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SO I CALLED MY MORTGAGE BROKER...

By Ken Tracy

Real Estate Agent with Coldwell Banker Residential

May 01, 2009 08:24 AM

So I called my mortgage broker the other day. It was quite painless...

My wife and I have been looking for a home here in Naperville the last two months. So far it has been very casual. Mostly online searching, but we have looked at a few...

Ready to take the next step, I called my mortgage broker the other day...

He took a look at our credit reports and made a couple recommendations to improve our scores. He also gave me an idea of what we could be approved for this fall...

Nickie and I are close to making our dream a reality. Buying a home in Naperville...

So if you are considering buying this year, stop dragging your feet. Contact a mortgage broker. Get the process started...

Until you get preapproved, you won't know if you are a buyer, or really just looking...

My wife and I just found out we will be buyers this year...

Ken

To search for homes in Northern Illinois, just visit my website anytime...

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Pete Xavier

Investments to Luxury - Pacific Palisades, CA

Outstanding Agent Referrals-Nationwide

Ken, Congratulations on getting that squared away and on your future purchase! Something that normally is painless is sometimes hard for new buyers to see it as such. Regards,

May 01, 2009 08:36 AM

Michael Wayne Jackson

Coldwell Banker - Novato, CA

Broker - Seniors Real Estate Specialist Novato

Kind of hard not to buy with all of the incentives and historically low rates..

May 01, 2009 08:37 AM

Team Honeycutt

Allen Tate - Concord, NC

Mortgages are not has hard to get as the media makes it sound. It's all about consumer confidence now!!!

May 01, 2009 08:42 AM

Joseph D. Federico

MVP Realty - Naples, FL

Southwest Florida Homes with Joe Federico

Ken-All my best in you search for your family home.

May 01, 2009 08:44 AM

An Marshall

Berkshire Hathaway - St. Augustine - Saint Augustine, FL

Your St Augustine Real Estate Consultant

Pre-approval is step number 1. Not getting pre-approval reminds me of the time I went into Tiffany's "window shopping". My nephew casually sat in the seat where you get waited upon to try on world's most precious gems and whipped out a deck of playing cards to entertain himself while I browsed. I did my ten minute stimulating peek of carots and price tag but I would never have taken the time of the salesperson because I had no intention of buying that day.

Once a customer has pre-approval, I would be glad to show him "everything in the store" in his price meeting his criteria!

An Marshall, REALTOR

Prudential Network Realty

Extremely Full Service

Ranked #1 for Seller Satisfaction, by JD Power & Associates

www.AnMarshallOnTheMove.com
view my blog

email:an.marshall@prudentialnetworkrealty.com

May 01, 2009 08:56 AM

Heather the Realtor Orlando, Lake Mary

LemonTree Realty - Orlando, FL

First Time Home Buyers, Bank Owned Homes

Ken how does it feel to be in your buyers shoes? Its the first step I recommend to all of my buyers is to get preapproved without it you have no foundation.

May 01, 2009 09:00 AM

Marney Kirk

Cummings & Co. Realtors - Towson, MD

Towson, Maryland Real Estate

Ken, what a great post. We need to remember what we need to make sure our CLIENTS do as well. And congrats on becoming a new buyer!!! How wonderful! Enjoy the $8K tax credit!

May 01, 2009 09:11 AM

Ken Tracy

Coldwell Banker Residential - Naperville, IL

Helping clients buy and sell since 2005

Hi Heather, An, Joe, Allen, Mike, and Pete. Thanks for reading.

It feels good to have buyer shoes on. We have been renting for three years. I want my own garage!:)

Thanks again,

Ken

May 01, 2009 09:15 AM

Ken Tracy

Coldwell Banker Residential - Naperville, IL

Helping clients buy and sell since 2005

Hi Marney. Thanks so much.

I will be getting the tax credit. Kind of fell into my lap. Sold in August 2006, buy in October 2009.

Works great!

Thanks again,

Ken

May 01, 2009 10:04 AM

Anonymous

steve rogers

Sometimes in the whirlwind of our lives we put ourselves on the back burner way too long.It is exciting to see you put your family's needs right up there with your clients!

I think it is a fantastic time to become a homeowner. Talk about buying on sale.

The important thing with buying today is to talk with a full time lender who can and will work with buyers as long as the process takes. Sometimes that means starting on a credit repair process that will raise the credit scores or sometimes it means moving debt to lower monthly cost options in order to bring ratio's into line. These are things that can take time. If the need is there and the contract is already written before talking to a qualfied lender the deal could end up in the circular file before you know it.

Keep up the good work and the top notch posts!

May 01, 2009 10:22 AM

#10

Ken Tracy

Coldwell Banker Residential - Naperville, IL

Helping clients buy and sell since 2005

Hi Steve. Thanks for reading.

Wisdom from the mortgage side...

Talk to you soon,

Ken

May 01, 2009 10:31 AM

Steve Shatsky

Dallas, TX

Hi Ken... I know a good real estate agent up in Naperville if you need one... oh wait, I just remembered, it's you! As Gilda Radner used to say in her role as Emily Litella on SNL... "Nevermind!"

Good luck on the purchase of your new home!

May 01, 2009 05:33 PM

Ken Tracy

Coldwell Banker Residential - Naperville, IL

Helping clients buy and sell since 2005

Hi Steve. Thanks for reading.

I need to sell some homes before I can buy one!

I hope things are well,

Ken

May 02, 2009 02:30 AM

John Walters

Frank Rubi Real Estate - Slidell, LA

Licensed in Louisiana

Ken with the first time home buyers credit, buying should be cheaper than renting this year.

May 03, 2009 02:00 AM

Ken Tracy

Coldwell Banker Residential - Naperville, IL

Helping clients buy and sell since 2005

Hi John. I think it will be cheaper for us!

Thanks for reading,

Ken

May 03, 2009 05:26 AM

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SO I CALLED MY MORTGAGE BROKER...

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