Of the questions that both real estate and mortgage specialists receive from home buyers, it’s not always clear what needs to be done to get a great mortgage loan, and not the least we hear the question: But now what’s more are you going to do? We have not decided to offer this little guide to guide you in the process. Also you can สมัครงานสินเชื่อรถยนต์ .
Banks and real estate courtiers encourage prospective buyers to reserve a mortgage pre-qualification just before they start visiting homes. Everybody has to win: the buyer finds out his real purchasing power, he can reserve the best possible interest for a specified period of 3-4 months, and in the event of an offer, house sellers prefer to consider offers from buyers serious, able to buy. Just one thing: look and talk to a mortgage specialist and not a bank clerk dealing with all the possible operations accounts, credit cards, placements, etc. because mortgage rules and policies are always changing, and it’s good to work with someone who knows them in detail. There are about 25 different mortgage programs and you are unlikely to match any of these programs if the person you work with knows what it is about. A credit check and personal documents available funds, salary and seniority at work, etc. is recommended at this stage.
Search and find the house
Once you have a pre-qualification, immediately start looking for the next home. It is preferable not to spend more than 60 days in this process, so as not to risk losing bank pre-qualification already reserved. Together with your real estate broker it is preferable not to work directly with the one who sells a house because he represents the seller’s interests, and is unlikely to ever tell you not to buy the house he sells – start visiting the homes the desired and priced sector for which you are pre-approved. When you find the right home, you start negotiations with the seller price, date of occupation, notary date, inclusions, necessary repairs, etc.
Documents sent to the bank
Once your offer has been accepted, you generally have 7 to 15 days to get the final approval from the bank. At this stage, you or the real estate you are working with must provide the bank without delay with clear copies of the purchase offer and its appendices, the descriptive cover of the house, the seller’s statement and any other documents the bank asks for, as the case may be.
Estimating the value of the house
If your mortgage loan is secured companies that provide loans where the buyer does not have a minimum of 20% of the house price, a house rating is usually done. If the loan is not insured, an assessor sent by the bank and sometimes paid by it will go to see the house in question to ensure that its market value matches the price you have provided. In case of a significant difference between the offered price and the value the bank approves, the loan may be denied. But this is to the advantage of the buyer, because he does not risk to offer a high price and to stay with an un-payable house.