A pre-approved mortgage helps you get the best deal on a home, because it is similar to presenting a cash offer. The seller knows for certain that you will qualify and can follow through and buy the home. Here are the first steps to pre-approval: Call ...
Monthly Archives: September 2009
Choosing The Right Realtor
A Realtor that helps you buy a house is called a buyer’s agent. The list could possibly be longer, but here are three important reasons to hire a buyer's agent: A buyer’s agent won’t cost you a dime! In most cases, the home seller pays the commission for your agent. So you don't pay anything to have ...
Mortgage Loan Types: What’s Right For Me?
Choosing the right mortgage loan can be daunting. Even for those who have bought and sold several homes over their lifetime, typically the time between financing a home is long, and each time the prospective buyer is left scratching their heads, asking, which type of loan is best for me? This short video explains the ...
Points vs. No Closing Cost Loans
When being presented with standard closing costs, it is fairly easy to compare loan options. But, what happens when you enter the dark world of lender jargon and consider no closing cost, or lender-paid closing cost loans, or *gasp* you consider paying points. This video should be useful to decipher that underworld, jargon-filled land of ...
First Time Home Buyer Affordability High
I gave a first time home buyer seminar in Gwinnett County last week, and one of the stats that got the most attention was the fact that home affordability is at all-time highs - making right now the optimal time to buy a home anywhere around metro Atlanta, but primarily optimal for first time home ...
Steps to Readying the Purchase of Your First Home
The first thing you should do is make sure you are financially ready to buy a house. I recommend that you prepare by having paid off all credit card debt, and have 3-6 months of reserves, after you have come up with your down payment. Explore the answers to these three questions, to ...