Prove to Sellers You're Serious: Be Pre-Qualified!

Reblogger Nick Vandekar, 610-203-4543
Real Estate Agent with Long & Foster Real Estate Inc 610-225-7400 PA License - AB067198

If you are thinking of buying a home now or in the next few months you have to read this blog post written by a mortgage provider. What he says is so true and it will help you to be successful in this hot home market.



Prove to Sellers You're Serious:  Be Pre-Qualified!


Get Pre-Qualified .. Contact Me!Be Pre-Qualified for your Mortgage before you go and view homes!

There, I've said it.  First thing.  Right out of the box.  So it can't be missed.

I place that advice right at the top of this post in bright colors so it's not overlooked.  And because it's such a very important message, especially for buyers hoping to purchase a home in a highly competitive housing market.  

Right now, homes for Sale are receiving lots of attention.  The shortage of homes currently for sale in most housing markets dictates that.  

This means that Buyers must be decisive and ready to act when they find "the home" they want.  They must have already talked to their Mortgage Lender and been Pre-Qualified for their financing PRIOR to the viewing of that home.  

Ever hear the sayings, "Time is of the essence"?  Or "You snooze, you lose"?  Both are truer now than ever before when referring to home buying.  

Sellers want to know, "Is this potential buyer qualified to buy my home"?  They want "proof" of such in hand and a Pre-Qualification Letter presented with any offer made.  (My personal practice is to Pre-Approve my buyers, providing even more "peace of mind" to my borrowers and the sellers involved.)

The Pre-Qualification process is not a sales tactic being enacted by your Agent or Mortgage Lender.  It's reality.
Your real estate professionals are asking that you be Pre-Qualified prior to viewing homes because:

  • It strengthens your offer
  • It will help you better compete in a multiple bid scenario  
  • The majority of Sellers won't even consider your offer if you're not Pre-Qualified for your financing (and able to produce a Pre-Qualification Letter proving it).

Yes, it's that clear cut and it's that simple ...  

In the majority of housing markets across the U.S. today, you need to be Pre-Qualified.  That's definitely been my experience in the housing markets of New Lenox - across Will County - and the Greater Chicagoland area.  

So what should hopeful home buyers do?  
 Contact Me Now!
I refer you back to Paragraph #1.  Be Pre-Qualified!  The sooner the better.

So much of today's mortgage financing ... and receiving of the best financing option available ... relies on borrower's credit scores and credit history.  They affect the interest rate received, the number and choice of mortgage programs ... in short the options they have available to them.  

But borrowers all too often focus solely on interest rates.  I've found that typically it's the first thing they want to know when we talk.

There is no doubt that interest rates are important.  However, with some lead-in time to their home buying and a bit of preparation, many borrowers could reap better results (including better interest rates) when applying for their mortgage. 

Acting proactively regarding your financing and following the advice of your Mortgage Lender can result in monetary savings.  It can also open up more/better mortgage options at the time of purchase and help your financing process go more swiftly and smoothly. 

Most people wouldn't think
 of buying a car, TV, or even clothes or shoes without conducting some comparisons or preparation first.  All too often this is not the case when it comes time to buy and finance a home, yet the possibilities for savings are far greater and the savings themselves are larger and carry more impact.  

It's a fact:  In the over-riding majority of cases, you will be required to have been Pre-Qualified by a Mortgage Lender if you wish to view, put a bid on, or buy a home.  

Enter into your home buying as prepared as possible.  As ready for competition as possible.  Give yourself an edge.

Contact me now to be Pre-Qualified to buy a home in the New Lenox - Will County - Chicagoland area ...  



