Special offer

ARE YOUR BUYERS FINANCIALLY QUALIFIED?

By
Real Estate Agent with ERA Belsito and Associates

ARE YOUR BUYERS FINANCIALLY QUALIFIED?

             With home prices and interest rates running wild, many first-time buyers have to stretch themselves financially to buy a home...and even then can't get approved. Most purchase agreements allow buyers a release from the contract if they can't qualify for a home mortgage loan, so get clear reassurances before you make a commitment to buyers.  Most contracts now require timely loan applications and pre-qualifying letters from the lender.

            While there is no way to be absolutely certain that buyers will be able to obtain financing, I can eliminate those who are not financially qualified.  As a real estate professional, I help buyers determine what they can afford and whether there are financing alternatives that can stretch their buying power.  I might advise buyers to explore a range of loan options available in today's mortgage market.   Homebuyers are wise to start by obtaining a pre-approval letter from a mortgage lender.

            My training and experience enable me to resolve difficulties quickly without wasting time.

           

Visit www.SamanthaNichols.com for more details

For a professional real estate consultation with a friendly approach based on honesty, integrity and positive results, please contact Samantha Nichols direct at 508-726-1870 or email at Sam@SamanthaNichols.com. ERA Belsito and Associates is conveniently located at 100 Court Street in Historic Downtown Plymouth, MA 02360.

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I provide services in the following South Shore and Cape Cod MA towns: Bourne, Carver, Cohasset, Duxbury, Freetown, Halifax, Hanson, Hingham, Hull, Kingston, Lakeville, Marion, Marshfield, Middleboro, Pembroke, Plymouth, Plympton, Raynham, Rochester, Rockland, Sandwich, Scituate, Taunton and Wareham.

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Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

Samantha paying attention to a buyers qualifications is more important than ever. Given how the financing industry has changed it is great when you know the lender as well.

Oct 16, 2008 12:28 AM
Ted Komenda
Dunhill Group - Osterville, MA

I don't even let buyers in my car without a legitimate pre-qual letter from a mortgage broker that I know and trust.  With the price of gas these days I can't afford to risk it.

Ted

Oct 16, 2008 01:03 AM
Samantha Nichols
ERA Belsito and Associates - Plymouth, MA
Massachusetts Real Estate Specialist

I agree with both of you...a pre-approval from a qualified lender is a must, preferably one you have been working with for years, someone you trust.

Oct 16, 2008 01:41 AM
Edward moloney
Edward Moloney Loan Officer GMH Mortgage Services - Holliston, MA
Loan Officer Providing 5 STAR SERVICE

I agree 100%. In todays market you want the mortgage professional to take their time and review all items to ensure the fit makes sense. VA and FHA are having guidlines changes often. As well as the PMI companies as it relates to declining markets and what they will and will not provide pmi on for conventional loans

Oct 18, 2008 02:11 PM