Home Loans Lees Summit

Home Loans Lees Summit

CNNmoney.com's Real Estate guide for 2013 recently proclaimed that "Housing is Back!"  The article continues on to say that in some places even bidding wars are taking place on homes.  That means that home prices are edging upwards however interest rates still remain low.  People who found themselves underwater in their current mortgages are starting to get room to breath and that means there are more homes coming on the market. 

With all that said there is still a shortage of houses for sale and that means you need every edge you can get when you're looking to purchase a home in times like these.

The best 'edge' you can give yourself over another home buyer is to get pre-approved for a home loan. Click here to get pre-approved!

Since there are more people looking to buy a home than there are people looking to sell their home that means high competition for the homes that are for sale.  Getting pre-approved means that you are already to go with a mortgage company and you can know the dollar amount you are able to use to purchase that house you've been dreaming of purchasing!

Many people are confused when it comes to buy a house and the pre-approval process.  It's the opposite of when you are shopping for anything else.  When you are shopping normally you want to find the product you're looking for and THEN find out if you have enough money to purchase it.  The difference when buying a home is that you should know how much you can afford before you start shopping! Which saves you a ton of heartbreak!  You can figure out which mortgage is best for you by visiting our website, KC Loan Tips.  You can choose between the standard conventional loan (20% down payment), The FHA loan (3.5% down payment), The VA Loan (100% financing and no PMI for active-duty military and veterans) or the USDA loan (100% financing if you are purchasing in a qualified rural area!)

If you're looking into a Home Loan Lees Summit, The Second best thing to do in a Seller's market (like now) is dispense with your low-ball offer.  Many people have been told that your first offer should be for 20% less than what the seller is asking.  With multiple bids coming in on their house if you offer closer to the purchase price it could up your odds of winning the bidding wars!

Those two tips can make a big difference when you're looking to buy home, so get pre-approved here and make a great offer on the home of your dreams!

Home Loans Lees Summit