FowWorld Properties

Are you’re ready to get a home loan; this can help to have as much information about the mortgage process as possible. That way you can take the right steps towards getting your loan, and hopefully avoid some of the more common pitfalls along the way.     What steps can you take to keep the process running smoothly and on track towards your closing? The home loan application process begins with determining what you can realistically afford, gathering the necessary documents as outlined by your lender and familiarizing yourself with the fundamentals of the home loan process, interest rates, loan terms and additional fees associated with buying a home.    But once you’ve begun the mortgage process,  there’s plenty to do. And plenty not to do. Check out this handy list of dos and don’ts that can help make your first step towards owning a home is a smooth and successful one.   DO’S 1.    Get pre-approved for...

Preparation is key to navigating today's housing market. The home loan application process begins with determining what you can realistically afford, gathering the necessary documents as outlined by your lender and familiarizing yourself with the fundamentals of the home loan process, interest rates, loan terms and additional fees associated with buying a home.    Getting ready to begin the mortgage process? You’ll likely want to get started by getting pre-approved. Being pre-approved for a home loan is beneficial in several ways. It gives you a solid idea of what you can afford, thereby helping you narrow down your home search, and it shows sellers that you’ve already taken the necessary steps to secure financing, which makes you a stronger buyer. But how can you best prepare for mortgage process? Simply follow the steps below and you’ll be well-prepared.  1.GATHER DOCUMENTS Your mortgage lender needs certain paperwork/documents in order to evaluate...

Home ownership has become a cornerstone of the Nigerian Dream. For most people, their home is their most valuable asset. Mortgages make home buying possible for many Nigerian, Mortgages are not always easy to secure, however, as rates and  terms  are often dependent on an individual's  credit score  and job status. Failure to repay allows a bank to legally foreclose and auction off the property to cover its losses.     The word "mortgage" in and of itself can appear to be incredibly intimidating, especially if this is the first time you are buying a home. You are committing to a debt which may very well be one of the largest debts you will ever acquire. That is of course until you move to another home and start this process all over again  Mortgages make larger purchases possible for individuals lacking enough  cash  to purchase an  asset , like a house, up front.  Lenders  take a risk making these  loans ...