So many advantages

How can you improve your chances of buying a home especially when there are so many multiple offer situations?

Paying Cash, waiver of contingencies, mortgage pre-approval but what if you could actually not just have a pre-approval but an actual commitment when you go house hunting?

Prosperity Home Mortgage is offering buyers the Buyer Advantage. It takes about 7-10 days and you end up as a buyer with an actual commitment with a Commitment Letter putting you in a stronger position than a buyer who only has a pre-approval.

The Prosperity Buyer Advantage is complimentary, there is no additional cost to obtaining this. It allows you as a buyer to make a stronger offer, the seller does not have to wait for you to make a loan application as you already have the commitment. It allows you as a buyer to be more flexible with closing dates and helps to ensure an on-time closing and even a quick closing if a seller prefers that.

With so much of the paperwork already completed it allows for a smooth process for buyer and seller as allthat is required is an appraisal to be completed and title insurance to obtained, so there should not be any last minute issues.

The mortgage commitment lasts about 60 days, then needs to be updated with new paperwork to stay current, so if the house hunt takes longer than expected it does need some additional paperwork,but the bulk is taken care of and this is more a matter of updating bank statements.

Sounds a great idea for buyers to get ahead of the game as they start out looking for houses.