Pamela Madore
Keller Williams Realty
I am on a mission to please, please help you understand the importance of getting pre-qualified NOW even if you don't plan on buying a house for a year!
There are so many things that go into qualifying for a mortgage that work behind the scenes that the normal person doesn't know about.
Let me give you some recent experiences:
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| http://www.iloveamarillo.com/financing/ |
Dave Ramsey is awesome and lots of people have become debt free because of his teachings. Recently a lender I work with told me that he had an applicant come to him to buy a house. They had been through the Dave Ramsey program so they were debt free and had saved enough money to put 20% down on a house. Sounds great, right? Wrong.
Because they were debt free and had no credit they had no credit scores and therefore they couldn't get a mortgage. So here we have people that were doing everything right (they thought) and ended up disappointed. If they had gone through the pre-approval process 6 months before they were thinking of purchasing this would have been discovered and they would have had plenty of time to fix it.
How about this one. I have been working with a young first time homebuyer couple. They are well nervous about how the whole process works. Explaining the basics (not to overwhelm them) I emphasized the important of getting pre-approved. I sent them and reminded them more than once that they needed to fill out the 15 minute online application. They never did.
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www.amarillo.rightstartmortgage.com |
Two days ago they called me with a picture of their dream home and wanted to move in today. Did they get pre-qualified? No. So we rushed the pre-qualification and did they qualify. No. But here is the heartbreaker. It was not a major problem and can easily be fixed in 30 days. Do you think their dream home will be on the market for 30 more days?
Getting qualified is the biggest step you can take when buying a house. I am on my knees begging here, DO IT NOW! With mortgage guidelines so complicated now sometimes we need lead time to fix things. But anything can be fixed if we work at it--unless maybe Bubba stole your credit card, your car, your house, your job and your wife. That might take a little
time to work out.
Getting qualified is FREE. You can meet in person or fill out an application online. Remember that not all lenders are the same. If the first one says no try someone else until you find someone that can help you.
Or just call me.
Pamela Madore
Keller Williams Realty
3955 S Soncy Amarillo TX 79199
806-290-1920
I can go to 580 on credit scores
I can do one year self-employed
I can do FHA, VA, Conventional
Geez Louise. Please DO IT!
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