The American Dream lives. Owning your own home has always the American Dream and it is my belief that this dream is still very strong among many. Our country has been in a financial turmoil for the last few years and it is going to take time to heal, however the American Dream is still very much obtainable.
If you are able to purchase a home now, then this would be a good time for you to learn how to make the home buying process easier. This would be the time to buy, as interest rates are at record lows and so are home prices. Therefore, if you have not yet taken steps to How to make the home buying process easier, be sure to do so now.
How to make the home buying process easier? Prepare yourself with education. This will be one of the largest purchases you will make and it is extremely important that you educate yourself on the loan, the home and the responsibilities that come with home ownership. Once educated and you feel that you are ready, and then by all means, take the next steps.
By your desire and by you taking action, you will not only engage in obtaining a great asset and investment for your future, you will also be doing your part to heal our economy. One family and one home at a time.
Therefore, the first tip in learning how to make the home buying process easier is to learn about the loan process and learn how much home you qualify for.
It all starts with the Lender.
When choosing your lender, be sure you meet with a professional that understands the current industry guidelines, will take time to educate you on your options and provides you with details of how much home you can afford. They should first pre-qualify you and then move forward with an actual pre-approval. A pre-approval will allow them to do their due diligence in verifying all of the information and will allow them to issue a Pre-Qualification Form to your real estate agent. This Pre-Qualification Form will be needed by your real estate professional when they make offers on the home you wish to buy.
There are many loan programs to choose from. The FHA Home Loan is one of the most popular loan programs. It allows the new home buyer to purchase a home that ทาวน์โฮมมือสอง they will be living in. This is known as an owner-occupied purchase.
The FHA Home Loan allows the buyer to use gifted funds from family members to use for the down payment and closing costs. You should be taking time to understand the fee structures in obtaining a FHA Home Loan and your lender should be taking the time to review this information with you in detail.
The FHA Home Loan allows the seller to pay up to 6% of your closing costs (this is effective at the time of this writing 7-2011) and the seller paid closing costs can cover all of your fees if negotiated in your purchase contract.
The FHA Home Loan is a very popular home loan and makes the American Dream of home ownership true for many families.
Karen Jones. Licensed Sr. Loan Officer Amerifirst Financial Home Loans by Karen Jones
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