mortgage preapproval: Low Housing Levels = Fast-Paced Housing Market
- 02/03/20 12:37 PM
Low Housing Levels = Fast-Paced Housing Market You don't have to look far to find headlines that report about the housing shortage that many U.S. housing markets are currently experiencing. They're everywhere. One reads, "Housing inventory falls to a two-year low". Another reveals, "For-Sale Housing Inventory at Multi-Year Low". And that's just a smallthat's available across the many media formats. This lower level of available housing comes at the same time that the markets are seeing an uptick in the number of consumers wanting to buy a home. Lower, tempting mortgage rates have made the prospect of homeownership, step-up buying, and refinancing attractive to a growing number of prospective … (9 comments)
A scenario I'm all too familiar with played out once again over this last weekend ...
A phone call came in from a prospective home buyer. They wanted to get pre-approved for a mortgage. Their realtor had advised them that they needed a Pre-Approval Letter in order to submit an offer on a home they had viewed and fallen in love with.
Time was of the essence, as they hoped to submit their offer to the home's Seller immediately. Interest in the home was high and they were sure there would … (19 comments)
One of the social media sites I find most helpful (and enjoyable) is Pinterest. And I don't mean just business-wise either ... Need ideas for your home? Want to know how to repair something? Ideas for your landscaping, gardening? Love history? Travel? Fashion? Looking for a new recipe? You can search almost any topic on Pinterest and find a large array of "pins", info, tips, advice, pictures and more to look at and consider. I can't tell you the number of helpful and informative things my wife and I've found there. (Or … (38 comments)
Typically a Real Estate Contract reads that Home Buyers must make Mortgage Application within 5 business days after signing the Contract. During the Mortgage Application (and even before) I, as your Mortgage Lender, will advise you to begin shopping for your Homeowner's Insurance. For the Pre-Approval, and even at the time of Mortgage Application, I'm using an ESTIMATED dollar … (15 comments)
mortgage preapproval: I Want to Find a House First and then I will Talk to a Lender!
- 11/12/11 07:37 AM
There's little I can add to the great advice and sound reasoning provided in the following blog by Jane Peters, Los Angeles Real Estate, Power Brokers International. What I can tell you as a Mortgage Lender is this ... obtaining a mortgage in this current market, has become an increasingly multi-faceted and detailed thing. Because of that fact, any potential home buyer needs to seek out and work with a knowledgeable, experienced mortgage lender with a high and established successful closing rate. Working with this lender, and an experienced agent will improve your chance of successfully purchasing a home immensely ... on … (6 comments)
Low Housing Levels = Fast-Paced Housing Market You don't have to look far to find headlines that report about the housing shortage that many U.S. housing markets are currently experiencing. They're everywhere. One reads, "Housing inventory falls to a two-year low". Another reveals, "For-Sale Housing Inventory at Multi-Year Low". And that's just a smallthat's available across the many media formats. This lower level of available housing comes at the same time that the markets are seeing an uptick in the number of consumers wanting to buy a home. Lower, tempting mortgage rates have made the prospect of homeownership, step-up buying, and refinancing attractive to a growing number of prospective … (9 comments)
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