Let's TalkReal Estateby Jeff BraunGETTING FINANCES IN ORDEROne common provision on purchase HINT: While "pre-qualification" means thatacontracts are the "mortgage-contingency lender has evaluated your creditworthinessrider" that allows the buyer a specified and has decided that you probably will beperiod of time to obtain a commitment for eligible for a loan up to a certain amount, afinancing at a specfied interest rate for a pr-appova" letter states that you qualifycertain amountof money. This rider provides for a specific mortgage amount.critical protection to the buyer in that it When you are pre-approved for aallows the buyer to void the contract without mortgage, it means a lender haspenalty if he or she is unable to obtain detemined how much you can borrow,financing after making a reasonable effort the loan programs that you may qualifyto do so within the time provided. However, for, as well as the interest rate you qualitybecause this type of clause is favorable to like credit score, income, debts andthe buyer, the seller'sgt my suggest employment history. For more informationthat the buyer obtain a "pre-approval letter about sales listings in your area, please calfrom the lender, which gives the seller a JEFF BRAUN REALTY at (262) 878-9599.degree of confidence that the buyer will get We have been assisting buyers in yourfinancing.for. This assessment is based on thingscommunity since 1981www.jeffbraun.info

Date: April 8, 2018

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Let's Talk Real Estate by Jeff Braun GETTING FINANCES IN ORDER One common provision on purchase HINT: While "pre-qualification" means thata contracts are the "mortgage-contingency lender has evaluated your creditworthiness rider" that allows the buyer a specified and has decided that you probably will be period of time to obtain a commitment for eligible for a loan up to a certain amount, a financing at a specfied interest rate for a pr-appova" letter states that you qualify certain amountof money. This rider provides for a specific mortgage amount. critical protection to the buyer in that it When you are pre-approved for a allows the buyer to void the contract without mortgage, it means a lender has penalty if he or she is unable to obtain detemined how much you can borrow, financing after making a reasonable effort the loan programs that you may qualify to do so within the time provided. However, for, as well as the interest rate you quality because this type of clause is favorable to like credit score, income, debts and the buyer, the seller'sgt my suggest employment history. For more information that the buyer obtain a "pre-approval letter about sales listings in your area, please cal from the lender, which gives the seller a JEFF BRAUN REALTY at (262) 878-9599. degree of confidence that the buyer will get We have been assisting buyers in your financing. for. This assessment is based on things community since 1981 www.jeffbraun.info