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Home Buying Secrets- Homes Are At Blue Light Special Prices, Are You Participating?
By Racheli | May 18, 2008
- Before You Jump In The Car Shopping Get pre approved.
Many people just get Pre-Qualified for a loan. This is not enough. Pre-approval is real- you provide all the necessary documents needed to be approved for a loan with a lender. You get a conditional approval from a lender for a dollar amount you qualify for. So that you will know all the conditions that will make this loan possible. - Stay In Touch With Your Loan Consultant.
Guidelines are changing daily. If you don’t have an approval on a property that approval is subject to change. Your loan consultant should notify you of any changes. If you feel your consultant is not will suited for you I will gladly refer you to someone who will be more attentive. - Go Shopping For A Home Within The Range You Qualify
Now that you have the dollar amount you qualify for, you can go shopping. Discuss with your realtor the options you must have in a home and those you will not settle for. - Keep Your Financial Profile The Same.
Any change in your financial picture could mean that the loan you are Pre-Approved for is no longer available. No shopping for big-ticket items like cars, furnishings, etc, keep your credit in tack, and no changes in your job. - Submit Your Pre-Approval With Your Offer
When you do this the seller knows you did your homework. The only items left are approval, inspection, title, and survey. If it is a single family home you can close very fast because ¾ of the work was done. A seller may accept your offer simply because you can close fast.
When it’s time to run the numbers and get Pre-Approved, contact us. We want to have the opportunity to serve you and take you on a First Class Ride. You will be treated with the utmost respect and professionalism. When you need a referral to a professional realtor in your area please Email me at info@loans-4-u.com I’ll gladly refer you one.
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