Posts in Category: Home Loan

Obtaining the Best Cash Price for Your Home

Are you interested in selling your house we buy houses? Nope. Do you need to get the most you can possible but don’t have a lot of time to wait around? If so, there are a few things that you can do that will help you in obtaining the best cash price for your home. By doing so, you are likely to end up with the money you need to get started on your new life.

Curb appeal is a term thrown around a lot in the real estate market. While you might think that it shouldn’t make a difference if you are selling the property below value, that is simply not the case. Buyers still have a mental association with the first impression so, make sure it is a good one.

You can clean up the yard and have it landscaped for a reasonably small amount of money. You can get your family to work on it or hire some help. Either way, make sure the house looks good when you first pull up into the driveway.

Another thing you need to do is remove all of the clutter. After all, you are planning to move out. So, take advantage of the opportunity to get rid of your unwanted belongings and put the rest in storage. Throw a new coat of paint on if necessary and clean the place up. This can also send a message to the buyer that the place is worth more. A stack of newspapers in the corner from 1993 will not make a good impression!

These are a couple of easy things that you can do that won’t take much time or money but will make your home look better to whoever it is that you are trying to sell it to!

Can You Get a Home Loan if Your Credit Rating is Bad?

A new home is perhaps the biggest purchase that the average person will make in their lifetime. It is something that can take decades to pay off, but that is well worth it because of the financial freedom and confidence that it can provide. If you are considering buying a new home then Check This Out. You have probably put a lot of thought into taking out a mortgage.  The sad fact is that mortgages usually require a good credit rating.

If you have a bad credit score, you will find it very hard to get a mortgage from a mainstream lender home page. That’s not to say that it will be impossible, just that it will be harder to find someone who will lend to you, and that the interest rates will be higher. Also, you will see that there are a lot more restrictions on the amount you can borrow with a poor credit rating – you will find that lenders are more careful to consider your borrowing cost versus your earnings and that they are more likely to want a large deposit. The generous loan to value amounts offered to someone with a high credit rating will not be available in the sub-prime market.

Your best option, if you can afford to wait to buy a property, would be to repair your credit rating before you start looking for a mortgage. If you cannot do that, then you could get a sub-prime mortgage, but it would be a good idea to try to get one that is fixed interest, and then to start trying to repair your credit rating slowly, so that you can move to a much better mortgage once you are more attractive to the mainstream lenders.