TITLE

CHAPTER 8: Making Sure the Buyer Is Financially Qualified to Buy Your House

AUTHOR(S)
Devine, George
PUB. DATE
January 2011
SOURCE
For Sale by Owner in California;1/1/2011, p109
SOURCE TYPE
Book
DOC. TYPE
Article
ABSTRACT
The article discusses how a house seller can determine the financial qualifications of prospective buyers in California. Credit, income and potential mortgage are the three primary factors to consider when evaluating the capacity of a buyer to purchase a house. Assessing a potential buyer's credit may be done through informal inquiries, asking the buyer to fill out a Credit Information Form or checking the credit history of the buyer. Also discussed are how buyers are being qualified by lenders for home purchase and the different types of mortgages.
ACCESSION #
59192924

 

Related Articles

  • New-build finance will be next crisis. Cleary, Alan // Mortgage Strategy;9/7/2009, p15 

    The article focuses on the concern on how new build homes will be financed in 2009 in Great Britain. It worries that there will be no one who is interested in buying new homes without lenders willing to finance borrowers. It anticipates that it will take years for new properties to hit the...

  • Subprime lending crisis changes buying, selling plans. Hymer, Dian // Gay & Lesbian Times;9/6/2007, Issue 1028, p64 

    The article offers tips on house buying or selling during the times of subprime lending crisis in the U.S. According to the author, the first thing to understand is that a lender are moving back to basics. She explains that lenders are backing away from low-documentation and state-income...

  • Builders are upbeat.  // Westchester County Business Journal;12/22/2003, Vol. 42 Issue 51, p23 

    Reports on developments in the housing market in the U.S. National Association of Home Builders' Housing Market Index; Projected increase in long-term mortgages in 2004.

  • Dispel the myth that FTBs must have a 20% deposit. Wilson, Ian // Mortgage Strategy;8/27/2012, p26 

    The article reports on the launch of NewBuy Scheme, a build scheme for first time home buyers, by the government in Great Britain in March 2012. The scheme will require buyers about five to 10 percent deposits. It also allows buyers aiming for new-build properties to gain 95 percent of loan to...

  • FORM: Cobuyer Discussion Checklist.  // Nolo's Essential Guide to Buying Your First Home;12/1/2012, p10a 

    A worksheet regarding the cobuyer discussion for an ideal house is presented which appears in the book "Nolo's Essential Guide to Buying Your First Home." The required information includes rules for sharing space, whether the deceased's interest in the house will go directly to the other owner...

  • US-style help for first-time buyers urgently required. White, Michael // Mortgage Strategy;5/18/2009, p23 

    In this article the author discusses his sentiments about applying the methods used to help first-time buyers in the U.S. on Great Britain. Home buyers are taking advantage of low prices, low rates and significant tax breaks. The author emphasizes that if British first-time buyers want to...

  • A Home? Run! Marshall, Anne // Louisville Magazine;Sep2015, Vol. 66 Issue 9, p36 

    The article provides an overview of the housing industry in Louisville, Kentucky as of September 2015 including the signs of the seller's market, the home-buying process and the market demand. The signs of the seller's market are outlined which include low housing stock, more homes selling, and...

  • Excessive interest in equity release. Mirfin, Dean // Mortgage Strategy;7/10/2006, p39 

    The article focuses on the growth of Great Britain's equity release market in 2006. Some developments in the sector include the continued popularity of drawdown and the relative stable pricing despite increases in Safe Home Income Plans. The increased availability of drawdown products is coming...

  • CHAPTER 9: Plan B: Fixer-Uppers, FSBOs, Foreclosures, and More. Schroeder, Alayna; Bray, Ilona; Stewart, Marcia // Nolo's Essential Guide to Buying Your First Home;2010, p215 

    The article offers alternatives for home buyers. These include houses that have stalled on the market, starter houses, potential remodels and fixer-uppers, space that can be shared with a co-owner or renter, houses for sale by owners, and foreclosures and probate sales. It stresses the...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics