Wednesday, February 01, 2006
( 1st ) first time home buyer ( $ amount )
you the buyer have a pre-determined way of purchasing. you're thinking: 1) find a house, 2) negotiate the price, 3) find a loan. then your in. no problem your thinking. this should be a piece of cake. making it easy to now find the place to call home.
ha, the truth be told. the reverse is the answer. decide on a loan with a monthly payment that works for your budget, then go looking for a home in the price range that matches your financing.
going at it this way saves time, particularly when you get the lender to give you a pre-approval commitment, the strategy not only gives you peace of mind, it provides a good negotiating tool with a seller, because your offer includes the ability to close quickly.
ha, the truth be told. the reverse is the answer. decide on a loan with a monthly payment that works for your budget, then go looking for a home in the price range that matches your financing.
going at it this way saves time, particularly when you get the lender to give you a pre-approval commitment, the strategy not only gives you peace of mind, it provides a good negotiating tool with a seller, because your offer includes the ability to close quickly.
