Tag Archives: Buying

Buying A House

Buying Your House Based on Your Lifestyle

Buying Your House Based on Your Lifestyle

Are you looking for the perfect type of home to buy? Consider also its location and proximity to your favorite activities.

There are obviously many reasons when it comes to picking a neighborhood, some helpful and some not so helpful. The default reason that is most often cited is familiarity, which is important but there are other reasons to consider also. Let’s discover what they are.

A case in point, most likely you will be living in your new home for a number of years. The average person lives in their home five to seven years before moving. In today’s economic setting that may rise. So thinking long term is important when deciding where you are going to buy a house.

Along the same line, look for communities and neighborhoods that fit your daily life. For most people distance from work is an important consideration. With the abundance of technology, the ability to work at a home office has evolved. So for all the non-commuter who are not worrying about the price of gasoline, the number of miles to your job’s headquarters is not as crucial. But for those who work outside a home office, cities spreading over many miles can cause timely commutes for workers.

In cities that offer convenient transportation systems such as bus, train and subway systems it may be more important to find a home that is close to these services. To be close to the physical location of your work or office may not be as important.

If someone with children is buying a house, it is important to consider school systems. When you have small children you may have the added need of preschool childcare. Owning a home convenient to your childcare services and schools can add or decrease hours at the end and beginning of your day when you feel most rushed. Of course not all childcare services are created equal so it is important to adequately research available sources.

Accordingly, if you have school age kids then proximity to school and after school care programs is necessary. Of course quality of education is important to every family. Since you are most likely going to live in this house for at least a few years you want to be sure to research programs that meet your child’s requirements.

Americans love the freedom of choosing different lifestyles. So it is important to examine your preferences when finding a community to call home. Beside issues like work and school, there are other important reasons to decide where you want to live.

Convenience to grocery shopping can mean a lot. Most people frequent the grocery store at least once a week and if you are like most folks, you use several stores to buy your meat, staples and fresh fruit and vegetables.

By the same token, for many Americans, casual shopping is the national past time. If this describes you, availability to department stores can be significant. If you love to shop consider finding an area to buy a home that caters to your passions.

Available enrichment within the community is not to be overlooked. Usually we consider number of bedrooms and bathrooms but how about nearby entertainment. You may enjoy frequenting cultural locations. Do you like city parks, community theater and libraries? You may love being close to the ocean, mountains or other recreational places. You might enjoy paths for biking and jogging or simply going to the gym. Once you determine the activities most important to you, you can look for a house that makes doing what you love convenient.

Certainly, the most important issue when it comes to finding a community to call home is comfort. Ask yourself this question before you decide on a location. Do I feel at home here? If you can say the house you have found feels like home sweet home, you may have found the perfect place to call your very own.

First Time Home Buyer Programs

Kate Ford, author and originator of Get Your Best Mortgage Rate wants to help you understand the secrets to finding your best home loan. It’s easy to become a savvy mortgage shopper with Kate. Stay up to date with mortgage tips and home loan advice by visiting Free Online Mortgage Advice today.

Buying A House

Buying Your House Based on Your Lifestyle

Buying Your House Based on Your Lifestyle

Are you looking for the perfect type of home to buy? Consider also its location and proximity to your favorite activities.

There are obviously many reasons when it comes to picking a neighborhood, some helpful and some not so helpful. The default reason that is most often cited is familiarity, which is important but there are other reasons to consider also. Let’s discover what they are.

A case in point, most likely you will be living in your new home for a number of years. The average person lives in their home five to seven years before moving. In today’s economic setting that may rise. So thinking long term is important when deciding where you are going to buy a house.

Along the same line, look for communities and neighborhoods that fit your daily life. For most people distance from work is an important consideration. With the abundance of technology, the ability to work at a home office has evolved. So for all the non-commuter who are not worrying about the price of gasoline, the number of miles to your job’s headquarters is not as crucial. But for those who work outside a home office, cities spreading over many miles can cause timely commutes for workers.

In cities that offer convenient transportation systems such as bus, train and subway systems it may be more important to find a home that is close to these services. To be close to the physical location of your work or office may not be as important.

If someone with children is buying a house, it is important to consider school systems. When you have small children you may have the added need of preschool childcare. Owning a home convenient to your childcare services and schools can add or decrease hours at the end and beginning of your day when you feel most rushed. Of course not all childcare services are created equal so it is important to adequately research available sources.

Accordingly, if you have school age kids then proximity to school and after school care programs is necessary. Of course quality of education is important to every family. Since you are most likely going to live in this house for at least a few years you want to be sure to research programs that meet your child’s requirements.

Americans love the freedom of choosing different lifestyles. So it is important to examine your preferences when finding a community to call home. Beside issues like work and school, there are other important reasons to decide where you want to live.

Convenience to grocery shopping can mean a lot. Most people frequent the grocery store at least once a week and if you are like most folks, you use several stores to buy your meat, staples and fresh fruit and vegetables.

By the same token, for many Americans, casual shopping is the national past time. If this describes you, availability to department stores can be significant. If you love to shop consider finding an area to buy a home that caters to your passions.

Available enrichment within the community is not to be overlooked. Usually we consider number of bedrooms and bathrooms but how about nearby entertainment. You may enjoy frequenting cultural locations. Do you like city parks, community theater and libraries? You may love being close to the ocean, mountains or other recreational places. You might enjoy paths for biking and jogging or simply going to the gym. Once you determine the activities most important to you, you can look for a house that makes doing what you love convenient.

Certainly, the most important issue when it comes to finding a community to call home is comfort. Ask yourself this question before you decide on a location. Do I feel at home here? If you can say the house you have found feels like home sweet home, you may have found the perfect place to call your very own.

First Time Home Buyer Programs

Kate Ford, author and originator of Get Your Best Mortgage Rate wants to help you understand the secrets to finding your best home loan. It’s easy to become a savvy mortgage shopper with Kate. Stay up to date with mortgage tips and home loan advice by visiting Free Online Mortgage Advice today.

In this skit, Billy gives us some hints and tips on how to buy a house.
First Time Home Buyer Programs

Related Buying A House Articles

Buying A House

Buying Your House Based on Your Lifestyle

Buying Your House Based on Your Lifestyle

Are you looking for the perfect type of home to buy? Consider also its location and proximity to your favorite activities.

There are obviously many reasons when it comes to picking a neighborhood, some helpful and some not so helpful. The default reason that is most often cited is familiarity, which is important but there are other reasons to consider also. Let’s discover what they are.

A case in point, most likely you will be living in your new home for a number of years. The average person lives in their home five to seven years before moving. In today’s economic setting that may rise. So thinking long term is important when deciding where you are going to buy a house.

Along the same line, look for communities and neighborhoods that fit your daily life. For most people distance from work is an important consideration. With the abundance of technology, the ability to work at a home office has evolved. So for all the non-commuter who are not worrying about the price of gasoline, the number of miles to your job’s headquarters is not as crucial. But for those who work outside a home office, cities spreading over many miles can cause timely commutes for workers.

In cities that offer convenient transportation systems such as bus, train and subway systems it may be more important to find a home that is close to these services. To be close to the physical location of your work or office may not be as important.

If someone with children is buying a house, it is important to consider school systems. When you have small children you may have the added need of preschool childcare. Owning a home convenient to your childcare services and schools can add or decrease hours at the end and beginning of your day when you feel most rushed. Of course not all childcare services are created equal so it is important to adequately research available sources.

Accordingly, if you have school age kids then proximity to school and after school care programs is necessary. Of course quality of education is important to every family. Since you are most likely going to live in this house for at least a few years you want to be sure to research programs that meet your child’s requirements.

Americans love the freedom of choosing different lifestyles. So it is important to examine your preferences when finding a community to call home. Beside issues like work and school, there are other important reasons to decide where you want to live.

Convenience to grocery shopping can mean a lot. Most people frequent the grocery store at least once a week and if you are like most folks, you use several stores to buy your meat, staples and fresh fruit and vegetables.

By the same token, for many Americans, casual shopping is the national past time. If this describes you, availability to department stores can be significant. If you love to shop consider finding an area to buy a home that caters to your passions.

Available enrichment within the community is not to be overlooked. Usually we consider number of bedrooms and bathrooms but how about nearby entertainment. You may enjoy frequenting cultural locations. Do you like city parks, community theater and libraries? You may love being close to the ocean, mountains or other recreational places. You might enjoy paths for biking and jogging or simply going to the gym. Once you determine the activities most important to you, you can look for a house that makes doing what you love convenient.

