. I look foward to hearing from you.

Jim Frasier
Coldwell Banker Riverland Realty
0 votes Thank Flag Link Thu Jun 5, 2008
Pumpkin,
Please provide me your address. Do not send it on Trulia because everyone will have it. Send it to terry@marianschaffer.com.
I will do some research and make sure you start receiving MLS information on homes in your selected area. You will not receive unsolicited phone calls or things in the mail with out your approval. Also, give me your phone number so we can talk later after I research things for you.
Thanks!
Terry@marianschaffer.com
0 votes Thank Flag Link Sat Apr 12, 2008
Is this a primary move from PA. Yes
When would you like to move? Hubby retires the end of Dec, so end of Dec beginning of Jan of this year(08) .
Tell us what you are looking for (bedrooms, baths, etc.). I am looking for 3 bed 2 bed, 1000 or more sq ft. Willing to take a fix me upper as long as its livable, nothing more than 119,000. Must be in the walking distance to NE17th Street Cir. Must have central air.

We can than refer you to the right agent in the area based on YOUR requirements. Our referral and work is at no cost to you.
0 votes Thank Flag Link Sat Apr 12, 2008
Pumpkin,
Is this a primary move from PA. When would you like to move? Tell us what you are looking for (bedrooms, baths, etc.). We can than refer you to the right agent in the area based on YOUR requirements. Our referral and work is at no cost to you.

efinition

A home-financing technique in which buyer borrows from the seller instead of, or in addition to, a bank. Sometimes done when a buyer cannot qualify for a bank loan for the full amount. also called seller financing or purchase-money mortgage.

# A loan is “pre-approved” when a potential borrower has passed a preliminary credit screening. A pre-approval from a lender shows that a ...
http://www.abanet.org/rppt/public/realestate/glossary.html

# This term is misleading and does not mean that a consumer is guaranteed to receive the card for which s/he has applied or any card at all. It merely means that the consumer was chosen to receive the offer because s/he met some initial criteria of creditworthiness.
http://www.kimberlycredit.com/credit_card_terms.htm

# is when a person is approved by a lender for financing up to a certain amount before purchasing their property.
http://www.bestforeclosurelistings.com/

# The lender uses a set of criteria to identify consumers who are qualified to receive a particular credit card offer. Those consumers who meet the criteria requirements are considered “pre-approved”.
http://www.creditcard-selector.com/creditcardterms.html

# A credit card offer with "pre-approved" only means that a potential customer has passed a preliminary credit-information screening. A credit card company can reject the customers it invited with "pre-approved" junk mail if it doesn't like the applicant's credit rating.
http://www.ilw.com/life/relocation/Credit_Glossary.shtm

* Buyer has discussed their financial situation with a loan expert. No attempt has been made to verify the validity of any of the borrowers ...
http://www.lookformortgage.com/MortgageBasics/article_1500/

* A potential borrower is “pre-qualified” when a lender completes a cursory review of the potential borrower’s financial situation.
http://www.abanet.org/rppt/public/realestate/glossary.html

* is the first step in which the lender collects income, debts and repayment capability information from the borrower to determine the suitable type of loan.
http://www.mortgagebulletin.net/glossay.htm

* A lender informally determines the maximum amount an individual is eligible to borrow.
americanprosperitylending.com/glossary.html

Look forward to hearing from you.
Marian Schaffer
http://www.marianschafferealty.com
terry@marianschaffer.com
877-886-8388
0 votes Thank Flag Link Sat Apr 12, 2008
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