3 Crucial Questions Most Home Buyers Don’t Know the Answer To...DO YOU?

Whether you are considering the purchase of your first home or trading up to the home your family frequently fantasizes about, there are three crucial questions you must know the answer to:

1. What is the minimum down payment required to purchase a home?

2. What is the minimum FICO score required to qualify for a mortgage?

3. What is the maximum Back-End DTI Ratio allowed?

A survey conducted by Fannie Mae revealed startling information: most Americans don’t know the answer to these three crucially important questions. Here is a graphic showing the results of the survey:

The percentages are quite disturbing but can explain why so many people believe they are not eligible to purchase a home whether it is a first home or a trade-up home. Here are the actually requirements as per Fannie Mae:

Bottom Line

If you are considering purchasing a home, make sure you are aware of all your options before moving forward.

Thinking of going For SALE BY OWNER . . . Things to consider

The Real Estate Market needs your listing . . . Here's why

The housing market is really heating up and buyer demand is dramatically increasing as we enter the spring season. However, one challenge to the current market is a major shortage of inventory. Below are a few comments made in the last month by industry experts.

Lawrence Yun, Chief Economist of NAR

“Looking ahead, the key for sustained momentum and more sales than last spring is a continuous stream of new listings quickly replacing what's being scooped up by a growing pool of buyers. Without adequate supply, sales will likely plateau."

Jonathan Smoke, Chief Economist of Realtor.com

"Low inventories and tight credit will limit the gains we will see in 2016. However, given the level of pent-up demand evident in web activity and stated buyer intentions for 2016, we should see this spring materialize as the busiest season of sales since 2006."

Rick Sharga, Ten-X's EVP

“Inventory is too low to support much higher sales. There's virtually no inventory available at the entry level, and single family housing starts and permits continue to languish at levels far below where they should be at this point of the recovery.”

David Crowe, Chief Economist of the National Assoc. of Home Builders

“Many sellers may not have an absolute decision as to whether to buy an existing home or a new home. So the low inventory of existing homes is locking them in place.”

Freddie Mac

“Challenges remain, with low housing supply and declining affordability being a key concern in many markets.”

E-2 VISA to South Florida. . . International Relocation

I have moved many times in my life, and have enjoyed living in various states along the East Coast of the U.S. from north to south and even being a seasoned relocater, it is still a daunting task at best.  There are so many considerations- where is there sufficient work, if you have a family then you think about safe residential neighborhoods, school districts, commuting, and the list goes on.  How do you find a home?  Do you pick a Realtor or do you use the Internet?  This can be a very confusing and overwhelming time in your life.

How much more so would these life changing decisions be for a person looking to make the United States their future home?  Where do you go to get help along the road that will assist you in making choices that will promote a healthy and happy new life?  How can one do this long distance and yet feel a sense of confidence that the choices they make today will not be regret tomorrow.

What I would like to examine today is the E-2 VISA requirements for entering the United States.  Basically this is an application for entry in to the Unites States based on your willingness to invest your foreign money in a business venture in this country.  That sounds easy enough, doesn’t it?  Well, if only it were that simple.  Your investment must be a bona fide enterprise and may not be marginal.  What does that mean?  A bona fide enterprise must be a business that is real; something operational that produces services or goods.  It cannot be an idle investment held for future appreciation in value such as undeveloped land or stocks held by an investor who has no intent to direct the enterprise.  The threshold for a marginal business is one that will not generate more than enough income to provide a minimal living for you and your family or one that does not make a significant economic contribution.

That is just Step 1.  Next you would have to demonstrate that your business of choice is a bona fide business.  How does one do that?  This is achieved through the long and arduous process of accumulating business records, tax returns, financial statements, quarterly wage reports or payroll statement, business organizational charts, business licenses, bank statements, utility bills, contracts, customer/vendor agreements, escrow documents, lease agreements and the list goes on. That is Step 2.  There are several more requirements that have to be met and it may seem at this juncture that the process is just too much to tackle for your dream.  You are not alone any longer.

Combining the seasoned talents of Jillian Rosen, of D.R.E.A.M LLC, Dynamic Real Estate Assistance and Management, LLC along with Alan Callaghan & Associates at Capital Business Solutions, Certified Business Brokers; makes this a dynamic duo meeting both business and family needs.

Jillian Rosen is a long time resident of South Florida and a prominent member with the community . She provides owners and buyers with a complete range of real estate services, including the evaluation of requirements, location alternatives, comprehensive analyses and site evaluation, and proactive “added value” contract negotiations. Her Company D.R.E.A.M. Real estate is committed to excellence where they strive to consistently deliver the highest level of service to you at all times. They are dedicated to deliver a service that not only will excel most clients’ standards but also, that will ensure our clients’ recommendations to their peers.

For meeting your E-2 VISA needs Alan Callaghan and Associates are the best you can find for Business services and pairing you with the right business to fulfil your skill sets and financial requirements.  With over 11 years of Business Brokerage experience, Millions of dollars in successful transactions and a network of associates across the United States; Alan will seek out the perfect business for you.  Once a match has been found, his team will continue their support and assistance through the whole process in order to insure the quickest and most stream line transaction available.  Having immigrated to this country himself, seeking out the dream of a better life, he is living proof that the American dream is attainable and his team will get you to that goal.  Alan works in association with Capital Business Solutions, a Business Brokerage Company with International connections, representing both buyers and sellers worldwide.  Many of our associates have been business owners and have an inside perspective of the buying and selling process, a unique position that is used to the buyers advantage. Our expertise in evaluating a business and examination of financial records will make this a clear and easily understood translation.  When considering an E-2 VISA , Alan Callaghan & Associates are the people you want working for you and with you.