I am trying to contact First Time Homebuyers! What do you like from a Real Estate agent or Lender?
Quicken Loans. They do all the work.
What do people look for when they purchase a home or get a new home loan mortgage. What service is best?
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Quicken Loans. They do all the work.
References :
Step #1: Look into First Time Buyer programs.
Call the county, town and municipality where your interested in living and ask.
Step #2: Read ALL the literature you get AND follow the directions – step-by-step.
If there isn’t any First Time Buyer program:
Your first step should be to get pre-approved for the mortgage.
Arrange for an appointment with a loan officer at a savings & loan or a federal credit union. These lenders tend to have lower fees and rates than mortgage companies or full service banks.
Bring all the applicable information about any open and closed loans.
You should be as honest as possible.
Ask about a 30 years or longer, fixed-rate, positive amortization, no pre-payment penalty, open-end mortgage.
This means:
You have 30 years or more to pay the mortgage.
It has an interest rate which never changes through the term of that mortgage.
Some of the payment will always be applied to the principal amount of the mortgage
It can be paid off at any time without any penalty.
And it can be paid off at any time.
Step #4: After getting pre-approved, take a ride through those areas where you can comfortably afford to make those mortgage payments.
Make notes of the "For Sale", "Sale" and "For Sale by Owner" signs in those areas. Ca;; those people to make appointments to see those properties.
IF you meet an agent you feel comfortable working with, continue working with that agent. He/She should be able to get you through the great majority of those properties you’re interested in seeing.
Thanks for asking your Q! I enjoyed answering it!
VTY,
Ron Berue
Yes, that is my real last name!
References :
My wonderful family!
In the real estate business over 34 years in PA.
My wonderful coaches & mentors. Yes, after all these years I continue having them in my corner!
THE ABSOLUTE BEST, MOST WONDERFUL real estate investment group in the world, which I was very proud to be a member of!
"THE University of Hard Knocks"
If it’s a "new" lender ask them how many closings they have missed due to their fault.
If a realtor is steering you towards a mortgage company ask them the same question.
References :
It depends from people to people and their priorities as well. For some refinancing is a good option while other prefer home equity loans. Private lenders are another good option too, but they charge high interest rate. For more on topic, log into: http://www.homemortgagewhiz.com/
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