Friday, December 19, 2008


1. Before looking for a home to buy this should be your first step. Get pre-approved for a loan. Make sure that you could qualify for FHA and conventional loan. That way you can go one way or the other.
A. This way you know that if the house that you like does not qualify for FHA loan you are ready with the conventional loan that you can use.
B. You know before looking the price range that you would qualify for. Buyers like this they know that you are ready to buy now not just looking, to be looking.

2. Also find out about insurance for a home in this price range. You will know how much it will cost you. The bank will want to know that it is insured. If you do not they will tack it on ( that could cost you a lot more than getting it yourself.)

3. Expect the unexpected when it comes to getting the money for a house.

4. Have extra money saved up for add on things that might come up.

5. Get a copy of all the paperwork that you will be having to sign, they should let you have that the day before. Read them over, so that you know what you will be signing. If you have questions make note of them.

6. Make sure that all your questions are answered before signing the papers.

7. Make your appointment early in the day. It will take sometime to get everything signed. You do not want to be rushed, because it is 4:00 and they want to go home. Everyone is tired at 4:00 in the afternoon. That is why I say early in the day.

8. If you know that the windows will need to be replaced. Get estimates on how much it would be. (this is an example) This could be something that is added into the loan up front. Get the estimates and ask up front before starting the loan process. Do not wait till the day of the signing and ask, it probably will not happen then. (Replacing the windows adds more value to the house, so there is a greater chance that they will say yes to that as well.)

copyright 2008 Dan & Deanna Finlinson "Marketing Unscrambled"

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