Getting pre-approved for a home loan is one of the best ways to get a leg up on the competition when shopping for a home.

Written by Syd Johnson


Continued from page 1

3. Find out if there are any fees involved for pulling your three bureau credit reports, and forrepparttar underwriting. Some lenders will chargerepparttar 112318 fees up front and others will wait until you are approved forrepparttar 112319 loan.

4. Fill out any extra paperwork such as proof of employments and statement of your resources. You have to prove that you enough cash on hand for a down payment, unless you are getting a no money down home loan. Also, you have to prove thatrepparttar 112320 cash is yours and not a loan.

If you want to a loan from your parents for example, try to get it six to eight months in advance and keep it in your savings account. Otherwise, it will count as a debt and could increase your debt to income ratio and haverepparttar 112321 opposite effect; showing that you don’t have any cash and disqualify you from a much bigger loan.

5. Get a pre-approval letter fromrepparttar 112322 lender statingrepparttar 112323 exact amount ofrepparttar 112324 loan that you will receive andrepparttar 112325 interest rate.

6. Pay attention torepparttar 112326 expiration date onrepparttar 112327 letter. If you are in a market such as Southern California where competition is particularly fierce, make sure you haverepparttar 112328 most flexible expiration date that your lender will allow.

Whether it’s 30 days or 60 days, get it stated in writing. If you lose out on your first or second choice for a home (typical), you won’t be stressed to settle for anything just to get a house.

This article may be freely distributed as long as there's an active link to http://www.rapidlingo.com Syd Johnson Editor


A Simple Debt Consolidation Loan Can Save You Money Immediately And Even Stop Foreclosure.

Written by Keith Hunt


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More importantly, this man's house was saved and his family was in a much stronger financial position.

“A bank is a place that will lend you money, if you can prove that you don’t need it,” Bob Hope once quipped. But when you are going through a bad financial spell, you need an institution that will stand by you.

Banks tend to make loans that are risk-free to them. It is hard to imagine that any bank would have helped him in this situation. But as a nationwide mortgage banker we have ongoing relationships with lenders that specialise in different types of loans. This knowledge allowed us to help a client save a family home from certain foreclosure.

Although we haverepparttar ability to help in extreme situations such as this, we highly recommend that homeowners take action long before desperation sets in.

For more information please go to: http://www.GoldMedalMortgage5.com/Debt_Consolidation_Loans.htm GoldMedalMortgage.com a nationwide home mortgage loan company, powered by Infiniti Mortgage Capital, also offers a full range range of mortgage products including first time home buyer programs.

For immediate assistance to stop foreclosure please call toll free 1 888 483 2500

Camelot Marketing is a full service agency for small to mid-size clients.


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