Your First Time Home Purchase
Advantages of Buying Bank Owned Foreclosures
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You've been saving, dreaming, searching and waiting and then finally...you're ready to purchase a home for the first time! It's a great time to buy a home. There is plenty of inventory to choose from and it's clearly a buyer's market! However, unlike the great variety of homes to pick from, you do not have the same luxury when it comes to loan programs. Finding the right loan these days isn't very easy for most borrowers. Why? Because a lot of lenders fell asleep at the wheel for a few years. Now they're extra careful when it comes to loaning you money.
At Lendability.com, our team has the ability to reach out to the appropriate lender for each individual loan case. We will work with you and the lender throughout the entire process. Our founders have closed over 10,000 loans combined (mostly online transactions), and each one is different. Working closely with each borrower (you), is the key to a successful smooth closing!
In most markets, there are many great deals to be had right now, especially when it comes to purchasing a bank owned property. Because the bank is usually in a hurry to turn over their inventory and cut their losses on foreclosed houses, bank owned homes and properties for sale typically are auctioned for far less than the appraised value.
This represents a great option for first-time homeowners to enter the market, as it makes homeownership significantly more affordable. Not only does it represent a great value, but it is also a good long-term investment for people who were previously renting.
Want to learn more about buying your first home and find out how much you can qualify for? Give Lendability.com a call at 1-877-55-ABILITY and let us help answer your home ownership and loan questions.
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Common Questions About Your First-Time Home Purchase
