Thinking About Buying Your First Home?...
Buying your first home is one of the biggest Investment you will ever make. The key to making the experience fun and fulfilling is to make sure you are prepared before you start your search. Now you may ask, what do I need to do to get ready? Where do I start? Let me cover some of the most important steps.
Are you credit worthy? Your credit is the biggest factor when getting approved for a mortgage loan. Your score is not the only factor taken into consideration, your credit history also plays an important part in the approval process
Get pre-approved for a loan It is highly recommended that you work with a licensed lender to get pre-approved before you begin house hunting. Pre-approval will tell you how much house you can afford and can help you move faster and with greater confidence in this competitive market. Be prepared to present documents like tax returns, pay stubs, bank statement, etc.
Prepaid Expenses & Closing Cost required It is imperative that there is cash available in reserves to pay for your inspection, appraisal, and good faith deposit. These fees are required after a contract is accepted and are upfront expenses required prior to closing on a property. These fees are required within a specific time frame of contract execution. Don’ t be caught off guard with the closing cost required. The amount needed and what that entails should be discussed with your mortgage lender prior to starting your search.
Make sure your timing is taken into consideration. Are you currently in a lease? When does your lease expire? How much time does your lender need to process your loan? Is the property you are considering a short sale?
For further information or discussion about the homebuying process, please contact Nesterine Blair, Broker, Blair Realty Group, Inc. 407-210-3944.
Hire a reputable Real Estate Agent This is the only time you will be able to hire someone without paying them( in most cases). A very reputable Real Estate Agent has your best interest at heart, knows the market conditions and can guide you when it comes to the time to decide on the right house for you and your family. www. BlairRealtyGroup. Com
“ Our Experience Will Be Your Best Investment."
FINANCIAL SERVICES REAL ESTATE
We specialize in helping individuals, families, and small business owners who are typically overlooked by the traditional financial services industry.
“ Our goal is to ensure that everyone has the tools they need to achieve the financial future they choose.”
LET US HELP WITH
• Financial Education
• Managing Debt
• Protecting Your Income with Insurance
• Retirement Planning
• Paying Less Tax
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PROPERTIES FOR:
• First Time Home Buyers
• Relocations- US & International
• Investment Properties
• Second Homes
• Short Sales & Foreclosures
Nesterine Blair
Real Estate Broker
4725 5401 S W. Kirkman Sand Lake Rd Rd, Suite, 310 Orlando, Florida FL 32819 32819
VISIT US AT: www. blairrealtygroup. com
( 321) 438-6228 nblair @ blairrealtygroup. com
Volume 3 • Issue 3 | 2017 37