The Mortgage: 10 Things to Know

The Mortgage: 10 Things to Know

The Mortgage:  10 Things to Know . . .

  1. It’s not as intimidating as people would have you believe
  2. Don’t rush the home-buying process
  3. You need to know what you can afford (for what size loan can you be approved?)
  4. So you need a good Mortgage Lender, and . . .
  5. That means you have to shop for a good Lender – they are NOT all the same!
  6. A good Lender will let you know if your credit report needs your attention.
  7. Repairing the credit report might delay your home search, and that’s okay because . . .
  8. Better credit gets you more house in the area you desire most
  9. Better credit means you shop with a Pre-Approval Letter, not just a pre-qualification letter . . .
  10. Sellers want Buyers who can prove they can close the sale.  A Pre-Approval says YES, a Pre-Qualification says MAYBE

Buying a home is not as intimidating as people would have you believe; it’s a wonderful experience!  When you employ my team, we will be with you every step of the way, properly advising you and making this whole thing as exciting as it should beDon’t rush the home-buying process.  Rushed decisions are often poor decisions.  As soon as possible begin putting together your wish list and the ‘must-haves’ for your new home.  Buying a house is not the time to settle!

You need to know what you can afford, and to learn that you need a good Mortgage Lender, and that means you have to shop for a good Lender

A good Lender will let you know if your credit report needs your attention. There may be bad information which needs correcting on your report; you may need to contact a former lien holder to let them know your account is paid in full so they can alert the three bureaus; you may also need to do some repair work, and a good Lender can advise you on that.  All this might delay your home search, and that’s okay because better credit gets you more house in the area you desire most!

Here’s some great, inside information that just makes sense . . . Sellers want to work with Buyers who can prove they can close the sale.  Many prospective Buyers will show up with a Pre-Qualification letter, but that doesn’t prove they can close the sale, and worse it cannot tell anyone what they can afford!  In this process, better credit means you can shop with a Pre-Approval Letter, not just a pre-qualification letter.  Remember, Sellers want Buyers who can prove they can close the sale.  A Pre-Approval says YES, a Pre-Qualification only says MAYBE.

I have a Lender I greatly value, and am happy to share them with you when you call.  They are a vital member of MY TEAM, and the rest of my team will be just as valuable during the Home-Buying process.  Follow the provided links, and let’s get busy on the purchase of your new home!

My best always,

Denise

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