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Your Portland Real Estate Agent Can Help You Apply For A Home Loan

by Natasha Ochs

When purchasing a home, all the various rules, the searching, and the financing can make you crazy. Learn the different tricks and tips for a more successful home buying experience.

When you are looking for investment property, consider using a licensed real estate agent to help you with your search, or a real estate broker. These people will have resources that may not be directly available to you. Most brokers have useful tools such as specialized software that can search and sort through MLS listings. These tools will make searching through MLS much easier and prevents you from missing anything.

You should put off a home purchase if you have any uncertainty about your current job or employment outlook. After you sign all the mortgage documents, you are responsible to make that payment each month, no matter what. If things are uncertain at work, then you should be sure that you can make the payments for several months without having your regular income coming in.

You need to see your credit report prior to looking for a new home. Once you have obtained a copy, go over it with a fine toothed comb and dispute any discrepancies that you find. Having good credit will make it much easier to get a mortgage with favorable terms.

Be sure to check out any down payment programs for which you might qualify. Pairing this in conjunction with getting the closing costs covered by the seller can really minimize how many dollars you have to stash away prior to buying a home.

Use these suggestions as a springboard to learn even more about what you need to know in order to purchase a home. If you keep everything you just read in mind, you’ll avoid common mistakes and problems that many first-time home buyers experience. When the hunt is finally over, enjoy your new abode.

If you would like to talk about some different options for purchasing a Portland Oregon area home, or figure out how much home you can afford, contact me today.

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