Regan Archer Real Estate

Got Questions? Text or Call Me at 916-705-4057

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The Big Why

The big WHY is more important than the WHAT.  The WHAT is simple and where I step in with the HOW.  BUT, it is the WHY that fuels the WHAT! 

What am I talking about?  Whether you are buying, selling, refinancing, fixing and flipping, long or short term renting, these are the WHATs.  Asking WHY we want to move, why we want to sell, why we would keep a home and rent it out... these are the bigger and more important questions.  

So, what's your WHY? Relationship-based?  Financially motivated? Here's a great TED Talk on the topic:

Financing

The first step to home ownership is to crunch the numbers.  Most sellers won't entertain an offer from a potential buyer that has not gone through the pre-approval process.  Some buyers present offers with a pre-qualification letter, but buyers with a pre-approval letter are much stronger buyers. 

There are several things that get considered by a lender when deciding how much of a loan they will give you. We talked yesterday about your credit scores being one factor. Another consideration is your LTV (Loan to Value). This is the calculation of how much you are putting down. If you put 20% down, you will have an 80% LTV, get a better interest rate and won't have to pay mortgage insurance. The third factor is your DTI (Debt to Income Ratio). Lenders would rather you are only borrowing around 43% or so of your available income. They take your current debts payments (car, student loans, credit card payments, etc) away from your monthly income and then will lend you up to 43-50% of the remainder. 

For most, this can get pretty technical and that's why as a real estate professional, I've also chosen to go the extra mile and get my Mortgage Loan Originator license to help you get your loan. My goal is to simplify your life, streamline communications, and to make sure that you not only get the home of your dreams but the best mortgage possible too! 

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On A Lighter Note

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Regan Archer

Brokers Guild Classic Ltd
Real Estate Broker Associate, CDPE

Cell:  916-705-4057
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.  

“Helping families and friends make great moves since 2005!

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MY AIM: Since 2005 I've helped hundreds make great moves! There are so many bumps and hurdles in real estate, especially in this kind of market! This is where my extensive training and real-life experience will benefit you the most. By listening to your needs, helping you to understand and apply the right real estate strategies, and by overseeing and pulling together all the details, I will help you make the right move!

Ready to get started or just have a question... Call me today!

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