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 "It's a Whole New Ballgame"

INNINGS

 1ST 2ND 3RD 4TH 5TH 6TH 7TH 8TH 9TH EXTRA
BUYERS CREDIT LOANS PLANNING KNOWNS BROKERS MARKET NEGOTIATIONS APPRAISALS CLOSING WHAT IF?
SELLERS FOR SALE PLANNING CLEARING APPEAL DISCLOSURE OPEN HOUSE THE OFFER APPRAISALS CLOSING WHAT IF?
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Q. Where can I find a
list of all the condos
in Charlotte even those not for sale?		 Condo CanDo®
Yes, we can! Yes, YOU can! 		  Days on the market analysis,
right here.
 
 
First Inning - Credit

Pitch 1 - Renting
Sometimes it’s better to rent before purchasing. These times include: when you are not sure about the area you want to call home or the job you just started, and the real estate market and current interest rates. Sometimes you may need time to save more for a down payment or repair a credit problem. The answer to home ownership is
 "Yes, you can."  

Coach's Tips

Pinch Hitters

  • The Free Lunch
     Even if you happen upon the deal of a lifetime, always make sure you can get out as easily as you can get in.

  • The Ranking 
     Be cautious about your first time homeowner ranking. It can bring you a lower interest rate and sometimes down payment assistance.

  • The Totals
     When figuring a monthly payment make sure it includes everything: taxes, insurance, mortgage insurance premium. Everything. In the case of attached housing, be sure of home owners dues and assessments, in place or pending.

 

Pitch 2 - Debt Ratio

When it is time to think about a home, a car and some nice 
electronics, always put the house first. Those debts 
(unless you pay cash) may throw your ratios out of whack 
and you may have to wait on the house. And if you are thinking about quitting or changing jobs, talk to your broker first.
 
Pitch 3 - Couple ship

Buying a house together…or buying a house separately. 
Check out the qualifications for first time home buyers because your money may go further if one of you buys before you marry. 
Marriage changes the rules and also the ownership of the house.
Consider carefully anytime you sign your name for a loan, 
have a home put in your name( as with aging parents) and ask the important questions up front: How will this move affect your capabilities down the road...and ask more than one person.
 


Learn more from your Angel Advocates
Angel Advocate 1
 You just graduated from college where you majored in computer science.

You landed a job with Big Bank in Information Management and start right after graduation.

Your prospects as a new graduate for a mortgage are?

 Angel Advocate 2
In checking your credit, 
your file revealed a repossessed
 car that is in the same name
 as yours,
 but not your car.
 
Your prospects for a 
mortgage are?		 Angel Advocate 3

For your down payment, 
you plan to borrow 
from your 401K or IRA.

Your prospects for 
a mortgage are?
 Angel Answer:
Excellent
Your job is in your major.		  Angel Answer:
Good. This is easily cleared up.
Check your credit report before you find the house...and even before you start looking.

Angel Answer:
 Borrowing from these funds is generally approved.
Good thinking!
 

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