Factors that Determine Home Loan Approval

Jim Clifford Real Estate Leave a Comment

Home Loan Approval is determined by a number of factors pertaining to your financial situation.  You might have heard of the 5 C’s, which are Credit scores, Capacity, Collateral, Capital and Conditions.  Here are the 5 C’s and how they affect your ability to get a mortgage. Credit Scores The Fair Isaac & Company created the FICO score to help …

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4 Steps to Buying a Home

Jim Clifford Buying Real Estate , Home Affordability Leave a Comment

Buying a home seems like it should be simple, but it is a complex experience, especially if it’s your first time. Here are four steps to buying a home. 1. Determine Your Financial Readiness One of the most important steps to buying a home.  Are you truly ready now, in your life, to own a house? Many people focus only on …

Financing a Foreclosed Home

Jim Clifford Real Estate Leave a Comment

Getting Pre-qualified Financing a foreclosed home (or any home) has many steps, all of which can go more smoothly if you are prepared.  Talking to a mortgage professional to get pre-qualified can help you understand what loans will work for your situation and will provide you with a price range of homes that you can afford.  It will also provide …

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Investing in Washington Real Estate

Jim Clifford Real Estate Leave a Comment

photo credit – shingst cc   Investing in real estate in the Tacoma and Seattle area has provided a good living for many people. At Washington Realty Group, we work with investors, small and big, to find the properties that best work into their business model. A lot of the homes we sell are distressed properties, bank-owned and short sales. …