* Looking to be Pre-Qualified for your Mortgage?  In need of financing and credit answers?  Contact me!  I'll put my 40 years of Mortgage experience and expertise hard to work on your behalf.
I'm easily found at:

Gene Mundt
Mortgage Originator - nmls #216987 - IL Lic. 031.0006220 - WI Licensed
American Portfolio Mortgage Corp.
nmls #175656

Direct: 815.524.2280
Cell/Text: 708.921.6331
eFax: 815.524.2281


 Twitter Account of Gene Mundt, Mortgage Lender   LinkedIn Account of Gene Mundt, Mortgage Lender   Facebook Acct. of Gene Mundt, Mortgage Lender   Pinterest Acct. of Gene Mundt, Mortgage Lender   

   Gene's Chicagoland Blog/Gene Mundt, Mortgage Lender  



Gene Mundt

 Mortgage Originator  -  NMLS #216987    

                                   IL Lic. #0006220  -  WI License                                                                                                     

NMLS #175656


Gene Mundt, Mortgage Originator,  40+ years of #mortgage experience, will offer you exemplary mortgage service and advice when seeking:  #Conventional, #FHA, #VA, #Jumbo, #USDA, and Portfolio Loans in #Chicago and the greater Chicagoland region, including:  The #Lincoln-Way Area, #Will County, (#New Lenox, #Frankfort, #Mokena, #Manhattan, #Joliet, #Shorewood, #Crest Hill, #Plainfield, #Bolingbrook, #Romeoville, #Naperville, #Wilmington, #Peotone, etc.), #DuPage County, the City of Chicago, #Cook County, and elsewhere within IL and Wisconsin. 


Your Referrals & Testimonials are Always Greatly Appreciated! 


Email Me .. to be added to my Mortgage & Real Estate Newsletter


This entry hasn't been re-blogged:

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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is an excellent selection for a reblog and important advice to share.

Jun 22, 2017 01:00 PM #1
Stacie Streets
Fairway Independent Mortgage Company - Colorado Springs, CO
Mortgage Ninja!!

And if I can pre-qualified by a LOCAL lender.  In the Colorado Springs area Listing agents give priority on offers when they are accompanied by a letter from a local lender over those from the "Big Box" or online lenders (you know the ones I am talking about without me throwing out names quicker than a rocket!!)

Jun 22, 2017 01:11 PM #2
Debe Maxwell, CRS | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Nice reblog. It's so important in this fast moving market to be informed and prepared BEFORE you start looking at properties. Knowing what you can afford AND being ready to make an offer helps the buyer be successful in getting what they want.

Jun 22, 2017 02:49 PM #3
Shahar Hillel
Augusta Financial Inc. - Stevenson Ranch, CA
Mortgage Consultant, Loan Officer.

Nick and Trudy hello.
This post is right on point
Thank you for the re-blog.

Jun 22, 2017 11:25 PM #4
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Greatly appreciate you sharing this info with your readers, Nick & Trudy Vandekar, 610-203-4543 ... thank you.  Hoping it proves very motivational and gets hopeful buyers asking questions ...


Jun 23, 2017 01:03 PM #5
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nick, am always amazed when I hear an agent is showing homes without a pre-approval.  This is a must before searching for homes.  

Jun 25, 2017 06:39 AM #6
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi  Nick, 

The title says it all!  Thanks for the reblog I will head over to Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi and leave a comment. 

Jun 26, 2017 06:02 AM #7
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Roy Kelley I find Gene is a very good writer, makes things simple to understand and very clear.

Stacie Streets that being said, I have found the rocket recently to step up when other lenders have failed to be able to do a mortgage, the last thing I expected.

Debe Maxwell, CRS people don't realize what it takes today to get a mortgage even when they have good credit it can be hard.

Shahar Hillel thanks for stopping by.

Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi I tried to tag you when reblogging this but it did not want to cooperate. Glad you found it, love your writing.


Jun 26, 2017 12:59 PM #8
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Joan Cox even when they come with a preapproval it can be so easily derailed today.

Sheri Sperry - MCNE® exactly, in today's market you cannot drag your feet or else you will miss the house.

Jun 26, 2017 01:00 PM #9
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Nick Vandekar, 610-203-4543

Tredyffrin Easttown Realtor, Philly Main Line
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