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The Lender Pre-Approval Letter is the Ticket To Your Dream Home

By Doug Rogers

Real Estate Agent with RE/MAX Coastal Properties BROK.995683208

April 05, 2013 04:26 AM

The Lender Pre-Approval Letter is the Ticket To Your Dream Home--

"Hi Doug, we would like to look at your listing on Hill Street. Can You meet us there are 3pm?"

If I only had a penny for every consumer call that started this way... Such a call is only natural, considering that agents advertise houses to the public, not procedure. Let's take a minute to learn why it is important to speak with a lender before searching for your new home.

Buying a house has changed greatly in the last few years-- Buying a home 5-10 years ago meant well, finding a home to purchase. Financing was far more relaxed. These days lenders take a close look at your purchasing power. It's good practice to speak with a lender early on, just in case there are some "credit wrinkles" that require ironing...
Online Mortgage Calculators can be waaaaaay off-- How hard can it be? Sale's price, loan rate, and term, pretty straight forward right? Not so fast...escrow items, and local taxes can make your payment vary greatly from region to region.
Getting Pre-Approval will save you time-- Working with your local lender, you can determine a comfortable monthly payment. This in turn will let me know what price range homes to show you. Why waste time and gas looking at homes outside your comfort zone?

Ready to purchase a home in Alexandria, Louisiana? Call Doug Rogers (318) 613-1994 or click Alexandria Homes For Sale today!

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Jane Peters

Home Jane Realty - Los Angeles, CA

Los Angeles real estate concierge services

Well said, Doug. I and I love it when buyers say, "don't worry about it, I can put down so and so much". It means nothing. If you have to get a loan you are going to have to make sure you qualify.

Apr 05, 2013 05:43 AM

Joni Bailey

101 Main St. Realty - Huntsville, TX

Your Huntsville / Lake Livingston Area REALTOR®

If I had a dime for every time I have answered that same telephone call! WOW!!

Apr 05, 2013 02:10 PM

Juli Vosmik

Dominion Fine Properties - Scottsdale, AZ

Scottsdale/Cave Creek, AZ real estate 480-710-0739

AMEN. Doug, the first words out of my mouth from a cold call are, "Are you working with another agent" and "Will you be paying cash for a home or have you been pre-approved for a mortgage." I don't know why people are physically looking at homes they may or may not be able to afford. I understand wanting to see what's out there - but that's what internet searching is for. When you're fully ready, I'll take you to every possible listing out there - until then, my money is safely in my pocket and not in my gas tank!!!!

Apr 06, 2013 07:49 AM

Mary Yonkers

Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA

Erie/PA Real Estate Instructor

Doug, I agree with you and the three J's Jane, Joni and Juli. Cash or pre-approval is your ticket to view the property.

Have a good week.

Apr 07, 2013 07:00 AM

Morgan Evans

Douglas Elliman Real Estate - Manhattan, NY

LICENSED REAL ESTATE SALESPERSON

That pre-approval for financing is definitely the ticket to be able to see a property.

Apr 11, 2013 07:52 AM

The Lender Pre-Approval Letter is the Ticket To Your Dream Home

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