home buying process

<body> <b><font size="2" face="Arial"> <h1 align="left">home buying process</h1> <p align="left">Discover the secrets of <u> getting the best deal on a house and mortgage</u>. </p> <center> <p align="left"><b><font face="Arial" size="2">Here's how to avoid making the mistakes that most housebuyers make ---mistakes that will cost you thousands!  </font></b></p> <p align="left"> <img border="0" src="images/2-rebac.gif" width="102" height="55" alt="home buying process"></p> <p align="left"><b><font face="Arial" size="-1">Your house buyers guide is required reading, just excellent!  From choosing the right real estate agent through the closing procedure, your information is right on the mark. You have written a concise, informative and understandable guide for the real estate consumer --- giving the reader a true purchasing advantage.</font></b></p> </center> <LEFT> <p align="left"><b><font face="Arial" size="2">Dear House Buyer, </font></b> </p> <p style="LINE-HEIGHT: 150%" align="left"><b><font face="Arial" size="2">If you'd like to </font></b><font face="Arial" size="-1"><b>pay the lowest possible costs when you purchase a house, understand exactly what price to offer for any house, and save on both your mortgage loan and the purchase price, </b></font><b><font face="Arial" size="2">then this might be the most important web site you'll ever visit.  </font></b></p> <p style="LINE-HEIGHT: 150%" align="left"><font face="Arial" size="2"><b>I've put together over tips, advice and techniques designed to guarantee that you completely understand the house purchasing procedure, save money and avoid being taken advantage of  and <u><i>I know what I'm talking about, I was employed in the real estate industry for over ten years </i></u> first as a real estate agent and later as a mortgage loan officer.  I'm quoted as an industry expert on a number of major websites, including MSN.com While mortgage lenders, real estate agents and other real estate professionals are all licensed, closing costs and agreed upon sales prices are not regulated in any way---so it's not unusual for a house buyer to pay more than reasonable closing costs  accept higher than market interest rates or pay more for a house than it's actually worth.....<u><i>and not even know it.</i></u> </b></font></p> <b> <p style="LINE-HEIGHT: 150%" align="left"><font face="Arial" size="2">Would you know if you paid too much for a house or mortgage? Unless you completely understand how the real estate industry works, you could become one of the many housebuyers who pay too much.   </font></b></p> <p style="LINE-HEIGHT: 150%" align="left"><font face="Arial" size="2"><b>One study showed that borrowers who received a mortgage loan in 2000 paid <u> $23,942,858 in unnecessary upfront fees</u> </b><i><b>and that study included only borrowers in the state of Colorado!</b></i><b> </b></font></p> <p style="LINE-HEIGHT: 150%" align="left"><font face="Arial" size="2"><b>Don't live in Colorado?  The problem is not state specific -- the same organization that did the Colorado study  estimated that </b> <span style="layout-grid-mode: line"><b style="layout-grid-mode: line">b</b><b>orrowers who received a loan in Arizona in 2001 paid $33,382,596 in unnecessary up-front fees</b></span><b style="layout-grid-mode: line">---it happens everywhere in the United States</b><b>.  </b></font></p> <p style="LINE-HEIGHT: 150%" align="left"><font face="Arial" size="2"><b> Fannie Mae, the nation's largest source of financing for house mortgages, has estimated that as many as half of all borrowers in sub-prime (higher than market interest rate) loans could have qualified for a lower cost mortgage. </b></font></p> <p style="LINE-HEIGHT: 150%" align="left"><b><font face="Arial" size="2">We </font></b><font face="Arial" size="2"><b>will prepare you to buy a house with confidence---and avoid becoming part of a statistic like the ones you just read about. </b></font></p> <p align="left"><b><font face="Arial" size="2">Now, I know you're probably skeptical. That's normal and healthy. </font></b></p> <p align="left"><b><font face="Arial" size="2">Let me give you some good reasons you need to use us if you are purchasing a house:  </font></b></p> <p align="left"><b><font face="Arial" size="2">Reason #1. </font> <font face="Arial" size="-1">   </font> <font face="Arial" size="2" color="#004e99"><u><i>This is Information You Can't Find Anywhere Else</i></u></font><font size="2" face="Arial"> </font> </b></p> <p style="LINE-HEIGHT: 150%" align="left"><b><font face="Arial" size="2">There are dozens, maybe even hundreds of house buyer guides available today.  But try and find one that tells you how to negotiate with a lender or properly with a seller's broker---you can't because many of these other house buyer guides are written and distributed by lenders or by listing brokers!   