The first thing you need to do before you start looking at houses is get pre-qualified for your financing.  The reason you need to do this first is because you will need a copy of this letter of pre-qualification when you bid on a house.  HUD requires the original letter, with the original signature from the lender.  Even if you submit a bid on a regular house (a non-foreclosure), most sellers will want to see this letter before they accept your offer.

What often happens is buyers find a HUD home they want to bid on and it is Saturday or Sunday.  Lenders usually aren't open on weekends.  So, to avoid this problem, get your letter or pre-qualification early.

  In order to help you get this step out of the way, we have a lender that will pre-qualify you over the phone.  Simply send me an email with your name, day and evening phone numbers, and email address.  A lender will call you, ask a few questions and mail you a pre-qualification letter.  (Remember to keep the original in case you want to bid on a HUD).  It is fast and easy.  This is a FREE service.  They do not charge for this service.  So, click on the green button to send me an email.

Calculating Your Payments

  Free Software.  This software is designed for people buying or selling a home.  You can download it to a disk or to your hard drive.  You will be able to figure your mortgage payments at different interest rates.  You can see what payments would be on a 15 year term versus a 30 year term.  You can see how prepaying your mortgage affects it.  You can see how bi-weekly payments work for your mortgage.  You can see what you will save over the life of the mortgage if you pay bi-weekly.  You can get a general idea of how much of a mortgage you will qualify for.  This is useful software.  Click on the green button above to go to the download page.

Different Mortgage Programs

After you get pre-qualified for financing, you will find there are many different types of mortgage programs to choose from.  There are FHA, conventional, adjustable rate mortgages and many other kinds.  There are 100% programs if you have good credit.  There are many programs for people with "B" and "C" credit.  It no longer takes perfect credit or a large down payment to buy a home.















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