Home Loan BLOG

Sometimes the best deal is purchasing a preforeclosure or defaulting property.  Everybody is talking about it.  Everybody wants a deal.  But, very very few plan it out well and that is why only a few are getting those deals over and over again.

First, go to a brokerage that is a Buyer's Agent.  Call me if you need.  Prepare for a good deal before you find it.  First, get a mortgage preapproval letter to your Agent.  Then start the search for your home.  Make sure your Agent is a member of a multiple listing service.  MLS members can search for properties using different locations and price ranges.  And, they can show properties listed by other Agents. 

Getting your preapproval letter will require your mortgage broker to work.  A credit check must be done, your inventory of debts and income must be done and the percentage of debt to income must be figured out.  This process will take up to two hours.  So, when you have a mortgage broker figure it out for you, take your business to that broker, it is just right.

Mortgage First will keep your files safe in our computer.  When the time comes for your next loan and the one after that, we are ready to serve you.  So find that deal and we can be ready to get our purchase packet in before somebody else buys it.  Call me with any questions.