They don't want you to really understand their business....if you do, they can't get away with overcharging you. </font></b></p> <p style="LINE-HEIGHT: 150%" align="left"><font face="Arial" size="2"><b> Relying on a housebuyer guide written by a mortgage lender or real estate agent for all of your information would be like stopping at a car dealer and expecting to find a booklet that tells you how to negotiate the best deal on a car purchase!  </b></font></p> <p style="LINE-HEIGHT: 150%" align="left"><b><font face="Arial" size="2">I'm no longer affiliated with any real estate agency or lender so I can give you honest, unbiased advice rather than a commercial disguised as information.</font></b></p> <p style="line-height: 100%" align="left"><font face="Arial" size="-1"><b>My husband and I recently went to contract on a new construction house. There are many reasons I wish I found your site earlier in the game, but we have benefited even at this point. We had to use their lender to get some substantial incentives, however, I had no idea what fees & charges were negotiable and what weren't. After reading your guide, I was able to get our closing costs lowered $350.00! This is information that *just isn't out there* in the general domain. <i>L. Collins, Aurora, Colorado  <br> </i></b></font><b><font size="2" face="Arial"> </font></b></p> <p align="left"><b><font face="Arial" size="2">Reason #2. </font> <font face="Arial" size="-1">   </font> <font face="Arial" size="2" color="#004e99"><u><i>I am in the Real Estate Industry and have bee for Over Ten Years. I Witness All of the Tricks & Scams Firsthand</i></u></font><font size="2" face="Arial"> </font></b></p> <p align="left"><b><font face="Arial" size="2">Reason #3.</font><font face="Arial" size="-1">    </font><font face="Arial" size="2" color="#004e99"><i><u>Overcharging and Unfair Dealing Has Become a Major Problem in the Real Estate Industry Today and If You Don't Completely Understand the House Purchasing Procedure, You Could Be Taken Advantage Of</u></i></font><font size="2" face="Arial"> </font></b></p> <p align="left"><b><font face="Arial" size="-1">Just listen to what a leading Federal Trade Commission Official had to say in a Senate Hearing:</font><font size="2" face="Arial"> </font></b></p> <p style="LINE-HEIGHT: 100%" align="left"><font face="Arial" size="2"><b>As a result of unfair and deceptive practices, and other Federal Law violations by certain lenders, vulnerable borrowers ...... are facing the possibility of paying significant and unnecessary fees....<i>Jodie Bernstein, Director of the Bureau of Consumer Protection of the Federal Trade Commission,  March 1998 U.S. Senate Special Committee Hearing</i></b></font></p> <p style="LINE-HEIGHT: 150%" align="left"><b><font face="Arial" size="2">And the problem doesn't stop with mortgage overcharging---</font></b></p> <p style="LINE-HEIGHT: 150%" align="left"><font face="Arial" size="2"><b>The problem of property flipping--- where uninformed and unsuspecting borrowers pay substantially more than a property is worth  because they rely on the seller or a broker for house purchasing guidance-- is so widespread that some cities have passed laws in an attempt to stop the practice.   </b></font></p> <p style="LINE-HEIGHT: 150%" align="left"><b><font face="Arial" size="2">The city of Dayton, Ohio’s law, for example, bans loans that “over appraise the value of the property.”<O:P> </O:P> <O:P>Great in theory, but do they really have the resources to enforce this in practice?  Will the city prosecutors all become real estate appraisers? </font> </b></p> <p style="LINE-HEIGHT: 150%" align="left"><font face="Arial" size="2"><b>You need real estate knowledge to protect yourself---don't expect anyone else to look out for you....especially if they are benefiting in some way from your house sale transaction.</b></font></p> <p align="left"><b><font face="Arial" size="2">Here is a Summary of the<br> Benefits you Receive and How we Will Help You Avoid Being Taken Advantage Of </font></b></p> <p style="LINE-HEIGHT: 150%"><b><font face="Arial" size="-1">We show you how to determine the market value of any property without relying on your real estate agent or anyone else for help. </font></b></p> <p style="LINE-HEIGHT: 150%" align="left"><font face="Arial" size="2"><b>Did you know that in many cases as a buyer, <u>your</u> real estate agent actually has a legal responsibility to represent the seller and get you to pay the highest price possible?</b></font><b><font face="Arial" size="-1"><FILL box in 14> </font></b></p> <p style="LINE-HEIGHT: 150%" align="left"><b><font face="Arial" size="-1"> You'll know exactly what price to offer on any house.