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Home Loans

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A Home Mortgage Loan Makes the Impossible Seem Possible

The average American typically needs to take out a home mortgage loan to pay for their house because it’s not like money grows on trees.  America is no doubt an entire nation built on credit.  Even the American Dream is pursued by credit because if you want to own a home or start your own business, you’re going to need to take out a loan.  Trying to get a home loan or a business loan is often quite deterring and discouraging, however if you are smart about home loans, or just loans in general, borrowing money can run smoothly and easily.

5 tips for smart borrowing are:

  1. Compare the rates
  2. Avoid the fees
  3. Know what you are risking
  4. Know the tax rules
  5. Know the head room

When borrowing money, the most important thing to do is to do your research.  Loans lenders can often try to trap people into bad home loans or bad business loans so you must be careful.  Some key things to look for are:

Encourages you to falsify your application information to get the loan.

  • Urges you to borrow more than you need.
  • Pushes you to accept payment terms that you can’t realistically meet.
  • Fails to give you the required disclosures (e.g., APR, rescission rights, etc.).
  • Shows up at closing with a totally different loan product than you agreed to.
  • Asks you to sign blank forms. (“It’ll speed things up. We’ll fill in the blanks later, trust
  • me.”)
  • Denies you copies of documents you signed.

 

Home Buying and Leasing Commercial Property Go Hand and Hand

RDS Real Estate understands that the home buying process can often be difficult, but it is certainly achievable.  Leasing commercial property to start a business is not much different than buying a home.   You shop around for the right neighborhood, the right amenities, and the right price.  Once you have found what you are looking for is where the real fun starts. Well….not really.  More than likely, you will need a sizeable loan for the property you are seeking but if you can finance a home loan, obtaining a business loan isn’t too much different.

We here at RDS Real Estate encourage you browse through our property listings and discover all the wonderful opportunities for any business.  We have served the DFW metroplex area for over 10 years and proudly serve the following areas:

  • Dallas
  • Fort Worth
  • Arlington
  • Mansfield
  • Haslet
  • Blue Mound
  • Saginaw

A lot of home owners take out home owner loans or home equity loans in order to get the adequate funding for their business.  The American Dream is always within reach, and RDS Real Estate is here to push it a little bit closer to you.

Contact a Mortgage Company to Learn More Information About Home Equity Loans

A mortgage company, or any other private lending company, would love to help you get started on a loan and help you with a home loan calculator so that you can figure out what loan works best for you.  Some important things to keep in mind are:

  1. When do I need the money?
  2. How long will I need to pay off the loan?
  3. Would a line of credit tempt me to spend carelessly?
  4. How much can I afford to pay each month?

Make sure that the loans interest rates are reasonable and within your means.  It is always best to shop around.

Find Out What the Current Mortgage Rates Are

One really important thing to do is to find out what the current mortgage rates are so that you know what to expect. Loans rates will no doubt fluctuate slightly because of credit scores and amount of loan, but be careful of a ridiculously high interest rate, and like I said earlier, it is always best to shop around.

Obtaining home loans are a lot like obtaining business loans.  A home mortgage loan helps take care of the money you don’t have, and make home buying possible.  RDS Real Estate loves the idea of possibilities, contact a mortgage company and see if you can come up with a loan you can use to finance a business.  You’ll be amazed at the possibilities.

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