Certainly, the most important issue when it comes to finding a community to call home is comfort. Ask yourself this question before you decide on a location. Do I feel at home here? If you can say the house you have found feels like home sweet home, you may have found the perfect place to call your very own.

First Time Home Buyer Programs

Kate Ford, author and originator of Get Your Best Mortgage Rate wants to help you understand the secrets to finding your best home loan. It’s easy to become a savvy mortgage shopper with Kate. Stay up to date with mortgage tips and home loan advice by visiting Free Online Mortgage Advice today.

Buying A House

Buying Your House Based on Your Lifestyle

Buying Your House Based on Your Lifestyle

Are you looking for the perfect type of home to buy? Consider also its location and proximity to your favorite activities.

There are obviously many reasons when it comes to picking a neighborhood, some helpful and some not so helpful. The default reason that is most often cited is familiarity, which is important but there are other reasons to consider also. Let’s discover what they are.

A case in point, most likely you will be living in your new home for a number of years. The average person lives in their home five to seven years before moving. In today’s economic setting that may rise. So thinking long term is important when deciding where you are going to buy a house.

Along the same line, look for communities and neighborhoods that fit your daily life. For most people distance from work is an important consideration. With the abundance of technology, the ability to work at a home office has evolved. So for all the non-commuter who are not worrying about the price of gasoline, the number of miles to your job’s headquarters is not as crucial. But for those who work outside a home office, cities spreading over many miles can cause timely commutes for workers.

In cities that offer convenient transportation systems such as bus, train and subway systems it may be more important to find a home that is close to these services. To be close to the physical location of your work or office may not be as important.

If someone with children is buying a house, it is important to consider school systems. When you have small children you may have the added need of preschool childcare. Owning a home convenient to your childcare services and schools can add or decrease hours at the end and beginning of your day when you feel most rushed. Of course not all childcare services are created equal so it is important to adequately research available sources.

Accordingly, if you have school age kids then proximity to school and after school care programs is necessary. Of course quality of education is important to every family. Since you are most likely going to live in this house for at least a few years you want to be sure to research programs that meet your child’s requirements.

Americans love the freedom of choosing different lifestyles. So it is important to examine your preferences when finding a community to call home. Beside issues like work and school, there are other important reasons to decide where you want to live.

Convenience to grocery shopping can mean a lot. Most people frequent the grocery store at least once a week and if you are like most folks, you use several stores to buy your meat, staples and fresh fruit and vegetables.

By the same token, for many Americans, casual shopping is the national past time. If this describes you, availability to department stores can be significant. If you love to shop consider finding an area to buy a home that caters to your passions.

Available enrichment within the community is not to be overlooked. Usually we consider number of bedrooms and bathrooms but how about nearby entertainment. You may enjoy frequenting cultural locations. Do you like city parks, community theater and libraries? You may love being close to the ocean, mountains or other recreational places. You might enjoy paths for biking and jogging or simply going to the gym. Once you determine the activities most important to you, you can look for a house that makes doing what you love convenient.

Certainly, the most important issue when it comes to finding a community to call home is comfort. Ask yourself this question before you decide on a location. Do I feel at home here? If you can say the house you have found feels like home sweet home, you may have found the perfect place to call your very own.

First Time Home Buyer Programs

Kate Ford, author and originator of Get Your Best Mortgage Rate wants to help you understand the secrets to finding your best home loan. It’s easy to become a savvy mortgage shopper with Kate. Stay up to date with mortgage tips and home loan advice by visiting Free Online Mortgage Advice today.

Buying A House

How to Find the Best Deals for Buying a House

How to Find the Best Deals for Buying a House

Can you guess the most common mistake home purchasers make when starting the home buying process

The most common error is not spending enough time choosing a real estate agent. Why is interviewing prospective agents so important?

If you are looking for the best buy on a house you need the best Realtor to lead the way. Everybody wants a deal when buying a house. And why not? For most people it is the biggest purchase of their life.

But buyer beware! There is another bargain you need to find before you shop for a house. Look for a great Realtor! It may be the most important deal you make.

But the trick is deciding your criteria for choosing a real estate agent.

Line up meetings with three to five Realtors. Just as you are not going to buy the first house you see, you need to shop for an agent. Just as you will probably look at many houses before you decide which is right for you, don’t settle for the first Realtor you meet without interviewing at least two more.

