When you present yourself as a buyer, a seller wants to understand how you are going to buy his property.
Because of the dizzying and changing array of options, consulting a mortgage professional is imperative. The type of mortgage you choose..with a fixed or variable rate, insured by a government agency or not, with options to pay only the interest due for a time, and the length of the loan itself, are all considerations. Some guidelines are:
Be sure you understand the options clearly;
When considering a loan, take into account how long you think you will be in this property, what your personal budget is for housing so that you do not over-extend yourself, and be sure you undersand all the charges that go with whatever loan you are considering.
Shop your loan and your mortgage professional! Compare not only the loan itself, but also the individual who is representing it to you. Look for knowledge, clarity, and your own comfort level.
Above all this, you have consistently been genuine -- a real person, unlike many of the "salespeople" we have felt we were dealing with when we have done other real estate transactions. Thank you, Barbara. I hope that many, many others will get to benefit from the quality of your counsel and the expertise that you bring to the whole experience.
