Before you borrow money, you need to be sure you understand all the details. We have a great, free booklet that will help you. Click on this link and you will be able to download the 17 page booklet.
What is predatory lending and how can you avoid it?
How can you get the best loan?
Are all loans with high interest rate predatory?
What are points?
What is a pre-payment penalty?
How much will the entire loan cost?
Let us know if you are ready to start looking for homes. Wondering how you know when you are ready?
You are ready if…….
- you have been pre-qualified for a mortgage and your lender says you are ready to purchase
- you have money saved for a down payment or your lender has indicated you can purchase a home with no money down
- you will be able to leave the place where you are currently living in 1.5 to 6 months (this time frame depends on when you find the house you want to buy and whether it a short sale or not