Talk to a mortgage broker or lender to get prequalified for a mortgage. This will help you to determine your price range so that you don’t waste time looking at homes that you can’t afford to buy.
Sioux Falls Home for Sale under 115k. Over 2000 sq. ft. 1.5 Story Home in the heart of Sioux Falls. 5 BR 3 BA 1 CAR. Large Master and a large 2nd bedroom both on main and 3 additional bedrooms and a full bath on upper levels. 3/4 Bath on main level has additional entry from MBR.
This home is graced with exquisite hardwood floors and 9′ Ceiling on main, Formal Dining with wood burning fireplace, Large Living Room and Den with trayed ceiling on main. Basement has a functional 3/4 bath and room for a potential sauna. Home has been updated in the last 10 years.
Main floor laundry in a nice breezeway with pergo floor.
Freshly painted interior. New exterior paint on window frames. Partial privacy fence, 12 x 12 wood patio. All rooms, but one, have ceiling fans. Hot water heat. $3000 Kitchen allowance.
RISMEDIA, Qualifying for a mortgage is certainly not as easy as it used to be. The turmoil that has gripped the housing and the credit markets has led to lenders tightening their approval standards. But while it is more difficult to qualify, it is not impossible.
From www.peoplejam.com, an online self-help community, here are four tips to help you improve your chances of getting a mortgage:
1. Check your credit reports. The three main reporting agencies are Equifax, Experian and TransUnion. You’ll want to make sure that all the information on these reports is correct. If you find some information that is incorrect, you should report the discrepancy immediately to all three reporting agencies. Anything negative on your credit report can hurt you, even if it’s not right.
2. Boost your FICO score. Most mortgage lenders use the FICO score to determine if a borrower will default. Because the score measures your ability to repay a loan, there are steps you can take to improve it. Pay down your debt, pay all your credit accounts on time and keep open accounts with a $0 balance.
Sioux Falls Realtor and developer of Sioux Falls Home Guide.com marketing. Get your home online and visible to anyone with access to the internet. 605-321-3253
