SELLERS
can save up to Thousands of Dollars in Commissions with Flat Fee MLS and Menu Based Fee Choices.
| FRED GRIFFIN REAL ESTATE 850-567-1900 Flat Fee MLS and Real Estate Services ________________________
|
* * * PREPARING TO BUY * * *
Buyers, this is an unprecedented time in history:
- Interest rates are historically low.
- There are a lot of houses to choose from.
- Prices are way down.
- The Federal Government is offering up to $8000 tax credit for qualified first-time home buyers purchasing a principal residence.
Contact us Now - this is the Time to Buy
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Buyer Preparation
Are you paying cash, or will you be getting a mortgage?
Get Pre-Approved if you are getting a Mortgage Loan. Most Sellers want to see a pre-approval letter before they will accept an offer.
Get a Proof-of-Funds Statement if you are paying cash, or making a large down payment. Many Sellers want to see that you have the money available, before they accept your offer.
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The Pre-Approval Process:
Talk with your bank or lender BEFORE you start looking at houses:
Friends, times have changed. The loan application process has become far more rigorous and time-consuming. Even people with high credit scores, good income and steady employment history are being put under the microscope by mortgage lenders.
If you are a first-time Buyer and are unsure where to go, you may want to start with the bank or financial institution where you do your checking and savings. Tell them you want to get pre-approved for a mortgage loan. (You can later talk with other lenders to compare interest rates, fees, and so forth.)
The Bank will verify your income, review your debts, and take a look at your credit score. They can then tell you the amount of mortgage loan "purchase money" that you qualify for, the interest rate, the term of the loan, and the necessary down payment. Pursuant to the Truth in Lending Act, lenders must give good faith estimates of mortgage loan costs within three business days after the consumer applies for a loan (early disclosure).
For more information on Truth in Lending, see:
TRUTH IN LENDING STATEMENT
TRUTH IN LENDING REGULATION Z
PART 226—TRUTH IN LENDING (REGULATION Z)
FEDERAL RESERVE SYSTEM 12 CFR PART 226 (REGULATION Z)
If you need help locating a lender, contact us. We can give you the names of several reputable lenders that will be glad to speak with you about mortgage loan financing.
Call your Lender and get started today.
______________
Get Pre-Approved if you are getting a Mortgage Loan. Most Sellers want to see a pre-approval letter before they will accept an offer.
Get a Proof-of-Funds Statement if you are paying cash, or making a large down payment. Many Sellers want to see that you have the money available, before they accept your offer.
______________
The Pre-Approval Process:
Talk with your bank or lender BEFORE you start looking at houses:
Friends, times have changed. The loan application process has become far more rigorous and time-consuming. Even people with high credit scores, good income and steady employment history are being put under the microscope by mortgage lenders.
If you are a first-time Buyer and are unsure where to go, you may want to start with the bank or financial institution where you do your checking and savings. Tell them you want to get pre-approved for a mortgage loan. (You can later talk with other lenders to compare interest rates, fees, and so forth.)
The Bank will verify your income, review your debts, and take a look at your credit score. They can then tell you the amount of mortgage loan "purchase money" that you qualify for, the interest rate, the term of the loan, and the necessary down payment. Pursuant to the Truth in Lending Act, lenders must give good faith estimates of mortgage loan costs within three business days after the consumer applies for a loan (early disclosure).
For more information on Truth in Lending, see:
TRUTH IN LENDING STATEMENT
TRUTH IN LENDING REGULATION Z
PART 226—TRUTH IN LENDING (REGULATION Z)
FEDERAL RESERVE SYSTEM 12 CFR PART 226 (REGULATION Z)
If you need help locating a lender, contact us. We can give you the names of several reputable lenders that will be glad to speak with you about mortgage loan financing.
Call your Lender and get started today.
______________
| FRED GRIFFIN REAL ESTATE 850-567-1900 Flat Fee MLS and Discount Real Estate Services ________________________
|
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