The New eBook Advises Homeowners-To-Be on How to Avoid Being Taking Advantage of During the Home Buying Process
LOS ANGELES, CA / ACCESSWIRE / December 13, 2018 / LendPlus, a company that specializes in mortgage loans, has just published an eBook titled "Real Estate's Dirty Little Secrets: How To Not Get Ripped Off When You Buy a Home."
To download a free copy of the new eBook, please visit https://www.lendplus.com/ebook-download/.
As a company spokesperson noted, the team at LendPlus knows that for most people, buying a home will be the biggest financial transaction they will ever make in their lives. Unfortunately, the spokesperson noted, if people are not careful and knowledgeable about certain pitfalls and situations that can arise during the home buying process, they may end up encountering difficulties.
This knowledge inspired LendPlus to write and publish the in-depth eBook. By offering it at no cost, the team from LendPlus hopes they can help as many potential homeowners to avoid stressful and distressing situations.
The eBook tells the story of Daniel and Mary, a couple who hope to buy a home. As the eBook notes, LendPlus's industrial surveys of residential real estate transactions found that home buyers are paying too much when they are buying a home. In addition, they are often being taken advantage of, or, at the very least, they are being misadvised.
As the eBook notes, the first "Dirty Little Secret" that Daniel and Mary are about to find out is that the "Listing Agent is Not Your Friend." Lisa, the real estate agent who is hosting an open house that the couple attends, is the listing agent and is representing the owner of the home.
"For this single and most critical reason, she should not represent you, the buyer, in this transaction," the eBook notes, explaining that the listing agent will have the home owner's best interests at heart and not any potential buyers.
"The next dirty little secret no one is eager to tell you about is that Prequalified Does Not Mean Preapproved," the eBook notes, adding that Daniel and Mary were told they were "prequalified" for a home mortgage worth up to $425,000.
"Prequalified is like a license to hunt—doesn't mean you'll catch anything. You could still be turned down, not preapproved, for a mortgage," the eBook notes.
"Preapproved means you are quite likely to get your mortgage and much of the paperwork for an actual mortgage is already in place. Big difference."
About LendPlus:
LendPlus leads the way for full-service, non-bank direct lenders. LendPlus specializes in residential mortgage loans. Learn more about LendPlus by visiting their website: https://www.lendplus.com/.
Contact:
Faith Andrews
(949) 555-2861
SOURCE: LendPlus
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https://www.accesswire.com/530471/LendPlus-Publishes-New-eBook-that-Focuses-on-Real-Estates-Dirty-Little-Secrets
