Home Purchasing, Financing Mortgage & Taxes Information

When buying a home there is 2 common methods. Cash and Financing (Mortgage).

Cash – The easiest method. With cash you know exactly how much you can spend before closing costs. Cash also makes for the fastest closing due to eliminating mortgage processing times.

It’s a common misconception that banks will lend any amount of money because of good credit. This is not true.

Financing – Going the mortgage route is much more complex. You have to find a lender that you want to work with. Shop around for a good rate and a lender who responds in a reasonable amount of time. A bad sign is when emails go unresponded to for days. Different lenders and banks will have various rates. Large banks have developed reputations for being late to close. It’s good to shop around.

Video – Mortgage Pre Approval For Home Buyers. Mortgage Approval is the first step in Serious Home Buying

Pre Qualification – This is NOT recommended. The pre qualification does not look at all aspects of qualifying for a loan. Typically they ask a few basic questions on the phone and send a estimate. Sadly this is wrong very often.

Pre Approved – This is what you want AND need. Both private home sellers and home builders will ask for it. Some sellers will not show their home to anyone not approved. It should always be done prior to looking at homes. It will show you exactly how much the bank will lend, saving you a lot of time. From there you can target a truly qualified price range and not worry about being turned down by the lender when in contract to buy. With approval the lender will look at some things like credit score, multi year tax returns, bank statements, debt ratio, living expenses, car payments, credit card debit, liens, investments, and more. Contact a mortgage professional of your choice for the latest information.

Taxes – A licenced Accountant should always be consulted for the latest tax laws. If purchasing for a investment property the account can go through everything you need to know before you buy.

Down Payment Assistance Click Here

Down Payment Assistance Rich Noto Realtor

Please Contact Rich Noto Realtor for Homes in Winter Garden and Orlando with any Questions or for representation. Remember the new home builder and resale seller includes the Realtor fee in the price. The builders sales team has the builders best interests in mind. If you choose not to use a Free Realtor in Orlando the price is the same but without the guidance and protection I can offer.

Lakeycia Jefferson

2022-04-08

I came across Rich's videos on YouTube while searching for a realtor in the Orlando, FL area and could immediately tell he knew the market and the process to home ownership. As a previous homeowner, I know how daunting the house buying process can be so it was important for me to have a top notch realtor to help me with a second home purchase while I lived in northern California. Rich's knowledge, expertise, professionalism and customer focus was exceptional! He kept me updated from afar, sent photos of the building process, provided recommendations for independent home inspections, helped me negotiate a lower interest rate, walked me through a post construction inspection and provided insightful tips throughout the 8 month home build. I can go on and on about the remarkable service Rich provided to me. He over delivered! I HIGHLY recommend Rich Noto you will not be disappointed!

Jose Puyosa

2022-03-07

Rich noto is the best realtor you'll find in the central Florida area. I saw his YouTube videos, and i was delighted the way he explained everything. Made an appointment. He showed me a lot of home community options that fit my budget. The best thing is that he is more than a realtor, also he is a licensed inspector and help me to see all the little details or concerns during the building and inspection points. I believe this realtor is available 24/7, every time i texted him, i got a reply back right away.

Rob Vaniglia

2022-03-06

We used Rich during our relocation from out of state to the Winter Garden, Florida area. He helped us navigate many different new home builders across many neighborhoods all while we were mostly remote. He helped us negotiate an amazing deal. His wealth of knowledge of the area and his referrals for contractors and vendors was exactly what we needed as we were not in the area for most of the construction process. The outcome could not have been better, and I would recommend him to anyone!