The first step in the home buying process is talking to a qualified mortgage lender who can look at your entire financial picture and give you a plan that will help you reach your home ownership goals.
Angie Shaw nmls 141777
Fidelis Mortgage nmls 126791
Equal Housing Lender
2331 Market Street Camp Hill PA
@shreethakurjivirar offers you to get your family a luxurious and spacious home just 10 mins away from virar station!! Pay just Rs.15,000/- per month with 1% down payment till Sept 2022 and get possession on 60% payment with apartment cost starting from Rs.34,00,000/- Follow us on social media to get complete update on new flats for buy,sell and rent in virar.
First-time buyers might be cash-strapped. As a result, it can be harder to qualify for a conventional loan. 🏡🏡
What to do instead: Look into one of these Government Insured Loan Programs.
💰 1) FHA loans require just 3.5% down with a minimum 580 credit score. FHA loans can fill the gap for borrowers who don’t have top-notch credit or little money saved up. The major drawback to these loans, though, is mandatory mortgage insurance, paid both annually and upfront at closing. 💰 2) VA loans are for eligible active-duty and veteran military service members and their spouses. These loans don’t require a down payment, but some borrowers may pay a funding fee. VA loans are offered through private lenders, and come with a cap on lender fees to keep borrowing costs affordable. 💰 3) USDA loans help moderate- to low-income borrowers buy homes in rural areas. You must purchase a home India rural area and meet certain income limits to qualify. Some USDA loans do not require a down payment for eligible borrowers with low incomes.
‼For a free phone consultation call
📞Felicia Savage, 404.422.9985 .
Knowing what a property is worth is central to avoiding paying too much for it.
Set a benchmark:
Comparing nearby properties that have sold recently is the best way to assess an acceptable price for the property you are looking at and provides a valuable bargaining tool when you are negotiating with a seller or agent. Make sure the properties are comparable, with a similar land size and number of bedrooms, for example, so you aren’t measuring apples against oranges.
We can give you a list of sales in the area and then you can drive around and look online to do a quick comparison. If you can find one or two similar properties then you can be sure of what the property is worth.
Keep in mind current market conditions:
The property market is always changing, so doing this research once and sitting on it for a few months will offer little help. Going to open homes and auctions regularly will give you insight into the current state of the market and how much certain properties are going for.
Expand your search:
My number one tip is to look at properties in the suburb next to the one that you want. We find that first-home buyers in particular usually end up buying in the more affordable suburb next door to the one that they first wanted to buy in.
Don’t exceed your financial capacity:
Even if a lender approves you for a particular loan amount, it doesn’t mean you have to accept it – a higher loan amount means higher interest charges over the life of the loan, increasing the total cost of the property purchase, so only ever commit to a loan that you can afford alongside your current income and real expenditure. When calculating figures for the price of a home, ensure you also budget for maintenance and repair costs, as well as any other expertise you may require in the purchasing process.
The key is to avoid overpaying for finance – 3C Finance can search out the best loan for you and make sure it is one that you can afford.
Check out this property we recently financed! The client had 5 days to settle on this and we managed to submit it and have all the loan docs signed, ready for settlement in that time. Big shout out to @macquariebank for their efficiency!
SBI Flexipay Home Loan is a special scheme designed for young salary earners. Enjoy higher loan eligibility and step up repayment facility. To get a call back for more information, visit https://onlineapply.sbi.co.in/personal-banking/home-loan-callback?se=SocialMedia&cp=Instagram&Ag=CallBack #SBI#StateBankofIndia#HomeLoans#SBIHomeLoan#SBIFlexiPay
Congratulations to my business partner and client Sales Director Rakiid James on purchasing his new home 🎊
Here is what he had to say...
“This process was far from EASY
but definitely worth it! I AM A LIVING
TESTIMONY. ..I went from getting only
approved for a FHA loan due to my credit being
a at low point, to then getting denied for the
FHA loan at the end to Come out on top with a
CONVENTIONAL Ioan!! God is AWESOME
WE SOLD!” Who else has a credit score that is limiting their dreams? Let’s get you a step closer to home ownership! DM or Comment “credit”