FIRST TIME HOME BUYERS PROGRAMS

9 Great Programs for first time home buyers

These nine great programs can definitely help you get your dream home. Why wait any longer see if you can qualify with anyone of these programs and get that home!

It begins with a mortgage prequalification — unless you’re lucky to have enough money to pay cash for your first house.

Often, first-time homebuyers “are afraid to get prequalified,”

1.FHA LOAN

2. USDA LOAN

3. VA LOAN

4. GOOD NEIGHBOR NEXT DOOR

5. (EEM) ENERGY EFFICIENT MORTGAGE

6. NATIVE AMERICAN DIRECT LOAN

7. FEDERAL HOUSING ADMINISTRATION 203(K)

8. FREDDIE MAC OR FANNIE MAE

9. LOCAL FIRST TIME HOME BUYERS GRANT & PROGRAMS

Homebuyers who put 20 percent or more down don’t have to pay for mortgage insurance when getting a conventional mortgage. Spending all or most of their savings on the

down payment and closing costs is one of the biggest mistakes first-time homebuyers make. If you hire an agent without a referral from friends or family, ask the agent to provide

references from previous buyers. The same goes for loan officers or mortgage brokers.

 

 

Real Estate Marketing Online

INTERNET MARKETING: Internet Marketing is among the quickest changing fastest moving industries and it forces real estate professionals to innovate continuously in order to find the most cost effective manners to market real estate.

ONLINE MARKETING AGENCIES: An aggressive and solid online marketing campaign will make your website authoritative and easy to find systems are companies that help real estate professionals to make their attractive web, effective with lead conversion in the search engines.

WEB DESIGN: A website well designed and great marketing oriented can literally boost your business of Real Estate. There are numerous of people that are web masters for real estate online. do your research an find the best pricing. Make sure they have references on there web work.

EMAIL MARKETING: Setting up an email marketing services enables you to stay before your leads and contacts. email marketing campaign will planned will market your real estate business in the most effective way.

MOBILE/TEXT MESSAGE MARKETING: The use of people using phones now a days are growing steadily. Mobile marketing is set to become more effective an powerful. so having the correct information about your business is key to success. Companies like DriveBuy Technologies & Goomzee offers numerous services including interactive text/sms property listening.

SOCIAL MEDIA : Facebook, Instagram, Twitter, Snapchat, Pinterest. These are other great social media programs that can be used to promote Real Estate. The are free to sign up with any smart phone.

DOCUMENTS YOU’LL NEED TO GET YOUR HOME

Documents You’ll Need!!!

Along with pulling your credit score, once you’ve chosen the best bank to get a home loan with, you’ll need to start compiling some documents that will be required for the process.

It can be a bit burdensome to gather all of the paperwork, but if you go into the process knowing what you’ll need and having it ahead of time, it can speed the process up quite a bit, as opposed to having to look for a missing document when you’re already well into it.

You’ll likely need some or all of the following documentation:

  • W-2 forms from the past two years
  • If you own a business, you’ll need 1099s, or profit and loss statements
  • If you work for someone else or collect a paycheck, you’ll need recent stubs
  • You’ll need the past few years’ federal tax returns
  • You should compile a list of your debts and documentation of them, including everything from student loans to credit cards and child support payments
  • A list of assets that includes your bank statements, mutual fund statements, titles to any property or cars you own, and records of your investments
  • You’ll likely also need to bring canceled checks showing your current rent or mortgage payments

If you’re getting a specialized mortgage, such as a VA loan, you’ll need even more documentation, and if you’re a self-employed borrower, your loan officer might want to see more documentation as well.

6 BEST BANKS TO GET A HOME LOAN

1. BANK OF AMERICA

2. CHASE MORTGAGE

3. CITI MORTGAGE

4. PNC

5. U.S. BANK MORTGAGE

6. WELLS FARGO MORTGAGE

 

 

HOW TO GET PRE-APPROVED FOR A MORTGAGE

ANSWER FREE, LLC

Getting pre approved requires 4 things

How much money can I actually get? Most banks, in general, are going to qualify you for between 40% and 50% of debt. So If you make $4000 a month, then they believe you can handle $2000 a month of debt. If you only have $500 a month of payments, then that allows $1500 more dollars for home loan payments.

 

1.GET PRE-APPROVED … A Pre-Approval is a starting process of determining how much you can afford!!! During the pre- apporval process they will have to make some kind of assumptions depending on the property location for the purchase, taxes and also for homeowners association dues and  property insurance.

 

2.REVIEWING INCOME… the underrating process to determine or calculate a borrows income can very greatly depending on the borrows pay structure whether or not that client is self employed or W2 wager or commission bounces structure.

 

3. SAVING FOR DOWN PAYMENT… minimum of FHA requirements down payment of  3 in a half % of the purchase price conventional loan castrated popular believe minimum of the investment is 5% balance of the purchase price many barrows associate conventional loans  with 20% down, but that is not the case.

 

 4.UNDERSTANDING YOUR CLOSING COST… typical closing cost at a real estate purchase transaction, can include a Pracil, inspections, attorney fees, establishing a taxes and insurance escrow and finally a state and county real estate transfer and according fees.

 

GOOD CREDIT SCORE

Personal Credit score is important, it drives many things!!!

