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How FHA and VA Financing Affects Your Offer If you are obtaining a VA or FHA loan in order to finance your home purchase, you must include that information in your offer. This is because government loans place additional financial and performance obligations on the seller. FHA and VA appraisals are also more strict and…

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How Financing Details Affect Your Offer When making an offer to purchase real estate, financing contingencies should be carefully considered. Your financing contingency should contain information on whether you are obtaining a fixed rate or an adjustable rate mortgage and what maximum rate is acceptable. Of course you may be able to get a loan…

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How Financing Details Affect Your Offer Interest Rates A financing contingency in your offer protects you if interest rates suddenly become volatile and rise quickly. By adding a maximum acceptable interest rate in your offer, you are protecting yourself from such an occurrence. At the same time, the seller will probably want to see that…

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Most buyers do not have enough cash available to buy a home, so they need to obtain a mortgage to finance the purchase. When making an offer, it is vital to include a financing contingency that informs the seller about your financing plans. A seller will want to know that you can quickly obtain a…

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Offering to Purchase Real Estate- the Basics It is absolutely essential that you include a closing date as part of your offer to purchase real estate. This is an important date in the contract and should not be considered lightly. If you’re obtaining financing and a mortgage approval, allow as much time as possible. With…

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If you’re in the market to buy a home, buying anything as expensive as a car is a no, no. Even if you feel you can afford the car payment, mortgage companies approve your mortgage based on their guidelines, not yours. Can I Buy A New Car If My Mortgage Has Already Been Approved? Let’s say…

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