Choosing a real estate agent, the one right for you, to guide you through the entire house buying process is essential to your success.

Here is another tip. A big mistake many home buyers make is skipping from agent to agent to find their dream home. Don’t! Instead make it your intention to find an agent you are going to stick with.

Believe me, don’t let greed trick you into thinking that you are limiting your opportunities by working with just one specific broker. It is actually just the opposite. If you hunt for the best agent you can find before shopping for a house, you are far more likely to discover that dream home you are looking for.

So invite several real estate brokers to your home instead of going to their office. Watch how they relate to you and your family. If you feel they are hesitant around you, move on to the next candidate.

And since you will be spending a lot of time together don’t overlook asking yourself, do I feel at ease with them?

Before they visit prepare a list of questions you will want to ask during the interview. Begin with stating your general goals. In two or three sentences tell why you need the services of a real estate agent and what type of property you are looking for.

Stick to explaining your main goals initially, saving details for later. Keep in mind you are the questioner and the agent is the questionee. Then take note of their reactions to your needs.

Ask these questions during your interview.

#1 Why did you choose the real estate industry? As they speak with you, observe whether they are passionate about their profession.

You can continue questioning.

#2 May I speak with a several of your previous home buyers? In the next day or two, follow through and call them. Look for indications during your conversation pointing to this agent being someone you can work with.

#3 Do you specialize in certain types of property? Personally I like working with agents who focus on certain areas, neighborhoods, or types of property. For example, if I am looking for a condo, choosing a real estate agent that specializes in condos makes the most sense.

#4 Lastly, question agents regarding their plan of attack. Because you have a certain goal in mind, you want to know how they will go about bringing you the solution you are looking for. The best agents know how to succinctly explain their game plans. See if their strategy matches up with your goals.

After interviewing several Realtors, it is time to make a decision. Narrow down your selection by considering these points.

What agents do you feel uncomfortable with? Which ones answered your questions directly and which didn’t? Are they passionate about their profession? Who can you freely question without feeling ignorant? Do they specialize in the type of real estate you want to buy and in an area you prefer? Can they easily explain their strategy and do you agree with it?

Right now is the best time for choosing a real estate agent and buying the home of your dreams.

First Time Home Buyer Programs

Kate Ford of Get Your Best Mortgage Rate reveals to readers how to eliminate confusion while buying a house. You also can take the sigh out of home shopping. Learn to use the home buying scorecard and find the house of your dreams.

A good mortgage broker can determine how much house you can afford. See why in this video on buying a home.Expert: Brett Staggs Bio: Brett Staggs has been working in the mortgage industry for the past 6 years. He has worked for a title company, a credit reporting company, and two major banks. Filmmaker: Dana Glover
First Time Home Buyer Programs
Video Rating: 0 / 5

Buying A House

How to Find the Best Deals for Buying a House

How to Find the Best Deals for Buying a House

Can you guess the most common mistake home purchasers make when starting the home buying process

The most common error is not spending enough time choosing a real estate agent. Why is interviewing prospective agents so important?

If you are looking for the best buy on a house you need the best Realtor to lead the way. Everybody wants a deal when buying a house. And why not? For most people it is the biggest purchase of their life.

But buyer beware! There is another bargain you need to find before you shop for a house. Look for a great Realtor! It may be the most important deal you make.

But the trick is deciding your criteria for choosing a real estate agent.

Line up meetings with three to five Realtors. Just as you are not going to buy the first house you see, you need to shop for an agent. Just as you will probably look at many houses before you decide which is right for you, don’t settle for the first Realtor you meet without interviewing at least two more.

Choosing a real estate agent, the one right for you, to guide you through the entire house buying process is essential to your success.

Here is another tip. A big mistake many home buyers make is skipping from agent to agent to find their dream home. Don’t! Instead make it your intention to find an agent you are going to stick with.

Believe me, don’t let greed trick you into thinking that you are limiting your opportunities by working with just one specific broker. It is actually just the opposite. If you hunt for the best agent you can find before shopping for a house, you are far more likely to discover that dream home you are looking for.

So invite several real estate brokers to your home instead of going to their office. Watch how they relate to you and your family. If you feel they are hesitant around you, move on to the next candidate.

