A pre-approval may help you negotiate a better price and/or terms with the seller, because they know that the buyer is serious enough to have answered the hard questions with a lender. Often having a pre-approval at the ready can give you a leg-up if you are up against another buyer who did not come to the table so well prepared.
The better course of action if you are a serious buyer is to utilize the Pre-Approval Letter. This can only be secured through a lender. Given the buyers market we have now, the pre-approval letter is still all-important. Everyone has heard of the high foreclosure rates, short sales and, frankly, all of us are suffering at the gas pump. This makes a pre-approval letter an absolute must in these times.
Here is another mortgage calculator I like very much. Just enter whatever numbers apply to you and then click […]
http://youtu.be/iNBK_AE2-BU Sorry the volume on this video is so low. Turn it up please. I grabbed my ipad and recorded […]
Mortgage News Important to know. You’ll still have to sign LOTS of forms at the closing, but we are told […]
Buying and financing a home in Rockland County NY
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What NOT to do before buying a home Published by James Troia on Friday February 18, 2011 10:44 AM For […]
“Mortgage rates eased further over the week, helping to promote an affordable home-purchase market and stimulate refinance,”
First-time homebuyers may be able to take advantage of a tax credit for homes purchased in 2008 or 2009. The credit:
Applies to purchases that close after April 8, 2008, and before Dec. 1, 2009.
Applies only to homes used as a taxpayer’s principal residence.
Reduces a taxpayer’s tax bill or increases his or her refund, dollar for dollar.
Is fully refundable, meaning the credit will be paid out to eligible taxpayers, even if they owe no tax or the credit is more than the tax owed.
The credit is claimed using Form 5405.
LowerMyBills.com is part of Experian InteractiveSM and a premier, free online service for consumers to compare low rates on monthly […]
SEARCH ALL ROCKLAND CONDOS … ALL THE LISTINGS … ALL THE TIME OR search by neighborhood. The Red Star * […]
Mortgage rates drop to a fifty year low “Even with amazingly low interest rates, lower home prices and the first-time […]
one of the best and easiest to understand explanations of the short sale I have ever heard.
HAVERSTRAW INVESTMENT PROPERTIES. Three Terrific listings in Haverstraw: As of November 2008, these properties are still available. Mike Truiano | […]