Real Estate Broker MD VA DC

Real Estate Broker MD VA DC
Sirous M Jafari

Let my over 20 years of real estate experience get you the Most for you...

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Friday, April 23, 2010

Guide to Home Buying a Home Step-by-Step

Before Buying a Home, Get Your Finances In Order

Line up your financing, set aside a down payment and study the loan programs available. By doing your homework, you will know exactly how much you can pay and what it will cost you.I h...ave some options that might be the right fit for you.

* Order a Free Credit Report.
Give yourself time to clean up a credit report that contains mistakes. Dispute errors. Try to reduce your monthly debt obligations now by paying down those loan balances. http://www.annualcreditreport.com/

* Find a Lender.
Check out places to get a mortgage and compare rates and fees. Start with your own financial institution, then interview a few mortgage brokers and choose a loan product you completely understand.

* Determine a Down Payment.
The more you put down, the lower your monthly mortgage payment.

* Consider FHA Loans.
FHA loans carry competitive interest rates, come with minimum down payment requirements and allow sellers to pay some or all of your closing costs.

* Get a Approval Letter.
Showing the seller you are already pre-approved for a loan gives you an edge during offer negotiation.


Financing Options for first Home Buyers in Montgomery County
HOC Rates at 4.75% Fixed with up to$10K loan towards closing Cost at 5% Rate

Financing Options for first Home Buyers in Rockville Maryland
The maximum R.E.A.C.H. down payment and
closing cost
assistance shall be $12,000. It is an interest-free

loan that must be repaid over Seven (7) years.

Of course there some restriction on some of these loan Programs,,, Be in touch with me and I will get more details for you.....

You can always call me at 2408763419 for the list of lenders, new programs, up dated information about what Market offers

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