Michael Petruccelli says; You can ask your agent for a referral to a mortgage broker or check with your own bank / credit union. Compare the types of mortgages available to you and your GFE.
March 31, 2012
Michael Petruccelli asks; What are some tips for first time home buyers?(8)
Michael Petruccelli says; Popular first-time buyer loans are FHA loans because the minimum down payment requirement is much less than a conventional loan. However, if you are thinking about buying foreclosures, for example, conventional buyers tend to get priority with REO banks.
Michael Petruccelli asks; What are some tips for first time home buyers?(7)
Michael Petruccelli says; Many sellers won't look at an offer if the seller doesn't have assurance that the buyer can get a loan.
March 26, 2012
Michael Petruccelli asks; What are some tips for first time home buyers?(6)
Michael Petruccelli says; Get a Loan - It's not always necessary to have a mortgage broker or bank in your back pocket before buying a home, but it's smarter to get loan preapproval in advance. This way you know for certain how much home to buy.
Michael Petruccelli asks; What are some tips for first time home buyers?(5)
Michael Petruccelli says; Most buyers conduct a lot of research online before ever stepping foot in a home. Buyers spend an average of 6 to 8 weeks, according to the National Association of REALTORS, trying to figure out where they want to live. But once the neighborhood is selected, most buyers end up buying a home after 2 or 3 home tours.
Michael Petruccelli asks; What are some tips for first time home buyers?(4)
Michael Petruccelli says; Find a Home to Buy - Buying a home can be an overwhelming process and emotionally draining. Finding the right home is not always an easy task. I advise buyers to look at a maximum of 7 homes at a time because any more than that will make a buyer's head spin.
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