Free Real Estate Advice | Hall-McGee Realtors the Buyers Brokers of the Seacoast New Hampshire and Maine
1. Getting a "bad" loan like those that lead to the last economic crisis

Things you should know:

  • "Bad” loans have essentially gone away.
  • We are currently in an “Over-Correction”.
  • Your Credit Score [FICO] is extremely important.
  • US Government through Dept of Housing and Urban Development [HUD] has stiffened lender guidelines to improve consumer awareness [Good Faith Estimate‐GFE]
2. Being an uninformed or misinformed buyer Minimize
    • The Internet provides mucho information at your finger tips
    • You need a secure and trusted filter for this information
    • Exclusive buyer’s agent in an exclusive buyer agency [EBA] are prepared to help you get the most value for your next home

 

3. Being a victim of the economic crisis Minimize
  • Get/Stay employed
  • Use an EBA [see #2]
  • Be upfront and honest with your EBA