COME TO CLASS PREPARED:
BE A SMART HOME BUYER!
Shop the smart way with Mortgage First:
Get approved for your home loan and underwritten before you start your search! It’s easy, and a smart move in this buyer’s market because this approval program guarantees that you’ll have the financing to buy a home within your price range. You’ll know which homes fit your budget and what mortgage payment you’ll be approved for, so you can shop more efficiently. And, once you find a home you want to place an offer on, you’re in a better position to negotiate with sellers because they know you’ll be able to back up your bid, and move fast – sellers like a buyer who can move quickly. Let’s sum it up…
The advantages of having Mortgage First:
• Your house-hunting process will be more efficient.
• You’ll know how much you can spend.
• You’ll gain negotiating muscle because sellers know you’re a serious buyer.
• You’ll get a jump over other offers because you’ll already be a step ahead.
Having Mortgage First approval is far more valuable than going into the housing market alone. We know you’re excited, so we’ve made home buying easier than ever. If you’re eager to start shopping, call your Quicken Loans Home Loan Expert first for your head start in the market!
Leaving your rental to buy your own home is a big step.
Your landlord currently has the responsibility of all repairs and upkeep. And depending on your lease, you may not even be paying for your electricity or water. But on the other hand, if your current residence is growing in value, then your landlord is building equity through your monthly payments. Home ownership can have financial benefits that renting does not. While you’ll want to consult a tax advisor, you should find that the interest you pay on your mortgage is tax deductible, as are some closing and moving costs. If you pay points on your loan to reduce the interest rate on your mortgage, that amount is also tax deductible for that year. When you decide to buy a home, you’re making a decision to invest in your future.
Ace your transition.
Many renters wait until they’re nearing the end of a lease period, or paying month by month, to begin house hunting so they don’t pay fines for breaking their lease. This is a good idea when possible, but every situation is different. You may buy a house with immediate occupancy and be able to move within a few weeks. On the flip side – you may fall in love with a house whose occupants aren’t quite ready to vacate.
Are you open to a fixer-upper? You might be glad to live in your rental for a short period of time while working on your new home. It’s much quicker to update a house while it’s empty and not filled with boxes!
When shopping for a home, be as flexible as your finances will allow so you’re not locked into any one situation, which
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