Yes. Get your financing before you start shopping for a home, vehicle or other major purchase. By doing this beforehand you’ll save yourself lots of money! Not only that, you’ll be in a great position to negotiate your purchase with the seller. There are so many ways that you can shop for your financing these days. Here are some tips and information to assist you with finding out where you can start looking for your financing needs:
1) Using the
internet is a great way to do research on your financing. The internet provides you with an array of
financing options to choose from. You
get to check on what company provides you with the best interest rate for your
needs. You’ll even find financing options
you didn’t even realize are available to you.
2) Your own
bank. Go to your bank and apply for the
financing you need. Get pre-approved for
your loan prior to making your purchase.
What better place to secure your financing than your own bank! You’re
banking with them so why not consider giving them the opportunity to help you
with your major purchase. Just make sure
the interest rate their charging you is a good one!
3) Consider credit
union financing. Sometimes you’ll find
lower interest rates for that major purchase you’re trying to make via a credit
union. Credit unions are also competing
for your business as well and have become major players in the financial world
these days. This is good, because you
have another outlet to secure your financing from.
4) Check your local
newspaper, phone book and other media sources for prospective companies that
provide financing that you may consider using.
5) As a last
resort, consider using the seller’s financing provided. The seller may have competitive interest
rates you may be interested in applying for to make the major purchase you’re
interested in.
So, as you can see,
there are several financing options available to you to secure your financing
before you make your major purchase! You’ll have the edge on your seller when
you’re getting ready to make your purchase.
Yes, that’s right! You can negotiate how much you’re paying for that
home, vehicle or other major purchase before you sign on the dotted line. You’re in the driver’s seat because you have
your money already, remember you’re already pre-approved! So, let the negotiations
for your major purchase begin!
Disclaimer:
This article is presented solely as an example and is not meant to replace
qualified financial advice. If you or someone you know require up to date
financial or legal help, seek qualified assistance. No content on this site
should ever be used as a substitute for direct legal counsel from your lawyer
or a qualified attorney.
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