Daring to Begin

daring to begin

“All glory comes from daring to begin.”

Eugene Ware

The hardest part of owning your own home is the money part.  It isn’t that it’s hard to get financing for your home.  In my experience, it’s much easier than most people think it is.  My father said to me once,  “The dreading is worse than the doing.”  You’ll find that to be so true, as you investigate your financing options for your house.  You’ll wonder why you dreaded it — once you do it.  So dare to begin.

I’m going to post a handful of links that are places to begin.  I’m not endorsing any of them.  The money part of your house purchase is your own.  I have learned a lot about it because I’m a realtor, and lenders and realtors work closely together once the offer I’ve helped you craft, has been accepted.  At that point, realtors and lenders are closely yoked together until closing.  That’s why I know something about lenders.  Not because I am one.

It’s kind of like being married to an auto mechanic.  You learn a lot about cars and how they work — but you’re not qualified to work on them yourself.  I know a lot about mortgage lending.  But I can’t lend you the money to buy a house.  You’ve got to pursue that apart from me.  I can certainly provide a lot of direction along the way.  Your lender and I work hand in hand, once they’ve qualified you to buy something.  But your relationship with your lender remains separate from your relationship with me.  It has to be that way, and really, it’s a good system.  Ultimately, it protects you from the conflicts of interest that would inevitably result, if I was in a position to lend you money, or if your lender was in a position to sell you a house.

So I’m providing these links not by way of endorsement, but by way of making it easy for you to begin.  You risk nothing by beginning.  And you stand to gain a place to live happily ever after in.  Few things we do in life carry such a favorable risk/benefit analysis.

Here you go:

Zillow’s excellent affordability calculator:  http://tinyurl.com/abkkas8

Quicken Loans:  http://tinyurl.com/kxb5c28

Wells Fargo:  http://tinyurl.com/k73ds6d

FHA:  http://www.fha.com/prequalify

FHA’s iffy credit program:  http://tinyurl.com/pyxfeb4


Some good articles:

“How to Prequalify”:  http://tinyurl.com/qh32tev

“5 Common Misconceptions”:  http://tinyurl.com/8xylwtr

“How to Get Pre-Approved”:  http://tinyurl.com/loh6yto