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Smart home buyers
will know their
financing options . . .
savvy investors
will have a strategy
in place . . .
before looking for property |
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Financing/ Section 1031 Exchanges |
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Whether you are purchasing a home to live in or as an investment, you should know what your options are for financing before your start your home search.
Investors selling an investment property and reinvesting in another may qualify to defer any gain realized from the sale and should consider completing their transaction through a 1031 Exchange. You have to follow Internal Revenue Code Section 1031 rules, but the potential for tax savings makes it worth the effort.
Your trusted Better Homes agent will help you identify the right property and make sure you are working with a qualified intermediary who will facilitate the exchange. 1031 Exchange Advantage is the one we recommend. Follow the link to learn more about 1031 Exchange Advantage and how to earn a $100 gift certificate to use toward your exchange fee. |
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As you plan your purchase, take these steps toward securing your financing:
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Talk to a mortgage lender about current loan programs
and interest rates. Here is a handy mortgage calculator to use
to get an idea of what your payments might be. |
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Have the lender run your credit report and obtain your FICO scores |
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Clear up any credit issues revealed on your credit report |
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Provide documentation for the lender to review and verify
- W2 to verify employment and income
- Bank statements to verify down payment
- Other items requested by the lender (e.g. tax returns,
documentation of other assets) |
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Obtain a letter of pre-approval |
Better Homes Realty offers you the expertise you need to buy or sell a home in this dynamic California market. Contact Us if you need assistance in finding an office or agent.
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