A4HB Homebuyer's Blog

2.1.3 Financing Your Home Purchase

Financing Your Home Purchase Be a Competitive Buyer In a competitive market, a successful buyer will choose a lender early on and get the loan process started. In addition to figuring out what you can afford and how you will finance your home purchase, starting on the loan process is critical in other ways too. Prepare to Make a Competitive Offer The Colorado purchase contract has a section where the buyer must specify the type and amount of the loan they are planning to obtain. This is because the loan type can affect the seller. Your loan type determines the

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November 9, 2017 No Comments

2.1.2 Meet with Lenders and Real Estate Agents

Meet with Lenders and Real Estate Agents Interview Professionals To start the home buying process, meet with lenders and real estate agents. At a minimum, you’ll gain an understanding of the process and your available options. If, in the end, you decide that you prefer working on your own, at least you will have picked up some useful information. There are great resources available to you at little or no cost. Use them. Meet with a Lender During a one hour meeting with a loan officer, you should be able to find out how much you can borrow. A lender

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November 9, 2017 No Comments

2.1.1 The Home Buying Process

The Home Buying Process Problems Buyers Encounter In many cases, home buyers lack a clear understanding of the home buying process or the roles of the people involved. Often, they just don’t understand the best way to get the process rolling and how to keep it going. Because so much is at stake, this can create a high anxiety level throughout the many steps in the process. These misunderstandings can cause buyers to waste a lot of time in a series of false starts before they move forward with a home purchase. Avoiding the False Start Examples of those false

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November 9, 2017 No Comments

2.1.0 Educate Yourself About the Home Buying Process

Educate Yourself About the Home Buying Process Information is Power Like any other complicated undertaking in life, the home buying process has conventions, protocols and a vocabulary all its own. If you take a little time to educate yourself about the home buying process at the beginning, you will be way ahead of the game. There are whole volumes on the home buying process that deal with many of the issues discussed on our website. You can find a lot of information elsewhere on the web as well. The Freddie Mac website, for example, offers a simple but useful description

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November 9, 2017 No Comments