loan

Qualifying for a Loan – What do I need to qualify?

Before you start searching for your new home, the first step is to speak with a lender and determine your budget. This is being pre-qualified for a loan. Once you find the right home, then your lender will order an appraisal of the property and complete your financing. If this is your first home purchase, or if it’s been awhile since you’ve purchased, understanding how to prepare for the qualifying process is the first step to success.
What do I need to qualify for a home loan? 
When preparing for your meeting with the lender gather all the pertinent documentation and bring them with you. The lender will want to see 2 months of employment pay stubs and bank records as well the past 2 years of tax returns. After reviewing your income and savings, the lender will also order a credit report which shows all your recurring debt and payment history. This will be used to determine your ability to pay the proposed mortgage.
How does credit, down payment and income affect my ability to get a loan?
There are a variety of loan programs available. From 0% down VA loans to traditional 20% down loans, your lender will review all your options with you so you can determine the best program. Some government guaranteed loan programs, such as the VA or FHA, are more lenient with your credit score requirements as well as other qualifications, such as savings and income ratios.
Qualifying for a home loan might feel overwhelming, but your lender can walk you through the process and requirements. After learning your options, you can make the best financial decision for your new home loan.

Top Tips for House Hunting Online

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Hunting for a new home online a is a great place to start your search but keep in mind that you don’t see everything. Real estate agents are great at highlighting the features of a house listing online but to make the most of your time, keep these three things in mind:
Identify your Housing Needs Preferences are important when house searching.
A house may not have everything you want but it will have most of the things. Be realistic about pricing and keep in mind the must-have items that will definitely be needed because this will help narrow your search.
 Stay up to Date
When you start your search, make sure you go to sites with up-to-date listings directly from the multiple listing service. Realtors post their most current homes for sale through this. Many sites fail to remove listings that are already off the market, and this can lead to you trying to sort through them and find the recent ones.
   Pictures can be Deceiving
Photographers capture listings at their best. They use different strategies and tools to boost the appeal of the home like creative editing and expensive camera equipment known for its effects. What they don’t show is unappealing parts, like an undone bathroom or small closet.
Go See The Listing After
Right after you have chosen a house that’s appealing to you, schedule a showing with your real estate agent. This is the opportunity to see every part of the house in person and see if it’s a good fit.  Searching online is a great way to learn more about the house you’re looking for. Even if you’re still unsure about moving, house hunting online gives potential sellers the basic information.
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The number one reason homebuyers need an agent

We do not only open doors for showing properties, we do much more than that .

Negotiating: it’s arguably the hardest part of the buying process. It’s also the number one reason a homebuyer needs a professional real estate agent. We deliver you a market analysis report from properties around the area to compare the prices and make the best offer on your behalf .

The forms are daunting. Write down an offer, get the inspections, ask for repairs ,summit amendments, verify the appraisal ,explain title policy , home owners insurance , home warranty, the liabilities are huge. But there’s a big difference between making an offer and making the right offer with a realtor by your side

As your local agent, I’m here to handle the negotiations and work with official forms for you until you receive the keys for your new house . Let me show you how I can help. Please send me an email or give me a call.