Thinking about owning a home one of these days, even if it
is not going to be very soon?
A good way to start is of course to talk to a Realtor® (not
just a real estate agent). A Realtor® is
a member of the National Association of Realtors®; he adheres to a very strict
code of ethics. Not all agents are Realtors®!
Some of us however like to do some research first,
investigate and read about a subject, and be comfortable before making a
move.
A very good place to start, which is not very well known, is
the Consumer Financial Protection Bureau which was created right after the 2008
financial meltdown. Their “Owning a Home” page is
really comprehensive, full of essential information about the whole process. It touches on the financial aspect of the
journey to owning a home (loan options, rates etc…) to the actual procedures of
closing such a transaction. By the way,
these procedures include new documents and disclosures that will be taking effect on August 1 of
2015. The old closing documents and
forms will be shelved.
In the financial part, you will see that no one can quote
you a rate right off the bat, without knowing a good deal about your personal
situation. So, when you read about that
fabulous rate in the paper or in an ad, you’d better be careful, - it is
probably for the cleanest, richest, ideal top-credit-rating person My advice
is rather to choose a loan agent whom you know will look out for the best
loan for you when the time comes (not necessarily the cheapest). You will also see that depending on the type
of loan, you can borrow more or less…
that walked
on the surface of this earth.
that walked
on the surface of this earth.
As far as the details on the procedures, paperwork, customs
and uses, and the most efficient ways to go about doing your search and
purchase, I’d go back to your Realtor® of choice - the one whom you
know will look out for your best interest.
Thanks for reading!
Francis
Trends: Local prices and graphs.
The total yearly stats, locally by City, for 2014.
Note: our next free E-Waste collection and shredding event will be on:
Sat. 4/11/15, at our Coldwell Banker office at 161 S. San Antonio Rd, Los Altos.
Times: E-Waste 9am to 3 pm. Shredding: 10 am to 2 pm (or until our truck is full).
The total yearly stats, locally by City, for 2014.
Note: our next free E-Waste collection and shredding event will be on:
Sat. 4/11/15, at our Coldwell Banker office at 161 S. San Antonio Rd, Los Altos.
Times: E-Waste 9am to 3 pm. Shredding: 10 am to 2 pm (or until our truck is full).