</font></b></p> <p style="LINE-HEIGHT: 150%" align="left"><b><font face="Arial" size="-1"> Eliminate any fear you have of overpaying for a house.  Know when the property is actually being offered at a below market price---and not just being advertised that way.</font></b></p> <p style="LINE-HEIGHT: 150%" align="left"><font face="Arial" size="-1"><b>The guide includes a script to use when you are loan shopping. </b></font></p> <p style="LINE-HEIGHT: 150%" align="left"> <font face="Verdana, Arial, Helvetica, sans-serif" size="-1"> <FILL box in 16></font><b><font face="Arial" size="-1">Many mortgage shoppers believe that the more lenders they call, the better deal they'll find.  Unless you know how to speak with a loan officer, you can call hundreds of lenders and still not find the lowest rate available.</font></b></p> <p style="LINE-HEIGHT: 150%" align="left"><font face="Arial" size="-1"> <font color="#000000"><b>Save 1/8% or more on the originally quoted interest rate by understanding how to deal with a loan officer-</b></font><b>-thousands over the life of your loan (1/8% on a $100,000 loan = $3070 savings) </b> <FILL box in 17></font></p> <p style="LINE-HEIGHT: 150%" align="left"><font face="Arial" size="-1"><b>I explain how a lender qualifies a borrower.</b></font></p> <p style="LINE-HEIGHT: 150%" align="left"><b><font face="Arial" size="-1">You enjoy the comfort of knowing that you qualify for a loan and won't be taken advantage of by being placed in a high interest loan product.</font></b></p> <p style="LINE-HEIGHT: 150%" align="left"><b><font face="Arial" size="-1">The steps to take before you buy a house can make the difference between getting and not getting your dream house</font><span style="font-family: Arial"><O:P><font size="2"> </font></O:P></span></b></p> <p style="LINE-HEIGHT: 150%" align="left"><font face="Arial" size="-1"><b>What questions to ask a house inspector - before you hire him</b></font></p> <p style="LINE-HEIGHT: 150%" align="left"><b><font face="Arial" size="-1">Also be aware of a hidden motivation your house inspector might have that could skew the results of the report he provides you</font><span style="font-family: Arial"><O:P><font size="2"> </font></O:P></span></b></p> <p style="LINE-HEIGHT: 150%" align="left"><font face="Arial" size="-1"><b>All closing costs that you are likely to encounter are defined and a $ value range is provided for each closing cost</b></font></p> <p style="LINE-HEIGHT: 150%" align="left"><b><font face="Arial" size="-1">A very common title company and lender trick is to slip $50, $100 or $200 onto one or more costs to boost their profit.  Know how to recognize this.</font></b></p> <p style="LINE-HEIGHT: 150%" align="left"><font face="Arial" size="-1"><b>I list the 5 things that can make a property's value drop like a rock.</b></font></p> <p style="LINE-HEIGHT: 150%" align="left"><b><font size="2" face="Arial">Do you know which houses on your real estate agent's list you shouldn't even bother looking at and why?</font></b></p> <p style="LINE-HEIGHT: 150%" align="left"><b><font face="Arial" size="2">You won't purchase a house that you can't resell in the future.</font></b></p> <p style="LINE-HEIGHT: 150%" align="left"><font face="Arial" size="-1"><b> Chapter 2 reveals the 3 different types of lenders.</b></font></p> <p style="LINE-HEIGHT: 150%" align="left"><b><font face="Arial" size="2"> You'll understand which type of lender will be able to serve you best based on your situation</font><font face="Arial" size="-1">.</font></b></p> <p style="LINE-HEIGHT: 150%" align="left"><b><font face="Arial" size="-1">I show you what to look for at closing.</font></b></p> <p style="LINE-HEIGHT: 150%" align="left"><b><font face="Arial" size="2">You will avoid becoming the victim of a "bait and switch" lender or unscrupulous seller.</font></b></p> <p style="LINE-HEIGHT: 150%" align="left"><font face="Arial" size="-1"><b>I explain how a lender makes a profit on a loan.</b></font></p> <p style="LINE-HEIGHT: 150%" align="left"><b><font face="Arial" size="2">You need to understand this before you can negotiate the best loan deal.</font></b></p> <p align="left"><b><font face="Arial" size="2">Now, you're probably wondering how I can provide all of this information. </font></b></p> <p align="left"><b><font face="Arial" size="2">Let me explain. </font></b></p> <p style="LINE-HEIGHT: 150%" align="left"><b><font face="Arial" size="2">I spent the better part of my free time over three months putting everything I know about the house purchasing procedure into an e-book.   </font></b></p> <p style="LINE-HEIGHT: 150%" align="left"><font face="Arial" size="2"><b>I concentrated on things you don't find in the typical "How to buy a house" books; things like how to save $3070 or more on your mortgage and </b></font> </p> <p style="LINE-HEIGHT: 150%" align="left"><font face="Arial" size="2"><b>how to determine what price to offer for any house without relying on your real estate agent to make the decision for you.   </b></font></p> <p style="LINE-HEIGHT: 150%" align="left"><font face="Arial" size="2"><b>The Educated House Buyer was the result of all my work -- over 35 pages of industry insider information that you won't find anywhere else.  And because it's an e-book that's delivered to you automatically, I can offer you this valuable information myself at a reasonable price --and I don't have to deal with editors or publishers who would probably force me to take out some of the content because they're afraid of offending another industry (like the mortgage lending industry for example). </b></font></p> <p align="left"><b><font face="Arial" size="2">Warning: Do NOT buy a house until you understand all of these concepts: </font></b></p> <p align="left"><font face="Arial" size="2"><b>There is a lot of confusion surrounding purchasing a hom today.  I want to give you 6 things you absolutely, positively must know before you buy a house. </b></font></p> <p align="left"><font face="Arial" size="2"><b>One: </b><u><b>you have to know how to negotiate with a lender.</b></u><b>  Most loan officers work on commission and the more they get you to pay in interest and closing costs - the more money they make.  It's possible for the loan officer to make more in commission than the real estate agents. </b></font></p> <p align="left"><font face="Arial" size="2"><b>Two: </b><u><b>you must understand what each closing cost covers and what a reasonable $$ amount is for each cost.</b></u><b>  Not all overcharges by lenders and title companies are massive amounts of money - many borrowers are overcharged by only a few hundred dollars.  But are you willing to pay one of these companies even $50 more for a service than is fair? </b></font></p> <p align="left"><font face="Arial" size="2"><b>Three: <u>you need to know how to determine the market value of any house without your real estate agent's help</u>.   I absolutely recommend working with a real estate agent.  A real estate agent can be a tremendous resource and in most cases costs the buyer nothing - but it's a mistake to rely on your agent to tell you what to offer for a house. </b></font></p> <p align="left"><font face="Arial" size="2"><b>Four: </b><u><b>you have to be aware of the hidden motivation your house inspector might have--motivation that will influence the results of your report.</b></u><b>  Why you shouldn't even consider using the house inspector recommended by your real estate agent. </b> </font></p> <p align="left"><font face="Arial" size="2"><b>Five: <u>you must know exactly how a lender qualifies you for a mortgage loan.</u>  If you don't, you could end up with a higher interest rate than you deserve - or even have your loan application denied when it shouldn't have been. </b></font></p> <p align="left"><font face="Arial" size="2"><b>Six: <u>you have to understand which documents to review at closing and what to look for.</u>  Most house buyers that you read about who ended up paying more for a house than they should have or with much different mortgage loan terms than they thought they were getting have one thing in common - they didn't know which documents to pay close attention to at closing - and what parts of those documents are the most crucial.  So it was easy for an unscrupulous lender or seller to take advantage of them. </b></font></p> <p align="left"><b><font face="Arial" size="2">In summary, here's what you get: </font></b><font face="Arial" size="2"><u><b>So you have nothing to lose and thousands to save on your house purchase!</b></u></font></p> <p style="LINE-HEIGHT: 150%" align="left"><b> <font face="Arial" color="#000000" size="2">But don't delay</font><font face="Arial" size="2"> - I had to make special arrangements to offer  "House Construction Design Standards" and the down payment assistance program details as bonuses - <u>and my right to offer these items as Free bonuses could be cancelled at any time by the other authors.</u></font></b></p> <p style="LINE-HEIGHT: 150%" align="left"><b> <font face="Arial" color="#000000" size="2">There's also a limit to the number of emails I can answer - so at some point I'll reach my limit in terms of the number of emails that I can reasonably answer and will have to cancel this bonus---- you might not get direct access to ask me any of your house purchasing questions if you wait past today to order.....</font></b></p> <p align="left"><b><font size="2" face="Arial">good luck in your new house, mortgage loan officer and real estate agent</font></b></p> <p align="left"><b><font size="2" face="Arial"> </font></b></p> </body>