The
first step before home ownership is the
process of obtaining loan qualification
approval from a reputable lender. To obtain
approval, the lender will require
documentation that substantiates your current
economic condition. Most loan programs are
based on the strength of your credit score.
The federal government and lenders however,
have created special loan opportunities
designed for a variety of lifestyles and
credit records. Special loan programs are
available for teachers, policemen, firemen,
senior citizens, people with disabilities, and
first-time home buyers.
In addition to the amount of the loan, a Buyer
needs to be aware of the interest rate, terms
and the cost associated with obtaining the
loan including origination points. A Buyer
should be very cautious when shopping for a
loan . . . every credit inquiry can lower your
overall score.
All this can be a frustrating and scary
proposition, but don't worry your ALL Vegas
Valley Realty Agent
is here to help you every step of the way. We
know the language and want you to get the best
rate and terms possible.
With so many lenders and so many options where
do you start? Right
here!
