Can this be avoided?

Luckily, there are some steps that you can take to speed up process of your loan application! Here are a few suggestions.

First of all, if you haven’t yet started shopping for your new home, you should consider shopping for a home LOAN before home. It is possible to be approved for a mortgage loan before you ever find your home, and this will accomplish two things. First of all, it will allow you to lock in an interest rate, which will completely eliminate “waiting” game mentioned above. In addition, if a seller sees that you are pre-approved, he will be more likely to negotiate with you because he will view you as a “serious” buyer.

If you’ve already found your dream house and still need to get a mortgage loan approval, there are some steps that you can take to speed up process.

There are 5 fundamental secrets that real estate investors like to keep close to their chest and they are secrets that enable them to survive and even profit during a bear market.

This article blows lid off secret world of professional real estate investor!

1)Aligning For Profit in a Bear Market

When professional property investors believe market is entering a downward phase i.e., changing from Bull to Bear - they will change their investment strategies accordingly. One method that tough investors apply is to buy up property in best areas that they can afford once a market is slumping already. Professional real estate investors know that best areas for property always boom again very early on in next property cycle.

By working in this way they can then leverage their investment by selling their property early on in boom cycle and buying elsewhere and always remaining one step ahead of less professional investors or average home owners.

Up and coming areas will eventually peak as well of course as they are swept along on tide of boom, but they will not peak first and investors in these areas will have to wait longer to see their profits.

Professional investors will likely enter these areas just before they peak and sell up just before heat goes out of market enabling them to again buy up what they can afford in best areas thus positioning themselves ready for next upward trend. And so it continues!

2)Slow Down Your Speculating

You may already have decided that time is no longer right to be over extending yourself and you may have cut back on your property purchases, but remember that making any home improvement or taking on any renovation projects during a downward period of property market is also considered to be speculating. Don’t just assume that capital appreciation from your property will justify home related expenditure right now…in a bear market it won’t.