And since you will be spending a lot of time together don’t overlook asking yourself, do I feel at ease with them?

Before they visit prepare a list of questions you will want to ask during the interview. Begin with stating your general goals. In two or three sentences tell why you need the services of a real estate agent and what type of property you are looking for.

Stick to explaining your main goals initially, saving details for later. Keep in mind you are the questioner and the agent is the questionee. Then take note of their reactions to your needs.

Ask these questions during your interview.

#1 Why did you choose the real estate industry? As they speak with you, observe whether they are passionate about their profession.

You can continue questioning.

#2 May I speak with a several of your previous home buyers? In the next day or two, follow through and call them. Look for indications during your conversation pointing to this agent being someone you can work with.

#3 Do you specialize in certain types of property? Personally I like working with agents who focus on certain areas, neighborhoods, or types of property. For example, if I am looking for a condo, choosing a real estate agent that specializes in condos makes the most sense.

#4 Lastly, question agents regarding their plan of attack. Because you have a certain goal in mind, you want to know how they will go about bringing you the solution you are looking for. The best agents know how to succinctly explain their game plans. See if their strategy matches up with your goals.

After interviewing several Realtors, it is time to make a decision. Narrow down your selection by considering these points.

What agents do you feel uncomfortable with? Which ones answered your questions directly and which didn’t? Are they passionate about their profession? Who can you freely question without feeling ignorant? Do they specialize in the type of real estate you want to buy and in an area you prefer? Can they easily explain their strategy and do you agree with it?

Right now is the best time for choosing a real estate agent and buying the home of your dreams.

First Time Home Buyer Programs

Kate Ford of Get Your Best Mortgage Rate reveals to readers how to eliminate confusion while buying a house. You also can take the sigh out of home shopping. Learn to use the home buying scorecard and find the house of your dreams.

A good mortgage broker can determine how much house you can afford. See why in this video on buying a home.Expert: Brett Staggs Bio: Brett Staggs has been working in the mortgage industry for the past 6 years. He has worked for a title company, a credit reporting company, and two major banks. Filmmaker: Dana Glover
First Time Home Buyer Programs

Buying A House

Selling and Buying a House Without a Real Estate Agent

Selling and Buying a House Without a Real Estate Agent

When selling and buying a house you do not need to turn to a real estate agent. While this process can be overwhelming, it is not as complicated as it seems. It is an important step in most people’s lives. For many people the purchase of a home means an investment in their future, something that can look at and say, “This is mine.” Selling that home can, in turn, be a source of great excitement and is the primary way that the average person increased his or her net worth. The real estate market is, in essence, a great big game of haggling.

The primary reason that people are hesitant to begin this process is because they are unfamiliar with the buying and selling process. A recent survey showed that the average individual or family buys and sells a house an average of two and half times in their lifetime. Many people only go through the process once in their lifetime. This means that most people have no idea about the processes involved in real estate transactions. This lack of experience could translate into thousands of dollars lost in these transactions which could be the difference between building a strong financial future and financial ruin. However, buying or selling a property is as easy as securing a loan or finding the right buyer. Any bank will walk you through the complicated paperwork that follows.

A second reason that people fear the process is that they don’t know how to maximize their profit from such transactions. Large sums of money are usually involved (sometimes a person’s entire life savings) and there is a persistent fear that we are being ripped off (either by selling our home too low a price or by paying too much for a particular property). When dealing with an individual who is selling their home the profit margin can be increased dramatically by researching the surrounding real estate market. What are other homes selling for? Have other homes in the area sold recently? Call a real estate office and ask to be shown some houses in the area that match the qualities of your house (you may have to pretend to be buyer). It this way you can get a feel for what you house should sell for.
When purchasing a house, increasing your profit can be less tangible.

Instead of earning money by increasing the asking price of a property, you can save money by lowering the asking price of the property you are trying to purchase. You can achieve this goal again by studying the surrounding market place. View several homes, both below and over your price range in order to get a clear picture of the real estate market.

Selling and buying a house can be a tricky, time consuming, and even overwhelming process for the average person. Large sums of money, high pressure sales men, and unpredictable market prices make potential transactions intimidating. However, by keeping your cool, remaining confident, and studying surrounding real estate markets anyone can buy or sell a house.

