Home Buyers: Can Your Realtor Help You Get Pre-approved for the Right Loan?

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Real Estate Agent with RE/MAX Alliance in St.Louis' Illinois suburbs 475.122155

Home Buyers: Can Your Realtor Help You Get Pre-approved for the Right Loan?

Thanks to my blogs, websites and some very selective advertising, my phone rings with calls, beeps with text messages or dings to lets me know when an email query from a new buyer has come through. On a good day, it can be a real symphony of sounds squawking forth from the Blackberry.

Ring! Beep! Ding! I love days like that.

Today was one of those days and one new buyer -- I'll call him Mike -- emerged at the head of the pack because he's already done what I asked him to do -- talk to one of my preferred lenders about a mortgage loan.

After a new customer and I first make contact and chat for a while about their real estate goals like Mike and I did today, I ask if they have seen a lender to find out what kind of loan would be best for them.

Very often the answer is, no, they haven't talked to a lender yet. Mike admitted that he -- in his own words -- was "clueless" about how to go about getting himself and his wife and kids a place to call their own.

I  gave him the name of a lender who I trust to do a great job making a decision about the best loan for his situation.

Before the day was over, the lender called to let me know that Mike had talked to him and they are meeting tomorrow to go over the process.

So, in a sense -- yes -- as your Realtor, I can help you get pre-qualified and pre-approved for that mortgage loan you need to become a homeowner. I do it by making sure you talk to a good lender who I trust to give you the best possible advice.

"My" lenders (I get proprietary about people who do a great job for my clients) know about:

  • Grant programs in Madison County and St. Clair County, Illinois (the two counties in which I do most of my work) to get money for closing costs and other pre-paid items for my buyers who meet certain income levels
  • VA loans for military veterans
  • FHA loans with small downpayment criteria
  • USDA Rural Development loans for buyers who are considering homes outside of the cities
  • 203K Loans for both the purchase and rehab of a home
  • Credit repair -- for free -- for buyers who are on the edge of qualifiying for a loan
  • They even have conventional loans with 3 percent downpayments as I write this post

Folks, a good lender will have a smorgasbord of choices and will match your needs and circumstances to their offerings.

Conversely, if a buyer has too many credit problems to allow them to become a homeowner right now, these good lenders will tell them to wait a while and just rent for the time being while they work on bringing their debt to income ratio into balance.

If you're in the market for a home in St. Louis' Illinois suburbs including the towns of Edwardsville, Glen Carbon, Maryville, Troy, Collinsville, Granite City, Bethalto, Wood River and throughout Madison, St. Clair and Macoupin counties, and you need to take the first step -- getting a good loan -- call or text me at 618-791-8007 or email Nancy@GoshenRealtyGroup.com to talk about it.

Together your lender, your Realtor (that's me) and the most important person in this process -- you -- will make a great team to get your loan done, get your next home selected and get you to a smooth closing.

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Enjoy life in the (618) area code in Southwestern Illinois, St. Louis' Illinois suburbs. SEARCH FOR HOMES HERE.

 

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I help good people buy and sell good homes in St. Louis' Illinois suburbs, with special emphasis on the Metro East communities of Edwardsville, Glen Carbon, Maryville, Collinsville, Troy and surrounding areas in Madison County, Illinois.

Are you a teacher, firefighter, law enforcement officer, medical professional or active duty or retired military? Then ask me about Homes for Heroes, offering substantial savings on home purchases. Learn more at Homes For Heroes.

For more information or to search for homes, visit my sites at NancyMilton.com618Life.com, or GoshenRealtyGroup.com or send an email to me at Nancy@GoshenRealtyGroup.com. Text or call Nancy Milton Holtzscher, your Edwardsville Realtor, at 618-791-8007 any time.

REMAX Preferred Partners is located at One 157 Center, Edwardsville, IL 62025, 618-791-8007 (direct) 618-655-1188 (office). We're easy to find on IL-157 in Edwardsville between Pasta House Co. and Shenanigans. Each office is independently owned and operated.

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Rainmaker
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Cara Marcelle Mancuso
Long Realty - Dove Mountain, Marana AZ - Tucson, AZ
Call a Marana neighbor, I'm THERE! LONG REALTY

Partnering with a fantasic loan/mortage professional can make all the difference.  Great idea to post about it!

May 05, 2011 02:47 PM #1
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Rainmaker
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Nancy Milton Holtzscher

Edwardsville/Glen Carbon, Illinois Broker, REALTOR
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