  1. Approve or Not
  2. Qualify For
  3. Interest Rate

The first thing it’s going to drive is whether you get approved or not. That’s one factor this is going to go in and how much, maybe, you can qualify for. Maybe the most important thing is the interest rate that you’re going to pay because the credit score is reflecting your financial behavior to perspective creditors. It’s a reflection of the risk. If your risk is high, then they’re going to be compensated for that in terms of interest rate and the interest rate will be higher. Your credit score is very good, the risk is low, you’ll pay lower interest rates.
There are people at every company that they do sort of loans that have risk management people that’s what they do is calculate how much of a risk you are to make your payments or not.
The one that you should really focus on is the FICO score. That’s the one that’s most common and most used everywhere. Every lender will use that FICO score a little bit differently but you can pretty much know the score range. It’s 300 to 850, higher is the better. If you’re in that kind of mid 700 or 750 plus,  That’s excellent credit. The average score for Americans is somewhere between 670 and 680 that’s the average.

Where is the troublesome spot?.. Once it gets below what is considered troublesome! Once you start to get, maybe, around 602, 600 and below, that’s where it becomes trouble some and you’re going to be paying higher interest rates and maybe even having some trouble getting approved. Let’s back up a little For people who may not have a lot of credit in their past, how should go about getting credit or attaining good credit? If you have no credit, here’s the best way to do it. Start small and BUILD. You don’t want to go with no credit an ask for a $60,000 BMW loan. You’re probably not going to get that. So lets be logical  start with a small credit card 500 to $1000, somewhere in that range. Possibilities in getting qualified for it or getting a cosigner that will vouch for you. But make sure you pay all bills on time so nothing negative hits there credit!!

The one element that really goes into effect it is time. If your credit, if you’ve established but it’s low, pay on time. Use things like auto pay to make sure that you can stay up on time on your payments and then the further any derogatories get in the past, the less impact they have on that score. It is good stuff. Having good credit score and keeping those interest rates low!

6 KEY BUSINESS IDEAS TO HELP YOU SUCCEED

  1. DON’T JUST DOUBLE DOWN TRIPLE DOWN ON TALENT THE VERY FUTURE OF YOUR COMPANY THE SUCCESS OF YOUR COMPANY. ITS DIRECTLY DETERMINED BY THE QUALITY OF PEOPLE YOU CAN GET GROW AN KEEP ON YOUR TEAM. GETTING GREAT PEOPLE HAVING A PIPE LINE OF GREAT PEOPLE AND HAVING A LOT OF TALENT IN YOUR ACCUSATION .  GROWING THOSE PEOPLE TRAINING, DEVELOPMENT, ENGAGEMENT , CULTURE. ALSO IN KEEPING THOSE PEOPLE.. TALENT RETENTION SHOULD BE A MAJOR FOCUS OF YOUR COMPANY.
  2. LEADERSHIP TEAM HAS TO BE TOP TALENT AS WELL. MORE IMPORTANTLY THEY MUST WORK TOGETHER AS A HIGH PERFORMANCE TEAM! “A GREAT TOP TEAM DRIVES SUCCESS” AN “A DYSFUNCTIONAL TOP TEAM CAN DESTROY THE FUTURE OF A COMPANY” THAT YOUR TOP MANAGERS AN HAS A HIGH LEVEL OF TRUST THEY CAN SPEAK WITH EACH OTHER ANS TELL THE TRUTH AND CAN HANDLE  DIFFICULT CONVERSATION HANDLE CONFLICT SUCCESSFULLY .THAT HAVE A EXTREMELY  HIGH LEVEL OF PERSONAL OR MUTUAL ACCOUNTABILITY  ACROSS THE EXECUTIVE TEAM THAT IF SOMEONE MAKES A COMMITMENT THEY WILL TAKE IT TO THE BANK ITS GONNA GET DONE, THAT THEY ALSO ARE A LIVING EXAMPLE OF THE CULTURE THE WALK THE TALK AND TALK THE WALK. THEY ARE VERY FOCUSED ON RESULTS.
  3. CULTURE EQUALS CASH IMPROVING THE CULT . IF THEY ARE GETTING EXCITED AN FUN. PROACTIVE INNOVATED
  4. STRAGGEDY AN INNOVATION   FANTASTIC IDEAS  ALSO WITH THERE PRODUCTS …  BUT NEED TO EXECUTE ON THE IDEAS EFFECTIVELY. WHEN THINKING STRAGEDY NO MORE THEN 6MONTH NO LESS THEN 20 YEAR. GET A STRAGEDY THAT CAN BE AGILE AN ADAPTABLE AND CAN MOVE QUICKLY ACCORDING TO  REAL CHANGES TO THE MARKET PLACE, WHEN  CHANGE REALLY HAPPENS IN THE MARKET PLACE. ALWAYS HAVE A BALANCE
  5. FORMULA AGILE STRAGEDY PLUS LONG TERM VIEW MULTIPLY BY DISCIPLINE EXECUTION !!! (VOC+CSCS)= VOICE OF THE CUSTOMER . WHO EVER OWNS THE VOICE OF THE CUSTOMER OWNS THE MARKET PLACE. ALSO WHOEVER LISTENS TO THE CUSTOMERS THE BEST AN UNDERSTANDS THEIR DEEPEST FEARS AN UNDERSTANDS ALSO THERE EXCEPTIONS HAS A HUGE MARKET ADVANTAGE’
  6. TECHNOLOGY IMPACTS YOUR BUSINESS HIGHLY. SPEND 5% TO 10% OF YOUR TIME STUDYING THE NEW TECHNOLOGY THAT IS COMING AN THINKING ABOUT WHAT ARE THEY GOING TO DO FOR MY BUSINESS IN FIVE TO TEN YEARS … A LOT OF TECHNOLOGY IS JUST WAITING TO GO UP TO SCALE AN GO DOWN TO PRICE  IN THE CONSUMER MARKET.
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top 5 credit cards of 2017

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