First Time Home Buyer Programs

Information you need if you are selling and buying a house.

Related Buying A House Articles

Buying A House

Buying a House – 3 Tax Reasons it Should be Part of Your Personal Financial Plan

Buying a House – 3 Tax Reasons it Should be Part of Your Personal Financial Plan

The further you go in life, the more you’re starting to feel like buying a house certainly provides serious tax shelter advantages.

Rare thinking people like you already know that the ability to borrow by taking advantage of the equity in your home is an important one. If you live in the United States, buying a house should be a priority of your personal financial plan because of the opportunity to shelter income from taxes.

Tip number one already discussed how expenses related to home ownership can be tax deductible. Two large deductions of owing a home are the mortgage interest deduction and the property tax deduction. It is easy to look at these deductions as the government helping to pay for the cost of owing or buying a house.

Remember the second tax benefit of owning a home is the tax-free sale. Individuals may be able to exclude up to 0,000 from tax liability due to the sale of a house or up to 0,000 if a married couple. By meeting the ownership test and the use test, it is possible to enjoy such an incredible benefit. The tax-free sale is in and of itself sufficient cause to add buying a house to the smart financial plan.

This third tip is amazing. The next benefit you can enjoy from buying a house is the ability to borrow tax-free against home equity without having to sell your house.

Accordingly, when your house appreciates in value you create equity in your home over and above the original loan amount for the mortgage. Over the years you also pay down the mortgage, freeing up more equity. You are then free to borrow against that equity.

Here is an example. Suppose you bought your home for 0,000 using a mortgage of 0,000. Since you purchased, the house has appreciated to 0,000 while you have paid down the balance to 0,000. Subject to a lender’s appraisal of course, you may have as much as 0,000 that you can borrow.

Also notice there are several ways to do this that you should discuss with your financial advisers and mortgage lender. You may choose to refinance the entire amount of the mortgage balance plus cash out, taking advantage of any additional equity you want to borrow against. During times of declining rates, you might even end up with a lower monthly payment.

Along these same lines there is another method to access your equity yet not have to take it in one lump sum. Ask your mortgage lender about applying for a line of credit. The difference between the value of your home and the amount you owe, the equity, becomes the basis for the mortgage.

Without a doubt a line of credit loan has several advantages. It is easy to see the benefit to having money on stand-by but without a payment until used. Any costs to establish a line of credit are usually small versus refinancing which usually includes origination fees and closing costs.

Finally, a line of credit, sometimes called an LOC, can be repaid easily but you still have the option of accessing the LOC again without a new application being formally submitted. The costs are also significantly lower versus a personal loan or credit card.

Other methods include applying for a 2nd mortgage sometimes referred to as an equity loan or home improvement loan. A favorite is the 15 year fixed rate although do not assume this as there are many variations. Rely on yourself to find out the terms of the 2nd mortgage such as payments, lump sums of money due later on in the loan, and whether the interest rate is fixed for life.

This advice applies to any mortgage whether it for buying a house, refinancing, or obtaining a line of credit, or equity 2nd.

Even though using a home in the manner described here may result in tax savings, consider the cost to refinancing. Banks are in the business of making money as are all mortgage lenders. Whether you decide to refinance your 1st mortgage entirely, apply for a line of credit, or acquire a 2nd mortgage, you must be sure you understand completely what closing costs will be incurred, what is the period for the loan to be repaid, and what interest rate you will receive. In addition you must know if the interest rate and payment can adjust and if so, how much and how often.

Even though you are near the end of this article, pay attention to what could become a big headache. When getting any type of mortgage for buying a house or refinancing, you must inquire if the home loan is going to have a pre-payment penalty.

Lenders use pre-payment penalties to assure a profit in the first few years either by collecting the borrower’s payment or imposing a penalty for premature payoff. It usually lasts from one to three years. Whether or not you accept a pre-payment penalty as part of the terms of your mortgage may or may not be important to you. However it is important that you are aware of it especially if you have plans to pay the loan off early.

Regarding tax implications, it is always recommended that you consult a qualified financial adviser.

