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Know if you qualify for a mortgage before you start looking. |
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Is your credit in order? Do you need a down payment? If so, how much of a down payment do you need? Do you have sufficient income to buy the type of house you have in mind? These are just a few of the questions that need to be answered before you start looking for a home. Don't spend all weekend or several weeks looking for the perfect house if you don't know for sure if you can get the mortgage? Get Pre-Approved for a mortgage before you start your home search. |
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| 2. |
You need to know how much you can safely afford. |
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Your Realtor can tell you everything about every house that is for sale in the neighborhood you like, but they don't have access to your entire financial picture such as income, assets, employment history, etc. The most common mistake that home buyers make is they try to buy too much house. Know what mortgage you can safely afford before you start looking for a home. |
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Most Realtors will not allow you to make an offer on a house without being Pre-Approved for a mortgage first. |
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Most Realtors will require a mortgage "Pre-Approval letter" from a Lender prior to putting in an offer on a house. Make sure you have everything you need to make a bona fide offer before you ask a Realtor to start showing homes. |
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Having a mortgage arranged first puts you in a much better negotiating position with sellers. |
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With so many good deals right now, don't find yourself scrambling to arrange a mortgage after you've made an offer. Whatever the case may be whether there are multiple buyers interested in the same property or your dream home has a motivated seller looking to move quickly, having a mortgage already arranged gives you the upper hand while negotiating with the seller. Ensure you have every available advantage, get Pre-Approved for a mortgage before you look. |
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Get expert advice on the best way to structure your offer to suit your personal financial situation. |
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Should you ask the home's seller to pay for your closing costs? Should you seek down payment assistance? Do you have money to start an escrow account or should you also ask the seller to pay for that as well? We know your finances and can help you structure your offer to your advantage. Arm yourself with as much information as possible before you seek the assistance of a Realtor. |
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Call Ryan Today! 800-701-0444 x214 |
