Atlanta, GA (PRWEB) June 28, 2010 -The-American-
Dream.com (http://www.achieve-the-american-dream.com) James N. Rivers is the President of ATAD and is offering a free 120 page paperback book entitled “You Can Achieve The American Dream...With The Right Keys” to prospective home buyers that are searching for a home and to current homeowners wanting to know a simple and easy way to refinance their current home or modify their current mortgage.
One of the most common mistakes made by many prospective home buyers is to start searching for a home before knowing that they can qualify for a loan. A home buyer should know how much they can qualify for before they pick out their dream home. By doing so, they could save themselves a lot of the stress and possible disappointment of buying a home. To avoid the pitfalls of buying a home and getting approved for a mortgage, simply follow these four important steps to finding and financing a foreclosure or per-foreclosure property for your next home.
Step Number One:
Find out what your three credit scores are before you allow a mortgage company to pull a copy of your credit report. When you request a copy of your own credit report it does not count against you and it will not cause your credit scores to drop. On the other hand, if you allow a mortgage company to pull your credit and you do not meet their minimum credit score requirement, it could actually cause your credit scores to drop several points. A free credit report without your credit scores is not what you really need. You do not just need a copy of your credit report, but you need to know what all three of your credit scores are before you apply for a mortgage. I highly recommend obtaining a copy of your credit report with all three of your credit scores, from one of the three major credit report providers. For a fast and easy way for you to obtain a copy of your credit report with all three credit scores from a name that you can trust, simply visit our website http://www.achieve-the-american-dream.com
Step Number Two:
With thousands of pre-foreclosure and foreclosure homes on the market in nearly every city and town in the country, the question is where do you start. Step number two is finding a source of information to assist you in locating the right foreclosure home. I had the opportunity to work with one of the true real estate gurus in the country. I am not talking about one of those guys that you see on the late night infomercials, but someone who had actually purchased over 1500 single family income generating properties before the age of 40. I learned a lot about locating foreclosure and pre-foreclosure homes while working with him. There are a lot of foreclosure list providers out there. If you would like to know the source that I use and thousands of our members use to locate homes that are sold everyday at discounts of 10% to 50%, you can go our website http://www.achieve-the-american-dream.com for a free trial.
Step Number Three:
One of the most important steps in becoming a homeowner is understanding the mortgage approval process and determining what loan program is best for you. Once you understand what mortgage lenders are looking for when they are deciding to approve or deny your loan application, you increase the chance of your loan application being approved. If you want to discover how increasing your credit scores just two to three points can make the difference in your interest rate, the amount of your down payment and if your loan is approved or denied, visit our website http://www.achieve-the-american-dream.com and request your free 120 page paperback copy of the book “You Can Achieve The American Dream...With The Right Keys”.
Step Number Four:
Let's say that the prospective home buyers has followed steps one, two and three. They have checked all three of their credit scores, located several homes at unbelievable discounts and they now understand how the mortgage approval process works and what it takes to not only get approved, but how to get the lowest interest rate and the best terms. Their fourth step is easy, simply make an offer, close and start enjoying the home of their dreams.
By simply following these four important steps to finding and financing a foreclosure, pre-foreclosure or any home for sale, a prospective home buyer could save thousands of dollars and gain up to $100,000 dollars or more in potential home equity in the next 30 to 90 days.
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James N. Rivers is the President of ATAD and is offering a free 120 page paperback book to prospective home buyers that are searching for a home, including foreclosure and pre-foreclosure homes and to current homeowners wanting to know a simple and easy way to refinance their current home or modify their current mortgage. To receive a free copy go to http://www.achieve-the-american-dream.com
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