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Rainmaker
1,258,538
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Money

Oct 08, 2018 05:17 AM
Rainmaker
1,697,983
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

Get the loan.

Oct 08, 2018 05:59 AM
Rainmaker
4,797,822
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

A full explanation of the process and all the future costs.

Oct 08, 2018 05:56 AM
Rainmaker
552,404
Maria Sapio
Keller Williams of Central PA - Carlisle, PA
Real Estate Agent- Carlisle, PA. Mariasapio.com

As a first time home buyer, I recommend that you find a great buyer's agent to help guide you through every step - from securing a pre-approval with your loan officer, and then all the way to the settlement table, and beyond!

Oct 08, 2018 05:53 AM
Rainmaker
1,222,172
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

$$$$$$$$$$$$$$$$$$$$$$$$$$$

Oct 08, 2018 05:43 AM
Rainmaker
3,051,833
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

To be pre qualified, to learn if you can or can not get a mortgage. If not, what you have to do n order to be qualified. If so, for what price. The next step is hiring a GREAT buyer broker willing to assist you through each step of the buying process. 

Oct 08, 2018 05:35 AM
Ambassador
1,656,141
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

A whole bunch.

Oct 08, 2018 06:01 AM
Rainmaker
1,114,298
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Good luck with your studies. 

Oct 08, 2018 05:51 AM
Rainmaker
3,427,860
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Are you the buyer or the real estate agent? A lender will review and discuss various scenarios with you.  Feel comfortable with that person as they should be a trusted resource. 

Oct 08, 2018 05:33 AM
Ambassador
3,445,533
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Without the mortgage lender, you won't be buying a house...unless you're paying cash!

Oct 08, 2018 07:40 AM
Rainmaker
5,121,653
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

all the help you can get, if you can take direction....

Oct 08, 2018 07:27 AM
Rainmaker
777,542
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

A good one that can walk you through the process.

Oct 08, 2018 06:59 AM
Rainmaker
5,506,783
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

You want advice on the most appropriate programs and a pre-approval letter. Many first time home buyers in our area opt for FHA or VA financing.

Oct 08, 2018 06:54 AM
Rainmaker
793,027
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

All you can get

Oct 08, 2018 09:07 AM
Rainmaker
2,826,561
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

I wish you all the best with your studies.  

Oct 08, 2018 08:15 AM
Rainmaker
1,368,736
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

You can get a FREE consultation with any lender to explain the process.

Oct 08, 2018 07:59 AM
Rainmaker
4,574,583
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Talk to a lender.  

Oct 08, 2018 07:41 AM
Rainmaker
2,485,290
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

lenders and loan sources and agents dine on your question...

Oct 08, 2018 07:14 AM
Rainer
305,518
David M. Dwares
Title Professionals Corp. - Fort Lauderdale, FL
Title guy with a broker license

A first time home buyer needs help from all the real estate professionals in the transaction, mortgage lender, real estate agent, home inspectors, closing agent, homeowner's insurance agent, etc.

Specifically the mortgage lender needs to evaluate the buyer's financial situation and explain the possible financing options available to him or her.  Then guide the buyer through the process, hand holding if necessary, to get the loan approved.

Oct 08, 2018 06:38 AM
Rainmaker
3,366,737
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

A review of the process!

Oct 08, 2018 06:13 AM
Rainmaker
1,846,854
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

You need to be Pre Approved to compete in the Housing Market 

Oct 08, 2018 06:06 AM
Rainmaker
1,659,337
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

Financial help.

Oct 08, 2018 06:03 AM
Rainmaker
1,264,092
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

The loan.  That was it.

Oct 08, 2018 10:37 AM
Rainmaker
1,557,954
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

A wheel barrow full. Why go thru the process without a good loan officer?

Oct 08, 2018 09:49 AM
Rainmaker
780,908
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Money of course.

You can't buy a house with dough-nuts.

So, what is your real question?
Red flags that make borrowing difficult?
Down-payment amount?
Down-payment assistance?
Free money?
Amount you can borrow?
Or maybe you have $500, 000 buried in the back yard. Bad news. You won't be able to buy a house with money from unverified sources unless you find a FSBO.

As a first time buyer, I suggest you find yourself a guide. or go to RocketMortage.com and see what happens when you plug in a few numbers.

 

Oct 08, 2018 05:40 AM
Rainmaker
544,276
The Villages Realty
The Villages Realty - San Jose, CA
"Our Performance Will Move You!"

Understanding the bottom ratio-- your total debt and how it is calculated.  Revolving versus installment, etc.

Oct 10, 2018 08:50 PM
Rainmaker
3,213,336
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

An introduction to the right lender and the right real estate agent.

Oct 08, 2018 10:55 PM
Rainmaker
2,850,625
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

many good responses.

Oct 08, 2018 08:23 PM
Ambassador
2,363,990
Fred Griffin, on leave of absence from ActiveRain
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

    An appointment.

Oct 08, 2018 04:43 PM
Rainmaker
417,695
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

The lender will tell you whether or not you can qualify to purchase a home at a certain price with a certain loan.

Oct 08, 2018 03:37 PM
Rainmaker
3,858,463
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

If your buyer is paying cash no problems. If they need a loan they better find a good mortgage lender or they won't be making a purchase.

Oct 08, 2018 02:51 PM
Ambassador
4,372,423
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Someone who listens and knows the programs, not all mortgage people are equal in their abilities.

Oct 08, 2018 02:25 PM
Rainer
243,624
Caroline Gerardo
CMG Financial - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

Someone who cares enough to get the whole truth from the Buyer and finds the perfect set of solutions

Oct 08, 2018 11:23 AM
Rainmaker
1,500,682
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

Mortgage? 

Oct 08, 2018 11:09 AM
Rainer
6,153
Michael Faulkner
American Pacific Mortgage - Scottsdale, AZ
Mortgage and real estate expert educator!

Hello friends! If you have time do me a favor and check out this recent BLOG I wrote about this topic. It might help answer your question. As always, I try and provide educational content that adds value!

 

Thank you.

 

https://www.faulknermortgage.com/blog/first-time-home-buyers-choosing-a-lender

 

Michael Faulkner - Branch Manager

A Division of American Pacific Mortgage Corporation NMLS #1850

NMLS #225942

EQUAL HOUSING OPPORTUNITY

AZ Corp BK 0906702

CA BRE (Individual/01215943)

Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act

Lending in CA and AZ only  

 

© 2018 American Pacific Mortgage Corporation. All information contained herein is for informational purposes only and, while every effort has been made to ensure accuracy, no guarantee is expressed or implied. Any programs shown do not demonstrate all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products may not be available in all states and restrictions apply. Equal Housing Opportunity.  

Nov 14, 2018 04:42 PM
Rainmaker
3,243,265
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Help them if their credit score is low.

 

Oct 13, 2018 11:37 AM
Rainmaker
4,160,435
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

To guide you through the lending process.

Oct 12, 2018 05:49 AM
Rainmaker
3,983,713
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

A lot more than you will think

Oct 09, 2018 08:49 PM
Rainmaker
4,432,467
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

prequalification..

Oct 08, 2018 04:09 PM
Rainmaker
745,290
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Explanations as to the process and what they need to qualify for a mortgage.

Oct 08, 2018 03:50 PM