Members: 99,938 -
2,565 Online Now
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Blog entries tagged with "preapproved":
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers
and brokers listed on this site. These real estate profiles, blogs and
blog entries are provided here as a courtesy to
our visitors to help them make an informed decision when buying or selling a house. ActiveRain
Corp. takes no responsibility for the content in these profiles, that are written by the members
of this community.
© 2007 ActiveRain Corp. All Rights Reserved 
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
So many times I have heard customers make the statement that they are going to "feel out the market" and it just makes me shudder. With the rates so volatile and the uncertainty of tomorrow's housing market, today is the time to snatch up that home. If the companies such as … (13 comments)
Get Pre-Approved Before you find your perfect home!
… (2 comments)
Many Realtors, the better ones for sure, will ask you "Are you Pre-approved?". Don't be offended, in fast the best answer you can give is: Yes I am pre-approved for $xxx,xxx.xx thank you. Being pre-approved can save you big embarrassment and even time. Honestly, how do you think it looks if … (0 comments)
But the OTHER Guy Said I was Approved...II Not All Lenders are Created Equally! The Triumphs and Challenges of Getting a Loan for a Home can be Maximized and/or Minimized, Depending on WHO YOU CHOOSE to Do Business With (And: I Don't Necessarily Sell Houses--I Really Find Solutions to Challenges)
Not long ago, easy money and low rates were readily available. In today's market, however, that's not the case. It's important to shop around for a mortgage and get preapproved by a lender before you even start visiting open houses. 
Did you know that loan pre-approval and loan pre-qualification are different?
In the current market, and any market for that matter a quality lenders Pre-approvel is a must. There are many new lending guidlines, terms, conditions, and they are changing quite often right now. This makes talking with a knowledgeable, competent, and honest lender more important then ever before. The good news … (0 comments)
My kids people are grown and have left the nest & my husband is out of town. I love them dearly, but was so happy that I was free to show houses this Saturday to a charming young lady who is attending college here in Florence.Does anyone remember being 21? I do. … (6 comments)
But . . . you don't know how to get started?
"American by birth, southern by the grace of God". A silly little saying that I've heard all my life growing up in Georgia. I've never thought much of it, but as Spring approaches, I can see from where it comes. Georgia is a beautiful state, and as Springtime nears, it really … (19 comments)
As my business grows, I get more and more questions from both buyers and sellers as to why I require preapproval to show a house. There are dozens of benefits to sellers and buyers in any market. Here's the basics:
I have been working with a young couple that wanted to buy a house here in Bryan College Station, TX. When they talked to the loan officer to get pre-approved, it came up that they recently bought a new car last month. This might have been okay except that the car … (7 comments)
NEWS FLASH!
Sometimes, one quick breath can bring a deal back to life.
It is important for any potential home buyers to get a pre-approval letter or aleast a pre-qualified letter before searching for homes.
I was corresponding with a colleague in Nevada, about a week ago and the subject came up about bank owned homes and their auctions. Since these type of sales are a part of the market we are presently experiencing, it seems only appropriate to clarify how foreclosure properties get sold.As it … (0 comments)
With so many buyers starting their search for the right property on the Internet and then narrowing properties down by driving by before they call an agent, WEB SITES and YARD SIGNS are extremely important. What better way to help your seller than to provide another marketing tool to help draw … (2 comments)
How Sellers Price Their Homes
… (6 comments)
I want to clarify some mortgage lingo. I had a Realtor get mad at me this summer because I poured out some terms that she did not understand and she thought I was trying to talk over her head and I was not.
Whether you're in the market for a primary residence, an investment property or a second home, purchasing real estate involves many important considerations and decisions. A real estate agent can provide the focus, due diligence and expertise needed to help you find the home of your dreams. A real estate professional … (0 comments)
Start by shoring up your credit.
For all of my buyers out there, here are 10 Steps to help you Prepare for Home Ownership:
Last Wednesday a friend referred to me a co-worker who had just mentioned to him that he was under contract to buy one a lovely new construction here in Cape Coral, but was having problems getting the mortgage financing.
Real estate practioners often hear the terms "pre-qualified" and "pre-approved" used.
Well with the recent fallout on Wall Street and in the Sub Prime Mortgage Markets, now it the time to re-assess just where the heck we are all at!
Many are under the assumption that since they were preapproved a few months back that they are still preapproved. Is this true?
The 9 things you must know before you buyBefore putting all you money into mortgage payments, pleaseconsider the following 9 important issues. By consideringthese important financial issues, you will be able to makeyour payments work much harder for you.1. Get pre-approved BEFORE you look for your new homeOf all the steps … (4 comments)
There is a lot more to the mortgage process than getting a good rate. High costs in fees and poor service can come as very unhappy surprises.
It used to be that buyers could go house shopping and when they have found their dream home, then they go to get pre-approved. However, in today's market, that has proven to be one of the least effective methods in landing the dream home. Most lenders can pre-qualify you for a … (0 comments)
Breaking News!
A pre-qualification is an estimate of how much you can afford provided by a mortgage lender. It is based on information you provided. Final loan approval is based on further investigation such as credit report and income/expense verification.
… (0 comments)
Now that you've decided that you want to buy a home. Why not take the next step, prior to starting your Home search? Determine how much house you can afford!
Did You Know? The first REAL step is to get pre-approved in writing by a mortgage lender. This lets you know the maximum mortgage for which they can qualify. It also lets the seller know you've positioned yourself well for the closing process to be smooth. 
Buyer's frequently asked questions
What does is mean to be preapproved?
There is nothing worse for a home seller than to find out just before closing that the buyer does not qualify for a loan. Pre-qualified and pre-approved are two different things! Financing today is much more complicated than it used to be. Investigating the buyer's financial situation is critical. Has the … (0 comments)
Examine your finances and shop around before you apply for a mortgage. Shopping for a mortgage is the first step toward owning a home and perhaps the most daunting, especially if you are not prepared. 
Is Your Buyer Qualified?Unless the buyer who makes an offer on your home has the resources to qualify for a mortgage, you may not really have a sale. If possible, try to determine a buyer's financial status before signing the contract. Ask:1. If the buyer has been prequalified or preapproved (better) … (0 comments)
I am sitting here on Martin Luther King, Jr.'s Birthday and wondering - "What do 1st time homebuyers need to Know about the Mortgage Loan Process?"
1- Choose the wrong Mortgage: Make sure you analize very well all your options, then put your choices side-by-side and do the math, don't forget to compare worst-case scenarios.Also make sure to look at initial rates future rates and the possibilities of prepayment penalties.
To put you the buyer in the strongest negotiating position possible, you must get "Pre-Approved." Price is only one element in the negotiations of a home purchase, and not necessarily the most important one. Often other terms, such as the strength of the buyer or the length of escrow, are critical … (2 comments)
1.) Looking for a home without getting pre-approved.
Do you want to get the best house you can for the least amount of money? Then make sure you are in the strongest negotiating position possible. Priceis only one bargaining chip in the negotiations, and not necessarily themost important one. Often other terms, such as the strength of the buyer … (1 comments)
1. Don't Get "Pre-Qualified!" Get "Pre-Approved"Do you want to get the best house you can for the least amount of money? Then make sure you are in the strongest negotiating position possible. Price is only one bargaining chip in the negotiations, and not necessarily the most important one. Often other terms, … (1 comments)