Going shopping for a Home. It may seem backwards to shop for a mortgage before you shop for the house, but there are several reasons for doing this. Shopping for a mortgage will also help if you can get “pre-approved” for the amount you’d like to borrow. This means the lender has looked over your credit and financial statement and agreed to lend you the money. Sellers like pre-approved buyers because there’s less risk the deal won’t go through. First, you’ll find out how much you can borrow, which has a lot to do with how much house you can buy.
Whether you’re, buying, building or Re-Financing your dream home, you have a lot riding on your decision. Market conditions and mortgage programs change frequently, and I welcome the opportunity to serve your needs with quick and accurate real estate financing advice. I have the expertise and knowledge to help you determine the absolute best loan program to meet your objectives. Get my top 25 Questions for FREE that you should be asking your lender before you choose them to secure a mortgage. If you are already working with a lender, don’t be shy to give me call so I can price the same mortgage for you with less cost. What do you have to loose but your money?
Ensuring that you make the right choice for you and your family is my ultimate goal. And I am committed to providing my customers with mortgage services that exceed their expectations.. As always, you may contact me anytime by phone, fax or email for personalized service and expert advice.
I look forward to working with you!
16800 N. Dallas Pkwy, Suite 290 | Dallas, TX 75248
Office: 972-646-2411 | Cell: 214-418-7022 | Fax: 214-614-4637
Bank of England /dba ENG Lending: NMLS# 418481... more
I'm not sure what program your friend is referring to. A couple of years ago, there were more home purchase assistance programs available to first-time home buyers. Now, there aren't so many programs. With the strength of today seller's market, those needing assistance are out-competed by cash buyers or those with 20-50% down in cash.... more
Very good question. First off some slight good news for first time buyer or buyers as a whole. Investors are still out there but are beginning to dwindle down a tad due to the rise in home prices here in So. Cal. Now one idea is to chase FSBO's, for sale by owners, for that is a market that is beginning to grow out there inventory wise. A second idea is to meet the homeowner(s) while previewing the home so that you can try to make a connection or bond with them. And if you have children this can be a major plus for the owners will see a family who more then likely, if they sell to you, will love the home they are selling as much as they did while living there. My only other tip is not to give up on finding your home for when you do it allows someone else to buy the home you may have purchased but you quit. Final note: Spring time is traditionally one of the busier times of the year when sellers start to list their home plus with the positive price increases on homes over the past year this will pull those homeowners who were on the fence down to the ground to list their home.... more
Yes. Just be prepared that the lender was referred by the REALTOR so they most likely will let them know you are working with somebody else. Might want to talk to the old REALTOR first before making the switch. Just a good courtesy.... more
There are different ways to go your options will be better known after you get pre approved. To get approved you have to get credit ran to determine fico score, liabilities, consumer debt, credit lines, etc. See how much money you have to work with towards down payment and closing cost. Average your last 2 years income and figure out your debt ratiios present and proposed. At that point a better picture can be put together, Some options are fha has low interest rates yet the is mortgage insurance and upfront mortgage insurance attached with those loans. Then there is conventional loans in which you put 20% down you would not have mortgage insurance which is a great savings. Yet not all buyers can afford to go that route or qualify. Another interesting thing besides take the risk of an adjustable rate mortgage is to go with a conventional loan and see how much it would be to buy out the mortgage insurance or take a higher rate from lender to help pay for the mortgage insurance with lender credit. Not all lenders offer mortgage credit to help pay for things like mortgage insurance or closing costs. Fico score loan to value and other items come into play so a deeper individual analysis is needed to better assist you. I would appreciate to speak with you more in depth if you reach out to me. I am both a reaItor and loan officer with much info to share. I hope this was helpful.
NMLS Lic#268502... more
Are you pre-approved and have a lender and agent? It only takes a few dozen questions to qualify you in minutes and go over your options and costs. It all depends on if you utilize premium financing to cover some closing costs. You can buy with minimum out of pocket expenses.
I specialize in Under 640 Fico Score Loans and offer credit repair at no cost to raise fico scores to qualify. Here are some links to study and consider that I offer.
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
20+ Years Experience
9am till 9pm 7 days
You need to communicate with your lender. Tell your lender that you have questions that have not been answered.
If you cannot get your questions answered, then tell him that you to work with another lender.
I can refer a good VA lender to you if needed.... more
Long run, you would have more equity build up in a SFR (Single Family Residence). But would have to carry the burden of having the mortgage payment on it, though at a good interest rate due to your 50% downpayment. Plus you would not have to ever worry about an HOA.
On the other hand. You could cash flow starting now, and build up an immediate income with a Condo.
Feel free to call me in order to further discuss these and other ideas...
818-731-4095 cell... more
Yes, that's very feasible. You won't pay any commission as a buyer -- that's paid for by the seller. When you decide to rent it out, the typical fee for property management is 7 percent.
You'll want to consider potential rents when determining whether a particular property will make sense to convert to a rental property. We can help you compare sales prices as well as evaluate future rental potential.
Please feel free to call or email if you'd like to discuss your plans in more detail. I can be reached at 562-896-2456 or Info@ShowMeHome.com.
Keller Williams Realty... more