Qualifying for mortgage loans has changed completely over the last year. In a declining market, what do mortgage lenders require? Listen to what one southern California expert says about appraisals, mortgage loans and today’s real estate market in this Expert Real Estate Tips segment.
Tom
November 22, 2010
What Mortgage Lenders Require of Borrowers in a Declining Market
November 5, 2010
Loan Expert Gives Construction Loan Advice to New Home Owners
San Diego, CA (PRWEB) September 25, 2006
Home owners considering utilizing for a construction loan will happen many utilitarian tips in the fresh ebook, “15 Things You Should Know Before You Even Think About Applying For A Construction Loan.” Each year millions of Americans make up one’s mind their dream home is a newly constructed residence, often reconstructed just for them. Maneuvering their way through loans, plans, contractors, government requirements, licenses, and paperwork can often go nothing little of a nightmare
“Armed with a few important tips, prospective home owners can easily find their way through the maze,” says Rick Gomez of NationwideConstructionLoans.com, who has been in the construction loan business for more than 20 years
Gomez says the first step is to buy the land your home will go on. “Most people search for building plans first. That can be a mistake. Things will travel much faster and you’ll get better loan terms if you go about procuring your land first along with a pre-approval for the construction loan,” Gomez stated
While most new home owners approach their bank for a loan, Gomez said a loan broker is a better bet. “Going to your bank for a loan is like going to a Ford dealer to buy a car all your choices are going to be Fords. A broker has access to many antithetic types of loans from antithetic sources and can tailor the loan to your needs,” Gomez said
These tips and many more are included in Gomez’s e-book, which explains how new construction loans work. The book has been wildly popular with consumers and is available free for download at http://www.nationwideconstructionloans.com
“Read through my e-book, and I guarantee you’ll know more than the loan officer when you go in to get your loan,” Gomez said
NationwideConstructionLoans.com is projected to assist consumers happen the best construction loans, regardless of where they selected to get their loan. The site also teaches brokers and loan officers how to render their clients with the best construction loans. Additionally, the site features many accommodating links to other resources. Prospective home owners also have the option of working with NationwideConstructionLoans.com’s sister company 1st Metropolitan Mortgage
“Building a fresh home is definitely the best way to personal your dream home. We’re here to make the process as easygoing and appreciated as accomplishable,” Gomez stated
Potential home owners looking for more information on construction loans should visit www.NationwideConstructionLoans.com or www.CaliforniaConstructionLoans.com
Contact:
Rick Gomez
619-222-1059
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July 19, 2010
January 1, 2010
Looking for qualified representative concerning VA home loans in S.FL? any ideas to find qualified person?
It seems that my spouse (100% service-connected disabled veteran) and I can not find the answers we need to acquire VA home loan. We have been told credit issues may play havoc. We have been told VA home loans are guaranteed through the VA system/government; so what is the deal in obtaining a loan? We have been told by many, that my spouse qualifies. We do not want something outrageous; just a comfortable home near the local VAMC. We understand that no matter how your credit is; every vet gets the same rate. We are under contract with someone who claims to be an expert on VA home loans but has told us that we have to repair the credit issue. If we had the money, we would not have issues with credit. The credit issue was developed by a medical situation and can be proven. I do know there are creative mortgage officers/brokers that can make this work; where is a qualified person that can get that can assist us? Yes, I know if I didn’t need money, there would be plenty.
thank you to all those that are assisting… it is greatly appreciated.
DUSTY
