Learn Money Saving Tips, Strategies, & Special Programs To Use When You Buy A Home

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The Three Pillars To Owning A Home

Income Continuance

Debt
Load

Credit
Score

When purchasing a home, the 3 main things that your lender will review are income continuance, debt load, & credit score.

Income Continuance - Lenders will review your job history & any other sources of income and determine if they are "likely to continue".  In most cases W-2 income from an employer is fine.  You can run into some hurdles on things such as dividends, capital gains, child support , & alimony.  Learn the best local options specific to your unique scenario by clicking Lean More button above.

Debt Load - This is when a lender will pull a copy of your credit report and determine a debt to income ratio using the liabilities that will show up on a credit report.  These include credit cards, student loan, automobile loans & other installment loans.  This does not include car insurance, cell phone, groceries, etc.  Learn the best local options specific to your unique scenario by clicking Lean More button above.

Credit Score - You credit report will contain a credit score form all 3 credit reporting repositories.  Equifax, Transunion, & Experian.  Your lender will use the middle of these 3 scores as one of the factors determining the risk & interest rate on your mortgage loan.  Credit scores can range from 300 (Very Poor) - 850 (Excellent).  Learn the best local options specific to your unique scenario by clicking Lean More button above.

Steps to homeownership clearly defined

Just like houses, home loans come in all shapes and sizes. As a buyer you have options that are best whether you’re a first-time homebuyer, trading up, ready to renovate or looking to refinance. Take time to listen, learn, and get answers to your questions. . Let us show you how simple it is.  Click Learn More below to find out the best options for your specific scenario.

Know Before You Go!  Learn exactly what you can afford before you speak to a real estate agent or look at any homes.

1. Learn Your Options

Click Learn More below to get all the information you need to compare special programs & loan options.

2. Find A Property

After learning about any special programs and what you options are, you can then search for the new home of your dreams.

3. Review & Finalize

Your lender will ask any additional questions, review all your documentation, & prepare your loan for closing.

4. Sign & Close

After you sign your loan documents and close on your loan, you will be handed the keys to your new home. 

Let The Dream of owning a home become your reality

Know Before You Go!  Learn exactly what you can afford before you speak to a real estate agent or look at any homes.  Click Learn More Above.

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© Copyright 2019

 24-7 Property Info  | All Rights Reserved | © Copyright 2019