Incredible Price for this 4 bedroom home.
Ideal for Millennial First Home Buyers!
And…It’s Eligible for Up to 100% USDA Financing.
The USDA Guaranteed Rural Housing Development Loan offers many benefits to qualified Millennial Home Buyers.
• No Down Payment Required! Up to 100% Financing of the home’s appraised value.
• Ability to Finance the Closing Costs into the loan when the appraised value is greater than the negotiated sales price.
• One 30 year fixed rate mortgage at today’s low interest rates.
• Reduced Mortgage Insurance. Beats FHA any day.
Reach out to Rick Cignoli to find out if the USDA Guaranteed Rural Housing Development Loan is the right mortgage option for you.
Take advantage of his FREE Jump Start Mortgage Pre-Approval service. Then call your Realtor to schedule a showing and be ready to make an offer
Raised ranch features large country kitchen with breakfast bar opening to bright living room with cathedral ceiling. Nicely situated on level lot in quiet country setting. Ideal for Millennial First Home Buyers
It’s Eligible for Up to 100% USDA Financing!
The USDA Guaranteed Rural Housing Development Loan offers many benefits to qualified Millennial Home Buyers
♦ Up to 100% Financing of the home’s appraised value – No Down Payment Required
♦ Ability to Finance the Closing Costs in the loan when the appraised value is greater than the negotiated sales price
♦ One 30 year fixed rate mortgage at low interest rates
♦ Reduced Mortgage Insurance. Beats FHA MIP.
Reach out to Rick Cignoli to find out if the USDA Guaranteed Rural Housing Development Loan is the right mortgage option for you and to take advantage of his FREE Jump Start Mortgage Pre-Approval service.
Then call your Realtor to schedule a showing and be ready to make an offer.
What is the benefit of having a Mortgage Pre-Approval when looking for a new home?
There is a difference between a Mortgage Pre-Qualification and a Mortgage Pre-Approval.
A mortgage pre-qualification is based on the information you verbally give to your loan officer to get a snapshot of how big a house you might afford and how much money you can afford to borrow to buy it.
A Mortgage Pre-Approval is an application file reviewed by an underwriter to be sure your income; assets and credit history qualify you to get the loan you are applying for.
Knowledge is Key: A Mortgage Pre-Approval gives you a firm idea of how much house you can afford. The underwriter bases this amount using a formula that compares your income to your total outstanding debt.
The Debt:Income Ratio (DTI) is derived from the monthly payments that show up on your credit report and the income documents you surrendered as part of the process. This will keep you focused on the big picture and help to prevent being disappointed if you fall in love with a home that is too expensive.
Improve Your Negotiating Position: When a seller is comparing two offers and one of the buyers has Mortgage Pre-Approval there is a high confidence level that the deal will go through and close sooner. This may help you to win in a competitive bidding situation.
Confidence in Your Offer: Knowing that the key information in obtaining a mortgage has been reviewed by an underwriter will give you, and the seller, confidence that your offer is bona fide.
Keeping Your Spending On Track: Having detailed information on your interest rate, mortgage payment, closing costs and down payment requirements will help you stay within your monthly budget.
Time is Valuable: Knowing what you can and cannot afford can save you time and frustration in the house hunting process. This will help your Realtor find the perfect house in your price range.
Move in Quicker: Having Mortgage Pre-Approval will save you time when you submit your complete mortgage application for approval. Everything has been done beforehand. All you need is and inspection, appraisal and closing documents. The faster you close, the sooner you can begin to enjoy your new home.
If you are looking to buy a new home, a Mortgage Pre-Approval is the smartest way to get into your new home. Call Me at 860.945.9284 to discuss the right mortgage option for your family and to take advantage of my FREE Jump Start Mortgage Pre-Approval service.
There is a difference between Mortgage Pre-Qualification and Mortgage Pre-Approval. As a potential homebuyer it is important for you to understand the difference and know which one fits your specific need.
Pre-Qualification: A mortgage Pre-Qualification is an informal snapshot of your creditworthiness and how much you may be able to borrow. It’s simple process you can do over the phone or on-line. You’ll answer a few questions about your income, your long-term debts, your down payment and closing costs ability, etc. – Just to get a general idea of how much you can to spend on a new home. Pre-Qualifications not binding. There’s no guarantee that you will, in fact, get a loan for that amount.
