2 Mitos que pueden estar frenando los compradores

Un artículo de Fannie Mae, ‘Lo que los consumidores (no) saben sobre los criterios de calificación para una hipoteca’ (What Consumers (Don’t) Know About Mortgage Qualification Criteria) reveló que “Solo del 5 al 16 por ciento de los encuestados saben los rangos correctos para un criterio de calificación hipotecaria clave”.

Mito #1: “Necesito una cuota inicial de 20 %”

La encuesta de Fannie Mae reveló que los consumidores sobrestiman los fondos necesarios para la cuota inicial para calificar por un préstamo hipotecario. Según el informe, 76 % de los estadounidenses o no saben (40 %) o están mal informados (36 %) sobre la cuota inician mínima requerida.

Muchos piensan que necesitan por lo menos un 20 % de cuota inicial para compra la casa de sus sueños, pero muchos programas en realidad permiten que los compradores pongan tan poco como el 3 %.

A continuación, están los resultados de la encuesta de Digital Risk sobre los ‘millennials’ que recientemente compraron una casa.

Como puede ver, ¡64.2 % pudo comprar su casa poniendo menos del 20 % de cuota inicial, con 43.8 % poniendo menos de 10 %!

Mito #2: “Necesito un puntaje FICO de 780 o más para comprar”

La encuesta reveló que el 59 % de los estadounidenses no saben (54 %) o están mal informados (5 %) sobre la puntuación FICO que es necesaria para calificar.

Muchos estadounidenses creen que un ‘buen’ puntaje de crédito es de 780 o superior.

Para ayudar a desenmascarar este mito, veamos el último informe “Origination Insight Report” de Ellie Mae, que se centra en los préstamos que cerraron recientemente (aprobados). Como usted puede ver abajo, 54.7 % de las hipotecas aprobadas tienen un puntaje de crédito de 600 a 749.

En conclusión,

Sea que está comprando su primera casa o mudándose a la casa de sus sueños, conocer sus opiniones definitivamente facilitara el proceso de la hipoteca. La casa de sus sueños puede ya estar a su alcance.

Para Mas Informacion Llama o Visita: www.celinavazquezrealtor.com

909-697-0823

Have You Saved Enough for Closing Costs?

Sellers Have You Saved Enough for Closing Costs?

There are many potential #homebuyers, and even # sellers, who believe that they need at least a 20% down #payment in order to buy a #home or move on to their next #home. Time after time, we have dispelled this myth by showing that many loan programs allow you to put down as little as 3% (or 0% with a VA loan).

If you have saved up your down #payment and are ready to start your home search, one other piece of the puzzle is to make sure that you have saved enough for your closing costs.

Freddie Mac defines closing costs as:

“Closing costs, also called settlement fees, will need to be paid when you obtain a mortgage. These are fees charged by people representing your purchase, including your lender, real estate agent, and other third parties involved in the transaction. Closing costs are typically between 2 and 5% of your purchase price.”

We’ve recently heard from many first-time #homebuyers that they wished that someone had let them know that closing costs could be so high. If you think about it, with a low down #payment #program, your closing costs could equal the amount that you saved for your down payment.

Here is a list of just some of the fees/costs that may be included in your closing costs, depending on where the home you wish to purchase is located:

• Government recording costs
• Appraisal fees
• Credit report fees
• Lender origination fees
• Title services (insurance, search fees)
• Tax service fees
• Survey fees
• Attorney fees
• Underwriting fees

Is there any way to avoid paying closing costs?

Work with your lender and real estate agent to see if there are any ways to decrease or defer your closing costs. There are no-closing mortgages #available, but they end up costing you more in the end with a higher interest rate, or by wrapping the closing costs into the total cost of the mortgage (meaning you’ll end up paying interest on your closing costs).

Home #buyers can also negotiate with the seller over who pays these fees. Sometimes the seller will agree to assume the buyer’s closing fees to get the deal finalized, which is known in the industry as ‘seller’s concession.’

Bottom Line

Speak with your lender and agent early and often to determine how much you’ll be responsible for at #closing. Finding out you’ll need to come up with #thousands of #dollars right before closing is not a surprise anyone is ever looking forward to.

For More Info Please Call or Visit At: www.celinvazquezrealtor.com

909-697-0823