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Pre Purchase
Coaching |
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If you are planning
to purchase
a home for the first time, even if it is a
few years away, Pre Purchase Coaching is for you! |
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factors that affect a first time home buyer's
ability to purchase a home, including: |
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Your Credit Score
and the strength of your credit report
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Total monthly payment
obligation, including car payments
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Your overall debt ratio
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Your length of employment,
whether you are self employed or employed
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How long you have been in your industry
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Pre Purchase Coaching
includes: |
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Professional evaluation
of your current situatuion and your credit
report
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An Action Plan to
put you on the path to qualify for a mortgage
when you want to buy your first home
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An Outline of the Common
Pitfalls that can disqualify even those with
great credit history and good income.
- See my
Pre Purchase Coaching Video for some
timeless advice!
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Before you contact a Realtor
and go shopping for a home, you must see a mortgage
broker for either a pre-approval or a rate hold. |
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A pre-approval is a
term for a mortgage application that has been
reviewed and underwritten by a lender, thus
approving a client for a price range |
A rate hold is a
term for a mortgage application that has not been
underwritten by the lender, but they have held the
interest rate for you for the next 90 - 120 days.
If rates decrease by the time you have an accepted
offer to purchase, you get the lower rate.
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- Get Pre-approved
by your Invis mortgage broker
- Choose Your
Realtor and go shopping!
- Make an offer to
purchase and negotiate
- Bring your
contract and supporting documents to your
mortgage broker
- Get your
inspections and remove contingencies in the
contract
- Complete
transaction at your Solicitor's office
- Move in!
More information on
the
Real Estate Purchase Process
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