Eden Prairie Homes for Sale & Where to Find Them!

2/26/2013

 
Looking for Eden Prairie, MN Homes for Sale? http://greatminnesotarealestate.com/
CLICK HERE for a short message about how (and where) to search for Eden Prairie properties that are currently on the market here in Minnesota.

https://www.youtube.com/watch?v=cG9O0hdwwgo

Key Benefits of Attending a Home Buying Seminar

1/18/2010

 
Mortgage lenders, banks, libraries and MN real estate firms often host home buying seminars to educate the community about the home buying process. Whether you're a first time homebuyer or are thinking about moving to a new neighborhood, the home buying seminar in your area is a great place to have your questions about home buying answered by local professionals.

Home buying seminars typically take place in a meeting room in a local library, at a community center, or even in a banquet room of a local restaurant. The presenter may create a PowerPoint presentation or slideshow to highlight key points about the home purchasing process, or conduct the seminar ina lecture style format with a Q&A session. These group sessions are usually free, and you'll be leaving with a wealth of information about homes and purchasing options.

One of the key benefits of attending a home buying seminar is getting to know local realtors in person. Instead of doing your research solely online or by calling different realtors over the phone, you'll have a chance to interact with realtors who are looking for new clients. This can be the basis of a new relationship, and you'll have the chance to pick up their business card and learn more about their services or the firm they are working for.

Mortgage lenders that conduct home buying seminars will educate you on the financial side of home buying, and may introduce several loan packages and programs available, or even prequalify you on the spot. Meeting mortgage lenders at these events helps you establish a relationship and may make it easier for your to get started on the preliminary loan document process.

Some lenders and realtors may also offer discounts or incentives for attending their own branded seminar. While local libraries and educators also host these informational events, they may not be able to direct you to specific professionals in the area. When you attend a seminar hosted by a lender or realtor, you'll have an opportunity to get referrals and other insider information about services you need. Mortgage lenders who host the event may waive your closing costs if you attend the event, and realtors may offer gift cards or other free gifts as part of their invitation.

The book, "1,200 Great Sales Tips for Real Estate Pros" by Christina Spira and Mariwyn Evans, explains that realtors who make the extra effort of creating presentations and give gifts because of their desire to establish a close relationship with their prospective clients. These seminars can be used to assess the company, their agents, and how they will service and treat their prospective clients.

Attending home buying seminars will give you several benefits and it is the perfect venue for you to get all the details about the process from highly experience professionals. Consider signing up for one or two of these events so that you can get inside information about the current market and learn more about the realtors in the area.

First Time Home Buying Tips For Getting Prequalified

4/15/2009

 

Are you aware that choosing the right loan for your ideal Minnesota property is a crucial step in any homebuying activity? Before you get prequalified and preapproved to loan for your new home, you need to keep in mind several measures and have to make sure your credit report is sufficiently examined. A common practice among prospective lenders is scrutinizing the loaner's credit report and other financial records; as you go through loan prequalification and preapproval - secure your free credit report from a major credit bureau so you can check for any errors.

If you do find errors in your credit report, make attempts to have them cleared up as soon as possible and keep written records of all communications with the creditors or the credit bureaus themselves. After that, you're ready to approach the financial side of home buying; here are a few ideas for getting prequalified or preapproved for your first home:

1. Do a research on various mortgage program via the Internet. There are many online resources where you can actually see the lists of current interest rates for various loan packages such as LendingTree.com and Bankrate.com. An initial step would be to look at some options or better yet, submit your personal information for sample or preliminary review. In just a few days, a loan representative may communicate with you and guide you along the way.

2. Consult the right authority in your area bank. One of the most practical ways to follow when securing a prequalification letter or preapproval status is to seek the help of your bank's mortgage loan officer. As the author of the book "100 Questions Every First Time Home Buyer Should Ask", Ilyce Glink mentions, this process may be quite time-consuming compared to online processing. Nevertheless, this is more preferred by most people and they would opt to get started with the bank personnel's assistance. But either way, the same kind of service is delivered.

3. Dial the telephone. Another option you may try is transact your loan prequalification over the telephone, instead of online or bank methods. Some lenders offer this kind of service and all you have to do is ask the local bank for the number so you can give or submit your personal details through the phone.

4. Try a national lender. National lending companies such as Countrywide home loans and Bank of America also offer online services and over-the-phone prequalification and preapprovals, giving you more options for your future loan. Visit these lending companies' websites to learn more about current rates and send in your information to become prequalified for your loan.

5. Visit an aggregator website. This type of online resource provides documents on rates and services offered by different lenders and a good option where you can submit your personal information instead of a bank or any other financial institutions. Several options are available for you to choose from after you have submitted your info.

Getting prequalified and preapproved for a home loan is the first important step in home buying. Use any of the above resources to get the process started and get the best rates for your future mortgage.