Me and my family is looking to purchase our 1st home in Conyers,Ga in 06/13.I was told we should start shopping around for a loan officer and

Asked by Quentisha Sears, Covington, GA Fri Aug 17, 2012

real estate agent now to start the ball rolling,Can anyone help?

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Michael Hamm…, Agent, Suwanee, GA
Tue Aug 28, 2012
When talking to anyone that wants to take your money for an approval, Quentisha, please condider the old saying...:Let the Buyer beware!
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Chuck Green, Agent, Norcross, GA
Sun Aug 19, 2012

Talking with a lender now to find out what your financial status looks like is a good idea....that way you can clear up any issues, if any, prior to making a purchase. You may be a little early for selecting a Realtor, but I would talk to family members and friends to see if they have any recommendations and what their personal experiences were with the Realtor they would refer to you.

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Pamela Shemet, Agent, Crystal River, FL
Fri Aug 17, 2012
Congratulations! The first step should be to contact your local lender to find out how much home you can afford.
Pamela Shemet , GRI, SFR, TRC
Broker Associate

Exit Realty Leaders
730 N Suncoast Blvd
Crystal River, FL 34429

Office #352-794-0888
Cell / Direct # 352-422-2939
Toll Free # 888-664-1951
Fax # 352-795-0282
0 votes
Brian White, Agent, Decatur, GA
Fri Aug 17, 2012
Yes you were informed correctly! Before you even start getting yourself excited about a particular home, (or even working with an agent for that matter) you should start talking to lenders. It is surprising how many people, once they talk to a lender, will find out things about their credit that they had no idea of. Many times you will find that you can qualify for much more house than you actually thought. Sometimes you will find things on your credit report which need to be cleared up before you can qualify. Any Realtor worth his salt will ask you to get pre-qualified as a first step. I recommend talking to local lenders who understand the Atlanta area market, and not just an online lender.
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Bruce Ailion, Agent, Marietta, GA
Fri Aug 17, 2012

Today in many price ranges you will be competing with investors making cash offers. The shortage in inventory and influx of investors from outside the metro are has caused investors to move to near retail pricing for homes. To be competitive you will need to cash or totally approved from a credit standpoint. For this reason, you need a very reliable lender. If you make an offer not contingent on financing you will lose your earnest money if you do not close.

Bruce Ailion,
RE/MAX Greater Atlanta
An Atlanta Real Estate Expert Serving Clients Since 1979
RE/MAX Hall of Fame – REALTOR Phoenix Award
Certified Residential Specialist
Certified Real Estate Broker
Accredited Buyers Agent
MS Real Estate and Urban Affairs
Certified Distressed Property Expert
Certified Investor Agent Specialist
Certified Internet Professional
203K Certified Specialist
2050 Roswell Road
Marietta GA 30062
404-978-2281 Direct
404-386-3682 Assistant Robin
678-760-6266 Buyer’s Agent Adam
770-973-9700 Office
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Fred Yancy, Agent, Woodstock, GA
Fri Aug 17, 2012
Here are 10 Ways You Can Prepare for Homeownership

1.Decide what you can afford. Generally, you can afford a home equal in value to between two and three times your gross income.

2.Develop your home wish list. Then, prioritize the features on your list.

3.Select where you want to live. Compile a list of three or four neighborhoods you’d like to live in, taking into account items such as schools, recreational facilities, area expansion plans, and safety.

4.Start saving. Do you have enough money saved to qualify for a mortgage and cover your down payment? Ideally, you should have 20 percent of the purchase price saved as a down payment. Also, don’t forget to factor in closing costs. Closing costs — including taxes, attorney’s fee, and transfer fees — average between 2 and 7 percent of the home price.

5.Get your credit in order. Obtain a copy of your credit report to make sure it is accurate and to correct any errors immediately. A credit report provides a history of your credit, bad debts, and any late payments.

6.Determine your mortgage qualifications. How large of mortgage do you qualify for? Also, explore different loan options — such as 30-year or 15-year fixed mortgages or ARMs — and decide what’s best for you.

7.Get preapproved. Organize all the documentation a lender will need to preapprove you for a loan. You might need W-2 forms, copies of at least one pay stub, account numbers, and copies of two to four months of bank or credit union statements.

8.Weigh other sources of help with a down payment. Do you qualify for any special mortgage or down payment assistance programs? Check with your state and local government on down payment assistance programs for first- time buyers. Or, if you have an IRA account, you can use the money you’ve saved to buy your fist home without paying a penalty for early withdrawal.

9.Calculate the costs of homeownership. This should include property taxes, insurance, maintenance and utilities, and association fees, if applicable.

10.Contact a professional real estate agent. Find an experienced professional who can help guide you through the process.

When you are ready to purchase your new home, feel free to give me a call. I can recommend very qualified lenders who will walk you through every step of the way.

Fred Yancy, Broker
Crye-Leike Realtors
(678) 799-4663
0 votes
The Juniper…, Agent, Roswell, GA
Fri Aug 17, 2012
Good Morning, I have experience working in that area and have a great loan officer also. Please let me know if you would like to talk.
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Michael Hamm…, Agent, Suwanee, GA
Fri Aug 17, 2012
You might consider talking to a loan officer first, Quentisha. Once you determine how much house you can afford, interview a few Agents to see with whom you would like to work. Please call, text, or email if we might help further. Good Luck!

Michael Hammond
0 votes
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