Edmonton Real Estate Military Relocation Agents. One of the first questions Realtor should ask is, Why are you moving? Your real estate agent will also explore any time constraints you might have (perhaps imposed by the need to relocate for employment), your financial situation and any future plans.

Most lending institutions like to see continuity in your employment history. Try to establish at least two years in the same job to show stability plus it may give you a chance at a better interest rate. Develop a good credit history. Your credit rating makes all the difference when applying for a big loan such as a car or home. Make your payments by the due date and try not to carry a balance. A good credit rating will save you a lot of money over the length of the loan.

Title insurance policies can be issued in favor of a purchaser (on new/resale homes, condos and vacation properties), a lender, or both the purchaser and lender. Lenders will sometimes require title insurance as a condition of making the loan. Title insurance protects purchasers and/or lenders against loss or damage sustained if a claim that is covered under the terms of the policy is made.

Looking at buying a foreclosure? The home is in foreclosure for a reason, the reason is a mortgage is outstanding on the property and the Banks or Mortgage Lenders are looking to recoup most of the money they lent on the home.

In a tight market contingencies might be a problem especially if you’re going up against other buyers for the same property. If you need to sell your home first or need a special closing date, then you may be putting yourself at a disadvantage. A bridge load may be available from your lender to “bridge” the mortgage on your present home and also your new home for a short time until your present home sells. A home equity loan could possibly serve the same purpose.

Get pre-qualified, not simply pre-approved for a mortgage. Sellers are sometimes looking for the best terms for a contract and a pre-qualified buyer is attractive. Price is not always the only issue. Remember to shop around as there is a lot of flexibility in the interest rate that you are quoted.

Want to find out more about Edmonton Military Relocation Realtors, then visit www.irp-dnd.com on how to choose the best Military Relocation Realtor for your next relocation.