Remember the $8000.00 Tax Credit for first time buyers that was such a hit with consumers? Sadly, it went away in April 2010, but, this new tax credit/rebate program outshines the old program. Here’s how to get your day in the sun…
Green is IN. The government and utility companies will pay you to move into an energy efficient home (or make the home you now live in energy wise). You can net over $17,000 if your new or current home meets the qualifications. Nice deal! The money comes in tax credits and cash incentives. Continue reading “Did You Know that YOU can Get $17,000 Back when you Buy Your Home?” »
With the challenges of the Arizona housing market, a Valley realtor is turning to coupons to help clients and spark new business.
Christine Loschiavo of Team Real AZ at West USA Realty Revelation is offering $1,250 off your closing costs for $25.
You need to buy the coupon on the websiteWeeklyplus.com in the same way you might buy a discounted coupon to use for a dinner out….
1. Beginning your home search before being pre-approved.
When buying a home you need to know the difference between being pre-qualified and pre-approved. To be pre-qualified for a mortgage loan means that your income, assets and debts have been informally analyzed to estimate how much you can afford to spend on your home. It is useful in knowing the range of homes you can afford but is not a commitment from the lender. To be pre-approved for a mortgage loan means your lender gives you a written commitment to package a loan for you. You have filled out most of the loan application and your income, expenses, assets, and liabilities have been verified. You then receive a pre-approval certificate. This could be very advantageous in a getting your offer accepted in a multiple-offer situation if other potential buyers have not been pre-approved. Your pre-approval may also help you negotiate a better price with the seller and finally, because so much of the paperwork has already been completed you should be able to close very quickly. It is strongly recommended that you obtain pre-approval before beginning your home search.
Continue reading “15 Dangerous Mortgage Mistakes You MUST Avoid!” »
1. Review your Credit History before beginning your home search
Most potential homebuyers don’t think of checking their credit reports before beginning the loan process, but this important first step could save you a lot of time and even the loss of your loan. This is because lenders rely heavily on your credit score, or FICO score, when evaluating your credit risk. Your FICO score is an important factor lenders use in deciding whether or not to fund your loan.
Continue reading “The 7 Most Important Home Buying Tips” »
