A personal consultation will help me find you the type of home
that meets your needs. I will also discuss your financial situation
with you in order to determine the price range that will be
suitable, if you have not already been pre-qualified.It is
important for me or your lender to know:
1) How much of your savings you intend to use toward down
payment and closing costs.
2) Your annual gross income (before taxes).
3) The length of time with your current employer and previous
employers, for the past 2 years.
4) Your monthly payments on long term debts (such as a car
payment) and credit card balances.
5) Child care expenses and/or alimony, if any.
6) Whether or not there have been any bankruptcy or credit
problems.
The information which you provide will be held in strict
confidence.
Pre-Qualifying and Lender Requirements
Sandi is familiar with the lender’s requirements and, using the
previous information, will be able to determine your price range and
your ability to qualify for a loan. In this counseling session. I
will tell you approximately how much you can anticipate in closing
costs and prepaid items at the time of closing. I will suggest that
you actually meet with a lender before house-hunting if there is any
question regarding your qualifications or simply to get a head start
on financing.
Financing Options
Depending upon the price of the home and/or the amount of your
down payment, there may be several options that fit your needs. They
include VA (for military veterans only) which allows 100% financing
of the purchase, FHA (Federal Housing Administration) which allows
purchase with as little as 3% down and CONVENTIONAL, generally the
best option when putting down 20%.
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Contact Info:
Sandi Schmude
100 NW Englewood Rd.
Kansas City, MO 64118
816-453-9100 ext. 129
816-729-5500 Cell
sandi@homeinkc.com |
