Investing with Suntrust Foreclosure Homes [mortgageprotectiontips.blogspot.com]
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Suntrust foreclosure homes are really bank owned foreclosures whose owners have failed to fulfill their loan obligations. Because there are a large variety of homeowners who default, there is also a wide variety of properties that go into the inventory. You can find apartments, condos, single-unit and multi-unit homes and many others. If you are a beginning investor, buying these foreclosures will allow you to invest your money wisely and grow them to their maximum potential.
Why Buy Suntrust Foreclosures
The first and primary reason why you should buy Suntrust foreclosure homes is because their rates are currently low and you may lose the chance of gaining these unbelievable prices in the coming months or years if you postpone your purchase. If you are renting now and dishing out hundreds or even thousands of dollars in rental money, you may want to consider buying a Suntrust foreclosed property and put that money in your mortgage to earn equity for yourself.
Also, it is definitely a good time to take advantage of the large tax breaks available to homeowners.
Of course, another reason why you should buy Suntrust foreclosures is because the property prices now are too good to resist and they will definitely increase over time. If you do not start building your equity now, you may never get the opportunity to build your retirement nest by the time you are ready to quit working. Suntrust foreclosure homes will allow you to at least start saving your money and investing in a property that will surely appreciate over time.
With all these reasons, it is not difficult to see why buying cheap foreclosed properties can ultimately be a good investment move. All you need to do is to find a good and reliable source of foreclosure information and you can already start building up your knowledge for a successful foreclosure investing. Find More Investing with Suntrust Foreclosure Homes Articles
Question by Lita C: Does it matter whether a mortgage preapproval is from a bank or a mortgage company? My former realtor told me that it's better to have a preapproval from a bank than a mortgage company. My preapproval is from Suntrust Mortgage. My new realtor is asking that I check out two different lender that are not with banks. Is either one better than the other? Best answer for Does it matter whether a mortgage preapproval is from a bank or a mortgage company?:
Answer by Steve D
Your new realtor is probably getting a kickback from the two lenders being recommended. A pre-approval is a pre-approval. Just for your satisfaction, though, call the two recommended lenders and find out what their interest rates and closing costs are - you never know, you might save money.
Answer by Freddy Fuhktarred
No, it really doesn't matter at all where the letter comes from as long as it comes from a qualified housing lender. Bank or mortgage company is fine. I would imagine it might?? be better if the lender is a household name such as a large bank as opposed to a small mortgage company that no one has ever heard of. In reality, a lender is a lender. real estate agents often try to steer people towards a certain lender because they will get a "finder's fee" for that if you use their lender. Use whatever lender gives you the lowest rate. If anyone gives you flak, find a new agent. In today's market, the agent's will be begging for your business.
