When we accept a bid for an auction home, we not only consider the amount of the bid, but we also take into great consideration the terms of the bid.
Depending upon the amount of your bid, your down payment, how quickly you can close, just to name a few, may make your bid more attractive to accept.
Pre-qualification letters from your mortgage company also help to prove your ability to pay for the home.
Traditionally speaking, you probably think you have to have a good credit score to get a home mortgage loan, but we know that there are many mortgage companies out there willing to fund you for a home.
Also, there are many auction homes we put up that you would be able to get into yourself, even if you have any of these problems.
You may need a low down payment mortgage, for instance. There are still places you can go to to be funded.
If you happen to fall into the low-income bracket, you may still be able to acquire a VA or FHA Mortgage to fund your purchase.
Even if you do have a good down payment, and a reasonable or good credit score, you may be self-employed and be unable to provide adequate information to a mortgage company or bank to make them comfortable to provide you with funding.
No need to wrench your brain…There are places that provide Self-Employed Mortgages too!
I say all of this to re-emphasize the fact that having a pre-qualification letter from your bank or mortgage company makes your bid more attractive to us, and gives you a better chance of being the one chosen to award the auction home to!
* Remember: We provide “The Home You Never Thought You Could Afford, At The Price You Want To Pay”!
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I hope you find these Auction Home Resources helpful on Buy DFW Auction Homes! Until next time…
Be Prepared…Be Pre-Qualified,
Kimberly Edwards 
P.S. Please be sure to Subscribe to this Blog.
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This entry was posted on Monday, January 12th, 2009 at 5:19 pm and is filed under Auction Home Resources. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Thank you very much for that great article.
Are you a professional journalist? You write very well.
Thank you very much for that magnificent article
I liked it. So much useful material. I read with great interest.
Thanks Ventego…
I’m glad it was an interesting read for you!
Come on back again soon,
Kimberly
Hey Hotspot Shield…
Thanks so much! Are you interested in investing in real estate or purchasing a home to live in?
Kimberly
Thanks so much Crasty! Much appreciated…
Well, we do a lot of writing – I guess you could say we’re also professional journalists…
Come on back again soon…
Are you interested in real estate investing or purchasing a home to live in yourself?
Kimberly
Hey, thanks Online! I appreciate that!
Hope you enjoy the rest of the site…Come on back again soon…
Are you interested in real estate investing or purchasing a home to live in yourself?
Kimberly