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%%NAME%%, welcome to my Newsletter
I take pride in providing useful information that you will find helpful when making decisions regarding your mortgage. My monthly newsletter covers different topics each month to help increase your knowledge of the mortgage industry and recent industry happenings. Please take a moment to review the monthly newsletter and click on the links on the left hand side for more news and resources. Feel free to pass this newsletter along to any friends and family members who might find it useful and contact me with any questions you may have.
Thank You,
Kevin Mc Elwain
Spotlight
Are You Making These Six Home Buying Mistakes? Buying a home is typically an exciting, yet expensive and arduous process. As you may well know, becoming a homeowner isn't easy, and even a simple slip up could mean disaster. In order to avoid any home buying mistakes of your own, take some time to review six of the most common buyer blunders below.
Going It Alone
Purchasing a home is a complex transaction, you'll want rely on a team of specialists to ensure you're making wise choices. By building a team of reliable professionals, which may include a real estate professional, insurer, inspector, mortgage professional and perhaps a lawyer, you'll be prepared to tackle the housing market with confidence.
Contact your Allentown Mortgage Corpmortgage professional by calling 610-434-5222 to determine the home loan financing you qualify for before you begin the hunt for a new house.
Shopping Without a Budget
Do you know your budget? If not, you could be wasting endless hours looking at properties that you many not be able to afford. Skip the guesswork and get pre-qualified, or better yet, pre-approved before stepping foot inside an open house. This way, you'll be fully aware of your budget and can avoid those properties that do not fit your buying criteria.
In addition to saving time prior to purchase, those house hunters who have been pre-approved will also have the bargaining power to expedite the home negotiation and purchasing processes. Work closely with your Allentown Mortgage Corp mortgage professional and discuss the pre-qualification or pre-approval process so that know exactly how much house you can reasonably afford.
Love at First Sight
Along the same lines as the previous slip up, many house hunters fall head over heels for a home that isn't within their financial grasp. Shopping for homes outside of your budget only wastes your and your real estate agent's time and causes unnecessary frustration.
It's important to shop and close on a home that fits your needs and budget – be realistic. If you have a $250,000 budget, then shop the properties that fit the criteria your Allentown Mortgage Corp mortgage and real estate specialist identifies and presents to fit your specific case. This will keep you from becoming enamored with a home you can't afford.
Skipping an Inspection
Skipping an inspection could cost you. Be sure the home you have your sights set on is inspected before signing on the dotted line. Inspectors and contractors will help you determine whether or not the house has any serious issues that may or may not be easily detected by the naked eye. A thorough inspection of the property could potentially save you thousands of dollars down the road; so be sure to hire a reliable and knowledgeable professional.
Accepting Oral Agreements
When working with your team of real estate and mortgage specialists, it is important to always get any guarantee, whether it is a rate lock, disclosure or home inspection, in writing. If any disputes between your team arise, you'll be able to reference the details in the documentation they provided.
Skimming the Fine Print
We all breeze through the fine print on contracts from time to time; but since purchasing a home will most likely be the most expensive investment of your lifetime, it is important you take the time to review and ensure that you fully understand the terms before supplying your signature. Request copies of your mortgage and closing papers in advance so that you have plenty of time to review and discuss any concerns you may have with your Allentown Mortgage Corp mortgage professional.
Though these six buyer mistakes are a few of the most common, there are many more that could result in buyer's remorse or worse. Pick your team of mortgage and real estate experts wisely to ensure your home buying experience is a pleasant and painless one. Happy house hunting!
Keeping You Informed
Allentown Mortgage Corp mortgage professionals are dedicated to keeping you informed of the latest market trends and mortgage options. Visit Allentown Mortgage Corp online at http://allentownmortgage.com, or call us today at 610-434-5222, to obtain custom loan options designed to fit your needs and help you obtain your home goals.
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