Recently I have been dealing with many first time buyers that find that special house they want, only to find out that they weren't pre-approved by a lender. So they don't know how much they can qualify for, and even it they can qualify. This is why they need to start the process by approaching a loan agent, and supplying all the documentation they can to make it a smooth process. Whenever I tell them this I give them a heads up about what the lender is looking for such as 2 years of tax returns, bank statements of down payments and pay stubs. By doing this I have them gathering all the needed docs before hand so they are ready. This saves them a lot of time and doesn't delay their making the offer.
I also have them get to know the market place so that they know a good deal when they see it. I have them log on to my web site at www.myslohomefinder.com to assist them. I encourage them to preview model homes and go to open houses to just see what's out there.
Comments(1)