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Why Its Important to Get Pre-ApprovedJohn Carle & Sharon Gregresh Having a pre-approved mortgage will give you the confidence of knowing exactly what you can spend on a home before you start looking. You will also be protected against interest rate increases while you look for your new home. Your Mortgage Specialist will answer your questions and help you determine which financing terms and options are right for you. Your Mortgage Specialist and Real Estate Professional work as a team to help you find the right home and select the best financing. Finalizing Your Mortgage Once youve found the home you want to purchase, there are some documents youll probably be asked for in order to finalize your financing. They will include: 1. A copy of the real estate listing of the property. If the home is still to be built, the mortgage lender will need to see the architects or builders plans and details on lot size and location. 2. A copy of the offer to purchase or the building contract, if this document has been prepared. 3. Documents to confirm employment, income and source of pre-approval. If you have a pre-approved mortgage, its a simple matter of finalizing a few details which your Mortgage Specialist will explain to you.
| | | | RELATED ARTICLES Are Homeowners Due A Refund According to U.S. Government Auditors more that 45% of all home mortgages and 75% of home equity loans contain miscalculations or errors in favor of the lender. These errors are costing homeowners to be overcharged billions of dollars per year, and with the number of home mortgages being refinanced because of low interest rates, the figures can only increase. What Type of Loan Do You Need There are many types of loans available to consumers. There is no shortage of people willing to lend money to qualified individuals. It is a matter of knowing what you need and what is available to you. Student loans, personal loans, auto loans- all types to offer to you. In order to get the best loan that fits your needs, You can find this information by contacting lenders, or researching online. Should You Get A Blog A blog is a type of website. It allows the website owner to easily write messages that get posted to the site automatically, often in a journal or diary-like style. A particularly appealing thing about blogs is that your readers can comment back to your posts fairly easily, and a continuous stream of fresh conversations result. This is a good thing. Eliminate Debt Fast! How would you like to be debt free in only a few years, including zero mortgage debts! Sounds too good to be true Well check out this easy debt elimination plan from www.nodebtever.com - the plan the Banks DONT want you to know about! First off, you need to do a little groundwork. Those debts took some time to build, so getting rid of them involves a little concentration. Triple Your Profits Easily With The Right "USP" Convinced you have a fantastic idea for your online business and cant understand why youre not making a big profit yet Getting Pre-Approved for a Home Loan Is One of the Best Ways to Get a Leg Up on the Competition When Shopping for a Home The real estate market is soaring because of low interest rates that have brought home buying to average Americans.All over the country, more renters are buying and homeowners are upgrading their properties.In this hot seller’s market, a pre-approval letter from your mortgage lender can help you secure a winning bid on the home of your dreams. Secrets & Benefits of Secured Loans Borrowing money has become more and more popular in the UK over recent years, and this is partly due to the fact that it has become far easier to borrow money. The rising popularity of consumer finance has also been aided by the wide variety of deals and the low interest rates available these days. Secured loans have become very popular with those that own property, and this type of finance deal offers affordability and excellent value for money. Secured loans are available from a wide pool of lenders, which means that consumers have plenty of choice when it comes to selecting and applying for secure loans. Understanding Real Estate Terminology Purchasing a home can be a complicated and confusing process, especially for first-time buyers.Throughout the process, first-time home buyers will encounter a variety of unfamiliar real state terms. There are several key terms associates with purchasing real estate that are helpful to learn. Lifes True ROI al debt load and ROI, whether the industry as a whole is in a slump,whether there are too many partner or legal problems, whether futuredemand will materialize and so on and so forth. While these questionsare certainly relevant, the most important question that a small ormedium-sized business owner should ask him/herself is: The Effects of Consumer Debt Consumer Borrowing Lawsuit Funding Lawsuit funding, also known as pre settlement cash advances, are a form of non-recourse funding that has become a popular service in the past few years. Injured clients all over the United States can use this service to get cash for their lawsuit now. Funds advanced can be used by the client for any immediate financial pressures including mortgage payments, credit card bills, to get out of debt, car payments and more. Start A Business For Under $100 There are a multitude of magazines and websites devoted to the sprit of Entrepreneurs, who by the way provide almost seventy percent of private sector jobs.The dream of almost every employee is to fire their boss, and start a business of their own.The best part about this dream is that it can be accomplished, and most ventures can be started for less than $100. Easing Your Way Into Homeownership: A Guide To Low Down Payment Mortgage Programs There’s no question about it:Buying a first home is a big financial commitment.In most cases, a home is the largest single purchase an individual or family will make in a lifetime.However, because of the tax advantages afforded to homeowners, buying a home also can be one of the best financial decisions you’ll ever make. Secondary Mortgage Market Sets the Standards and Practices for Mortgage Lending The Secondary Mortgage Market is responsible for the setting many of the rules and common practices that determines who gets a home loan. The secondary market includes Fannie Mae Federal National Mortgage Association or FNMA, Freddie Mac Federal Home Loan Corporation or FHLMC, Ginnie Mae Government National Mortgage Association or GNMA and a variety of other investment oriented institutions. Are Mortgages a Risky Business A bank or mortgage company is nothing more than a box in which to keep money. The owner of the box has to do a few calculations.Firstly, how much is he going to offer those people who deposit cash in his box, in return for such a deposit Secondly, how much of that money should he keep as cash in case the owners of that cash want it back Maybe 5%, maybe 10%, what are the regulations in his jurisdiction Thirdly, how much is he going to charge those people who wish to borrow the money of others, previously deposited in his box What is Bridging Finance Once you understand what the term, “Bridging Finance” means, it’s easy to understand how it got its name.The purpose of a bridging or bridge loan is to provide short term cash for a real estate transaction until permanent financing is secured.Bridge loans are commonly used to “bridge the cash gap” when completing commercial real estate transactions. New Credit Scoring Model Could Help Millions Mark and Beth, a young married couple in their twenties, established a goal to buy a home within the first three years of their marriage before starting a family.They budgeted and used their money wisely in order to save for the down payment.Whenever they purchased something they always paid cash - no credit cards for them.Why waste money by paying interest to a credit card company Home Ownership, Financial Freedom, and Benjamin Franklin 1. ON BENJAMIN FRANKLIN: Women Bodybuilding For Beginners With the current craze of the Atkins diet women are finding success fitting into clothes that they couldn’t fit into for a while.Without a doubt the Atkins diet works.Unfortunately the diet doesn’t help muscle tone or the cardiovascular system.Now with the fat that was covering the underlying muscle melted off,.you would like to see these muscles toned up.Why not try bodybuilding You probably have some questions why you should start bodybuilding.I listed below some of the questions I have been asked over the years.Hopefully this will answer your queries. How Good a Deal Is Your Banks Mortgage Insurance Plan When you go to the bank to get a mortgage, youll inevitably be asked to take out mortgage insurance. The idea behind mortgage insurance is simply that if something happens to you or your spouse then your loan will be paid off which is good news for your family and the bank. Most financial institutions act like they are doing you a favor by offering you mortgage insurance through their own group plan, but are they |
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