A Real Estate Broker

 Since in most cases the value of their own home is their single largest financial asset, doesn't it make sense to proceed in the wisest way possible and be prepared with the relevant knowledge etc.? Most people depend on securing a MORTGAGE to buy their piece of the so-called American Dream, so the more they know and understand about the process and the necessities, for over a decade as a New York State Licensed Real Estate Agent, I have seen up to too many otherwise - qualified potential buyers, poorly prepared. With this in mind, this article will briefly consider, examine, review and discuss, using a mnemonic approach, what it means and represents.

1. Means; motives; motivating; Money: Do you have the funds to put together a down payment and other necessary cash at closing? Carefully research and understand your personal motives and what you are looking for and what you can afford! What motivates you to move forward, to fulfill some of your personal dreams and desires?

2. Options; offers: There are no mortgages, one size fits all. They come with different maturity lengths and deposit requirements. They also have different formats, from fixed rates, types to various different, variable rates! The better a person knows and understands the offers available and determines which ones are best for their personal circumstances, etc., the more effectively they can determine which options they are looking for!

3. Reasons/reasoning; reality; rates; relevant: What are your reasons for wanting to buy a home, and how will your reasoning better prepare you to make the most personally relevant decisions possible? Be objective and introspective to realize your true, personal reality! Compare rates and terms and read the fine print!

4. Time - tested; early: Do your research and understand the tried-and-true, time-tested reality of mortgages! In changing markets, rates often fluctuate, so making an early decision can make a significant difference in the rate you receive and therefore your monthly costs!

5. Growth/Growth: Our personal growth means, sometimes we experience, growing pains, and thus, it must be acknowledged, the relationship, about preparing for the financial aspects and enjoying the experience, are related!

6. Attention; Attitude: Carry on with a well-considered, positive, can-do attitude, so look at the best way to overcome obstacles in a solution-oriented way rather than dwelling on the negative aspects! The more we pay attention and are aware of the possibilities, consequences and contingencies, the better, the process continues normally!

7. Bigger: Why do you think owning your own home will make your life experiences seem bigger?

8. Earnings; emphasis: Your bank or other credit institution, reviews, many things, including your credit history, etc. One of the crucial aspects is the level and security of your income and history of income! Know your emphasis and be prepared!

The better we understand some of the essentials of a MORTGAGE, the less stressful the process becomes! Will you be ready?

For further details please visit:/

http://www.rescommarketing,com/