Pre-Approval: A mortgage Pre-Approval is a formal commitment from your lender that they will lend you a specified amount of money, subject to an appraisal of the home you decide to buy.
To become Pre-Approved, you’ll need to provide documentation of your creditworthiness and ability to pay. A Mortgage Underwriter will review and verify your documentation to determine how much the lender thinks you can afford to borrow and issue to you a formal Mortgage Commitment Letter. A Mortgage Loan Officer cannot issue you a formal Commitment letter.
By getting Pre-Approved for a mortgage before you start house hunting, you will be able to shop with confidence and show sellers you are qualified and serious about buying their home.
Applying for mortgage Pre-Qualification, or even better, Mortgage Pre-Approval are important first steps in the home buying/home financing process. However, know there is a difference between the two. As a potential homebuyer it is important for you to understand the difference and know which one fits your specific need.
Reach out to Me to discuss the right mortgage option for your family and to take advantage of my FREE Jump Start Mortgage Pre-Approval Service
Price Reduced for End-of-Year Sale! $196,900
Charming 4 BR ranch with finished basement on level lot. https://www.trulia.com/property/3241641942-174-Edgewood-Ave-Thomaston-CT-06787
Eligible for Up to 100% USDA Financing.
Low Rates! Reduced MI.
Closing Costs can be rolled into loan amount.
Beats FHA and CHFA any day.
Reach out to Rick Cignoli at 860.945.9284 to see if the USDA Guaranteed Rural Housing Development Loan is the right mortgage option for you and to take advantage of my FREE Jump Start Mortgage Pre-Approval service.
Then call Sue Holway at Keller Williams to schedule a showing and be ready to make an offer by year-end.
Preparing To Own Your First Home
As a First Time Homebuyer, you’re about to make one of the biggest financial decisions of your life. For Millennials, a new home represents the most expensive purchase they’ll ever make. One of the best things you can do is read, research and learn about the mortgage application process. The more you prepare, the more confident you’ll feel about purchasing the home you want.
Being pre-approved by a lender gives you the confidence to shop for a new house, knowing exactly how much you can afford. You can avoid looking at properties that don’t fit your budget. The pre-approval helps you know exactly what is possible right from the start. In fact, most realtors expect you to be pre-approved.
How Much Can You Afford?
A good place to start is to look at your current expenses. You probably have both “fixed” expenses… i.e. car payments, taxes, or day care … and “discretionary” expenses… i.e. things like travel, clothing, entertainment, or other areas where you can decide how much to spend.
Then, make up a budget. You’ll see how much of your monthly income is already committed to “fixed” expenses, as well as how much you have to spend on a mortgage payment, taxes, and insurance for a home.
Of course, how much you can afford also depends on how much debt you have. Long-term debt – i.e. debt that will take more than 10 months to pay off – is what lenders are most concerned about. If you have long-term debt that is considered “excessive” for your income, it will probably limit how much you can borrow. If you have a lot of long-term debt, you may want to pay off some of it before you apply for a mortgage.
Remember: I’m always here to help make things easier. Reach out to Me at email@example.com to discuss your mortgage options and to take advantage of my FREE Jump Start Mortgage Pre-Approval service.
Are you a Millennial? Are you a First Home Buyer? Are you thinking about moving up of downsizing? Is 2016 the year you’ve decided to get off the fence and buy that dream home?
Real estate professionals are always optimistic about the Spring Buying Season. Sellers have finished staging their home for sale; the grass is green, flowers are blooming and curb appeal is at its peak. The Super Bowl is over; buyers are out of hibernation and doing their on-line research to get prepared to make the biggest investment of their lives.
Spring is almost over, but it’s Not Too Late To Buy in 2016. Here are some facts to consider:
♠ Internet searches for real estate listings consistently peak in July.
♠ About half of all home sales occur between May and August making the summer months the busiest season nationally.
♠ About half of home sales occur in the “off” months of September through April. That’s a lot of traffic.
♠ Studies show that prices tend to peak in the busy Spring season. For Buyers, now is the time to buy..
The bottom line is this: The best time to buy is when it’s best for your scenario. But, please don’t think your opportunity has passed. Low interest rates make now a great time for millennials to be in the market for their First Home. Low financing costs make higher price points more affordable. Get Pre-Approved Now. Now is the time to buy!