First Time Home Buyer Programs

Kate Ford, an experienced mortgage translator for more than 20 years, reveals little known secrets to simplifying good faith estimates at her website Get Your Best Mortgage Rate Isn’t it time to quit allowing dollar signs and jargon to overwhelm you? See how easy it is to compare mortgage fees by visiting Mortgage Closing Costs

Home Loans

Miami FHA Home Loans -((97% W/530 FICO)) Buying a Miami Home using a FHA Mortgage

Miami FHA Home Loans -((97% W/530 FICO)) Buying a Miami Home using a FHA Mortgage

 Miami FHA Home  Loans -((97% W/530 FICO)) Buying a Miami Home using a FHA Mortgage

Miami Dade County Mortgage

Providing mortgage solutions for real estate buyers and owners throughout the Miami Dade county area.

Like many home buyers and homeowners looking for a mortgage in Miami and Dade county, 1st Continental Mortgage has weathered the storm and come out stronger and wiser. With a keen focus on core principles and products like the FHA home loan, we’re ready and able to make a broad range of real estate loans throughout Miami Dade County.

Mortgage Programs With Minimal Down payment and Closing Cost

Down payment less than 3% of Sales Price 100% Financing options available Seller can credit up to 6% of sales price towards buyers costs. No cash or bank reserves are required. FHA regulated closing costs.

Easier Credit Qualifying Guidelines

No minimum Credit Score or credit score requirements. FHA will allow a home purchase 1 year after a Bankruptcy. FHA will allow a home purchase 2 year after a Foreclosure.

Apply now at www.FHAmortgagePrograms.com

A Dade County Mortgage Lender with Years of Experience!
Experience counts when choosing a mortgage lender, especially in the current Dade County real estate market where home values have slipped and lenders are scrutinizing loan applications far more closely.

It is especially important for first-time home buyers in Dade County communities like Miami Beach and Coral Gables to work with a knowledgeable, service-oriented, and experienced residential loan expert like the ones at 1st Continental Mortgage. Call today at 1-800-570-0448.

Dade County’s FHA Home Loan Boom

As experts in Dade County FHA loans, 1st Continental home loan specialists have helped first time home buyers in communities such as Aventura and West Miami, FL secure the funding necessary to buy homes.

With low interest rates and a glut of homes on the market in Dade County, it’s an excellent time for renters to become first time home buyers in Miami-Dade communities from Bal Harbor to Virginia Gardens.

Because FHA home loans are government backed, lenders making loans on property in Dade County can qualify buyers who have less than perfect credit so long as they have a stable employment history, have a modest down payment, and meet the other FHA home loan requirements.

In the last 6 months, we have seen record numbers of applications for FHA financing from Dade County from cities like Opa-Loca, Pinecrest, and Miami Gardens.

To learn more about the FHA home loan program or to apply for an FHA mortgage in Dade County cities such as North Miami or North Miami Beach, call 1st Continental Mortgage at1-800-570-0448.

Working with experienced Dade County FHA lender will help you get the right home loan. You will have a broker with substantial experience in FHA mortgages, government guaranteed VA home loans, and other special mortgage programs for which you may qualify helping you secure the right loan to buy your Dade County home.

Very few things are worse for you as a home buyer than working with a mortgage broker without enough experience in FHA loans to properly prepare and document a loan application. At a minimum, it delays getting your financing approved. At worst, it can result in your missing your closing date, losing out on a home you want, or not getting approved for an FHA loan at all.

Preparing to Buy a Home in Dade County: Mortgage Pre qualification and Mortgage Pre approval

When a home priced below market in Sunny Isles Beach, FL or Miami Springs, FL comes on the market, it doesn’t last. The selling agent is going to accept the best offer from a pre-approved buyer because he or she does not want to tie up the property with a Home Buyer who can’t get the mortgage financing to close the deal.

Many Dade County real estate agents insist on getting a pre-approval letter with any offer. Because some Dade County mortgage brokers were doing pre qualification letters on nothing more than a conversation with a potential buyer – no credit check, no verification of employment or assets – many Dade County Realtors now require more than a pre qualification letter to accompany any offer to buy.

What does that mean to you?

Get a mortgage pre approval before you look at any homes in Bay Harbor Islands, FL or Florida City or anywhere in Dade County. You will know exactly how much home you can afford, and selling agents will be more likely to accept your offer because you have demonstrated your ability to get financing for your Dade County home.

How Having the Right Mortgage Lender Helps You

Many Dade County home buyers focus on finding the perfect home, not on finding the right mortgage lender to help them get the best loan to finance it. As a result, they pay higher-than-necessary interest rates and get home loans with less than ideal terms.

