Posts Tagged ‘des moines ia home’

Home buying with Less than Perfect Credit.

Wednesday, January 26th, 2011

Hello Des Moines, IA Mortgage Readers!

So far in our steps to landing that Iowa home loan we have looked at taking care of your total debt, finding out how much you can afford, and searching for the right loan program for you. Today we’ll discuss how to get a mortgage in Des Moines, IA even if you have less than perfect credit.

In today’s world many people find themselves struggling to stay on top of bills which can cause financial discomfort and possibly some dings here and there on credit scores. Well many lenders and the government have taken that into consideration and there are many programs available to help you get into your Des Moines, IA home. We talked about FHA loans before and how, even with less than perfect credit, you can get a loan up to 97% of the value of your Iowa home purchase. The lesson here is, even if your credit is not perfect that doesn’t mean you can’t get the Iowa home your looking at. Call your local Iowa mortgage broker and see what rates are available for your exact situation.

-Dan

www.sayhalo.com

Tags: , , , , , ,
Posted in Uncategorized | 5 Comments »

Homebuyers (Part III)

Monday, January 24th, 2011

Des Moines, IA mortgage Readers!

So for part three of our home buyer tips we will talk about shopping for the right home loan in Des Moines.

First you should know that there are many different options out there and a lot of them will depend on how much you can afford. For example there are lows now where a 3% downpayment is acceptable as long as you have a steady job and good credit. Although the more money you can come up with for a downpayment, the more options you will have loan wise.  There are some programs where you can pay 10% down and not have to pay mortgage insurance on your mortgage in Des  Moines, IA. Instead they would wrap the cost of MI into your interest rate which would make it tax deductable. So once you have figure out just how much you can scramble together for a down payment, you can begin shopping around for the best home loan in Iowa that will benefit you. As long as you have your figures right and do some shopping for the right program, getting a Des Moines, IA home should be a piece of cake.

-Dan

www.sayhalo.com

Tags: , , , ,
Posted in Uncategorized | No Comments »

5 tips for homebuyers during the recession.

Thursday, December 30th, 2010

Hey Des Moines, Ia mortgage readers!!

Well I have been skimming through article after article to hear some of the professional opinions on what is believed to be the most useful tips for getting a mortgage in Des Moines, Ia and buying a home in today’s market. After doing some research these five seemed to be the tips mentioned the most.

1. Research your local market. This is one of those situations where you can’t just look at the big picture. Keep in mind that even though a seller may be eager to sell their home, it’s not necessarily a bargain. Your main objective here is to look at the prices in front of you and determine if they are high or low compared to other Iowa homes for sale in your area.

2. Weed out the desperate and eager sellers in your area. If you’re going to get an Iowa mortgage it would make sense to do some local shopping and determine who is more willing to negotiate pricing. Also be aware that when you call a listing phone number you’re probably talking to the selling agent who is trying to get the most profit out of the property, but at the same time may be more than ready to negotiate in this market.

3. Let your realtor know you expect them to work to keep your business. If that means using new creative ways to sell the home and being more aggressive with sellers than so be it. Also you can help them out by simply being pre-approved for an Iowa home loan, it will help them know just how aggressive they should be.

4. Details. There are hundreds of tiny little details when buying Des Moines, Ia homes. You have to remember that you are not the only one looking for a good deal, so make sure when you find one, all of your ducks are in a row.

5. Make sure you take an extra close look at the title. If there are judgemenst against the home you will want those to be taken care of before you try to purchase it. You do not want to find out about a lien later on down the road.

-Dan Morgan

www.sayhalo.com

Tags: , , ,
Posted in Uncategorized | 2 Comments »