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Starting the process to purchase a home involves several key factors, such as:
1. Evaluating your finance
2. Checking your credit
3. Setting a budget
4. Saving for a down payment and closing cost
5. Getting pre-approved
6. Defining your homebuying criteria
7. Find an agent
8.Start your search
There's several different variation in lending criteria, it's advisable to shop around and compare offers from multiple lenders. You can seek pre-approval from different lenders to understand their specific requirements and terms. This way, you can find a lender and loan program that aligns with your financial situation and goals.
There's several different financing option for commercial real estate, however you must do your home work before accepting an offer. There are several types of lenders available such as a Hard Money Lender, Bank Loans, SBA loans, Private Investors Loans, Bridge Loads, and a DSCR Loan. Again you will need to have all your documentation available for lenders to review and verify.
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