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Margot Mohr Teetor
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As a realtor, I wear many hats and always get the As a realtor, I wear many hats and always get the job done! Yesterday I had to navigate Penndot... the manager was very helpful and in the end I obtained the document I needed in order for my client to be able to settle on her property. What’s an extra 6 hours to the day? I am committed to my clients and stand by them! #realtor
Pending! These homes come and go so fast! Reach ou Pending! These homes come and go so fast! Reach out if you want your house for sale too! I’m the realtor for the job!
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You will notice when is show a home, I will lead y You will notice when is show a home, I will lead you in, but allow you to explore the home as it feels comfortable to you.  Lead the way. I’ve got your back and I’m right behind you. #realtor #margotmohrteetor
Give me a call today! Give me a call today!
Stone fireplace or stucco fireplace? What’s your Stone fireplace or stucco fireplace? What’s your choice?
My adorable little Nico!!!💕💕💕💕 My adorable little Nico!!!💕💕💕💕
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What if your home had a garden like this? What if your home had a garden like this?
Do you know what a debt to income ratio is when ge Do you know what a debt to income ratio is when getting a mortgage for your home?
Win or lose, always a big fan! Go Flyers! Win or lose, always a big fan! Go Flyers!
Let’s talk space. Do you have enough? Need more? Let’s talk space. Do you have enough? Need more? Need less? I’m you’re gal. #realtor #morespace
What an HONOR to be showcased in Modern Luxury Mag What an HONOR to be showcased in Modern Luxury Magazine with such incredible women!
Get a preapproval letter:⠀ ⠀ A mortgage preapp Get a preapproval letter:⠀
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A mortgage preapproval is a lender's offer to loan you a certain amount under specific terms. Having a preapproval letter shows home sellers and real estate agents that you're a serious buyer, and can give you an edge over home shoppers who haven’t taken this step yet.⠀
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Apply for preapproval when you're ready to start home shopping. A lender will pull your credit and review documents to verify your income, assets, and debt. Applying for a preapproval from more than one lender to shop rates shouldn't hurt your credit score as long as you apply for them within a limited time frame, such as 30 days.
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Compare mortgage rates and fees:⠀ ⠀ The Consum Compare mortgage rates and fees:⠀
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The Consumer Financial Protection Bureau recommends requesting loan estimates for the same type of mortgage from multiple lenders to compare the costs, including interest rates and possible origination fees.⠀
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Lenders may offer the opportunity to buy discount points, which are fees the borrower pays upfront to lower the interest rate. Buying points can make sense if you have the money on hand and plan to stay in the home for a long time. Use a discount points calculator to decide.
Research first-time homebuyer assistance programs: Research first-time homebuyer assistance programs:⠀
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Many states and some cities and counties offer first-time homebuyer programs, which often combine low-interest-rate mortgages with down payment assistance and closing cost assistance. Tax credits are also available through some first-time homebuyer programs.
Explore mortgage options⠀ ⠀ A variety of mortg Explore mortgage options⠀
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A variety of mortgages are available with varying down payment and eligibility requirements. Here are the main categories:⠀
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Conventional mortgages are not guaranteed by the government. Some conventional loans targeted at first-time buyers require as little as 3% down.⠀
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FHA loans are insured by the Federal Housing Administration and allow down payments as low as 3.5%.⠀
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USDA loans are guaranteed by the U.S. Department of Agriculture. They are for rural homebuyers and usually require no down payment.⠀
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VA loans are guaranteed by the Department of Veterans Affairs. They are for current and veteran military service members and usually require no down payment.⠀
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You also have options when it comes to the mortgage term. Most homebuyers opt for a 30-year fixed-rate mortgage, which is paid off in 30 years and has an interest rate that stays the same. A 15-year loan typically has a lower interest rate than a 30-year mortgage, but the monthly payments are larger.
Your credit score will determine whether you quali Your credit score will determine whether you qualify for a mortgage and affect the interest rate lenders will offer. Take these steps to strengthen your credit score to buy a house:⠀
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Get free copies of your credit reports from each of the three credit bureaus — Experian, Equifax, and TransUnion — and dispute any errors that could hurt your score.⠀
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Pay all your bills on time, and keep credit card balances as low as possible.⠀
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Keep current credit cards open. Closing a card will increase the portion of available credit you use, which can lower your score.
Decide how much home you can afford?⠀ ⠀ Figure Decide how much home you can afford?⠀
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Figure out how much you can safely spend on a house before starting to shop. NerdWallet's home affordability calculator can help with setting a price range based on your income, debt, down payment, credit score, and where you plan to live.
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