|
The very
first thing on your "to do" list, is to arrange your financing.
This
should be done
before
you look at your first potential home.
It is
your very first step.
Many
people make the mistake of delaying this step, which only
causes unnecessary heartache later on.
If you look at homes in the
$750,000 range, and later find out that you only qualify
for $500,000, then the homes that are actually in your price
range will be a bit disappointing after seeing the more
expensive ones. You should not have been looking at the
more expensive homes. Also, some buyers are actually able
to qualify for more home than they expect.
Today's
loan approvals, while not as free-wheeling with the "anything
goes" atmosphere of a few years ago, are relatively
painless.
Michael
Cornell can suggest a good loan officer for you to consult.
Keep
in mind that most good home loan professionals will have
just about the same rates and fees if you check the details.
It
is critical that you use a reputable, experienced, local
home loan professional with a track record of closing loans
on time at the agreed terms.
Be VERY
WARY of any loan officer who promises you rates or fees
that are substantially better than his/her competitors.
These low-ballers often fail to produce what they promise.
See Also:
|