FindCRE's Blog: Buyer Tips

Right now could be a prime time to make a purchase in the Dallas housing market. Interest rates are at lows we may not see again for a long time – if ever – and home prices have leveled out. If you have cash for a down payment and good credit, you will have no trouble qualifying for a home loan.

Prior to completing the home buying process, though, many people forget how new expenditures and shuffling money around can affect their ability to qualify for a mortgage, or how it can impact the price of a home they can afford.

Debt to Income Ratio

If you enter into a negotiation on a piece of Dallas real estate, the lender is going to look at your debt to income ratio in determining whether you qualify for a loan. What this means is they will compare the…

Potential home buyers located in Dallas can find the market to be a confusing and competitive place. The number of Dallas homes for sale is incredibly large, causing buyers to wonder how to find the perfect home. Also, when a buyer considers financing options, they are entering a plethora of confusing topics. Here are seven tips that can assist a buyer in finding the perfect piece of Dallas Texas real estate and how to receive the best financing.

1) A buyer needs to be pre-approved for a mortgage loan before they even begin to look at homes. A Dallas Realtor can put you into contact with qualified lending institutions.

2) It is important that a buyer hires a buyer’s agent, to ensure that the buyer has someone operating on their behalf.

3) Before…