Buying a new home can be a stressful process. Especially for new home owners. If you're in the market for a new house, condominium or otherwise, we've put together this effective guide to help you through the mortgage application and loan process.
In this FREE guide:
- Rent vs. Buy
- Mortgage Loans
- Mortgage Lenders
- Interest Rates
- Closing Costs
- Application Process
- Post Application
- Closing Process
- Making Payments
- Avoiding Foreclosure
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Once you've downloaded this free PDF e-book guide you'll be pleased to find a ton of great content. It takes you step-by-step through the home mortgage loan process to help you identify the best available options, and find the right lending program for your specific needs.
Rent vs. Buy - One of the largest decisions people have to make is whether to rent or buy their next home. This first chapter walks potential homeowners through the pros and cons of renting versus buying, and helps them determine how much home they can afford.
Loans - This section provides a brief overview of the common types of mortgages, such as fixed-rate, adjustable rate (ARM), interest-only, and sub-prime loans.
Lenders - An detailed analysis of the different types of lenders, and the advantages and disadvantages of each. This chapter also provides a number of important questions borrows should ask a potential lender.
Rates - Provides a summary of how a person's credit score influences their interest rate, and goes over which items have the biggest impact on their credit score.
Costs - Covers the major items homebuyers will have to remember when closing on a home, including down payment, mortgage insurance, and discount points.
Application - Provides a list of the paperwork that most lenders are going to require a home-buyer provide for their application, questions that will most likely be asked by the lender, and important questions a borrower should ask them.
Awaiting Approval - This section gives the potential borrower a list of action items they can do to speed up the entire process while they're awaiting to hear back from the lender regarding whether their application was approved, and what their options are if it gets denied. It also explains the process that takes place after their application is submitted to the bank.
Closing - By this point most people start getting really excited, but they are often very stressed out at the same time. Especially first-time homebuyers. This chapter outlines the closing process by letting borrowers know what they will likely need to bring to the closing table, and what exactly takes place.
Payments - Explains who to make payments to after the real estate loan has been completed by the originator, and outlines the responsibilities of the mortgage servicer and property buyer.
Refinancing - This section provides some great tips for saving money through a refinance, and offers information on how to eliminate mortgage insurance.
Foreclosures - Provides a detailed overview of the foreclosure process and gives an explanation of many modern-day alternatives for distressed home-owners, such as a short-sale, loan modification, and repayment plan.
How to get it?
If you haven't already, simply enter your name and email address in the download form above, then we'll send you a quick message with your free home mortgage ebook PDF guide attached.