A good mortgage lender will help you by doing these things:

Doing the preliminary work to give you an accurate picture of the price range of Dade County home that you can afford: Whether you are qualifying for a Jumbo loan to buy a luxury condo in South Miami or a manufactured home loan to buy a lot and home in Homestead, Florida, you need to know how large a loan you can get before you start home shopping in Dade County; Identifying the best mortgage program to use to buy your home in Doral or Key Biscayne or any other Dade County community: The team of mortgage brokers from 1st Continental Mortgage will be happy to help you compare Dade County mortgage programs to assure you of getting the best combination of rate and terms on your home purchase or refinance; Explaining the documentation required to get your Dade County home loan: Your licensed FL mortgage broker will assemble your loan package and check that you have met your lender’s requirements before he submits your loan package to the lender; Giving you an accurate good faith estimate on your Dade County home loan: Some Dade County brokers are notorious for playing games with the numbers on their good faith estimates. They underestimate insurance costs or taxes or omit line items to make the bottom line on their good faith estimates come in lower than those of other Dade County mortgage brokers. These shady mortgage brokers count on the fact that their deception will not become apparent to the home buyer until the HUD arrives right before the closing. Then, the home buyer will pay the difference just to avoid having to start over with another mortgage broker and Florida mortgage lender. It’s unethical, but mortgage brokers in Miami, FL and Miami Shores Village, FL do it all the time. It’s no way to earn a reputation as a competent and customer-focused mortgage broker in Dade County. Expect a properly prepared good faith estimate and white glove service from 1st Continental Mortgage, whether you are buying a home in Hialeah, Miami Springs or any of the other cities in Dade County. Keeping you updated on the progress of your lender in approving your financing for your Dade County home: 1st Continental Mortgage will be proactive in keeping you informed of the status of your Dade County home loan and in dealing with any issues that might delay the closing of your Dade County FHA loan in Hialeah Gardens or any other Dade County neighborhood. Whether you are refinancing an ARM in South Bay Village or getting a mobile home loan in Pahokee, we will give you the best combination of interest rates and terms on your Dade County mortgage. Coordinating the activities of the many professionals who play a role in getting your Dade County home loan closed: Your 1st Continental Dade County mortgage specialist will be your liaison in dealing with Realtors, appraisers, home inspectors, underwriters, title company representatives, etc. You can relax knowing that your mortgage broker is taking care of the details so that your closing will happen on-time and without any surprises.

1st Continental Mortgage’s mortgage pros will be your single point of contact for your mortgage in Biscayne Park or El Portal or any other Dade County city. Call them today at 800-570-0448.

Dade County Pre foreclosure and Bank Owned Properties Attract Miami Real Estate Investors

Prices that are much lower than a year or two ago and the high rate of foreclosure on sub-prime mortgages has created strong interest in Dade County real estate among real estate investors. Many of our best repeat mortgage customers in Dade County are real estate investors purchasing pre-foreclosure homes in cities like Medley, FL or South Miami or rehabbers buying and flipping REOs in Surfside or Sweetwater.

Seasoned real estate investors recognize that now is an excellent time to be bargain hunting in Dade County’s real estate market. With the long term prospects for continued population growth and with good prospects for the Dade economy, now may be the right time to buy investment property in Dade County.

FHA 203b home loans allow qualified home buyers to borrow 100% of the purchase price of a home and up to 00 to make repairs on Fannie Mae foreclosures. FHA home loans and specialized home loans such as the FHA 203b loan have been popular home loans for investing in Miami Dade County real estate.

Whether you are buying a first home with an FHA mortgage in North Bay Village, building a custom luxury home in Islandia, or looking to buy a bargain priced pre foreclosure using a conventional mortgage in Indian Creek Village, you should start now by calling 1st Continental Mortgage at 1-800-570-0448. Don’t miss the best opportunity to buy a home in Dade County in decades.

First Time Home Buyer Programs

http://www.fhamortgageprograms.com/florida/Dade-County/
http://www.fhamortgageprograms.com/faq/fha.shtml
http://www.fhamortgageprograms.com/mortgage/fha-loan-program.shtml
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http://www.fhamortgageprograms.com/florida/Miami/

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