Pay cash, if possible5 of 8"Some lenders are favoring cash transactions over finance purchases and taking deeper discounts to sell the property," says Adams, whose company has a department that handles only bank-owned properties.If cash is not an option for you, it's important to get prequalified for a loan so you can react quickly once you find a home.You can look for the best interest rate by searching Bankrate's mortgage rate tables, then contact the lender to get pre-approved. Related Articles:Mortgage MattersHousing market recovery?Interest Rate RoundupRate Trend Index4 steps to refi mortgageRelated Links:Calculate your mortgage30-year or 15-year mortgage?Balloon mortgage calculatorCalculate your mortgage paymentHow much paint will you need advertisement
"Some lenders are favoring cash transactions over finance purchases and taking deeper discounts to sell the property," says Adams, whose company has a department that handles only bank-owned properties.
If cash is not an option for you, it's important to get prequalified for a loan so you can react quickly once you find a home.
You can look for the best interest rate by searching Bankrate's mortgage rate tables, then contact the lender to get pre-approved.
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