Should I Begin the Home Buying Process with a Lender or Agent?

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Mortgage and Lending with FHA, VA, Jumbo, Downpayment Assistance, Conv. NMLS #276329

-          take the process seriously and make an educated financial decision – and it’s much easier to make a smart choice when you have the expertise and advice of a good lender in your corner.

 

-          When you engage a lender at the start, you’ll discuss your financial situation and your lender will be able to provide you with an estimate of what you can afford.

 

-          After your lender has offered a pre-qualification or conditionally approved you for a specified dollar amount, you’ll still want to discuss loan types and down payments.

 

-          Lenders have the knowledge and foresight to make suggestions as to when you should lock in your mortgage interest rate.

 

-          home price is often a significant factor guiding the search process, providing your agent a maximum price can be very helpful when narrowing your options.

 

-          Showing the seller that you have already taken the time to gain loan approval means you’re serious about buying his or her home and have the financing to back it up.

#BrandMortgage   #1stTimeHomeowner  #DownpaymentAssistance  # Lisaperry #HomeloansinDMV

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Lisa Perry, Senior Loan Officer

"Your Northern VA Mortgage Specialist"

540-273-2733

NMLS ID #86548 / 276329

Email:  LPerry@fhmtg.com

Apply on line:  LisaPerrryLoans.com

 

 

 

 

 

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Rainmaker
170,342
Faye Y. Taylor
StepStone Realty, LLC - Floresville, TX
Homes for Sale Floresville, La Vernia & San Antoni

It is a good conversation with a buyer to say "have you been preapproved for a loan?  So you know the range that you will be shopping?"  If they say no there is a possiblilty that everyone will be wasting their time.  Buyers sometimes cannot buy for various reasons.  My response to someone who has not talked to a lender is "It is a very good idea to get preapproved for several reasons.  1.  You might only be preapproved for a house at $250k yet we are looking at $300k.  If you fall in love with a home you cannot afford, it is a big disappointment.  IF you are looking at $250k and below you will be picking a home you can buy.  It's only fair to your heart but also to a seller in the $300k price range as they have to get ready for people to look at their house who won't make an offer.  Not only that but if you find a house you want you are READY to make an offer."   Most people nod their heads and understand that logic.  No one in the process wants to waste their time.

Nov 01, 2017 10:23 AM #1
Rainmaker
248,277
Lisa Perry - NMLS # 276329
FHA, VA, Jumbo, Downpayment Assistance, Conv. - Fairfax, VA
Northern VA - VHDA, 100% Loans - Jumbo Loans

Hi Faye,  Thanks for your detailed insight.  Talking with buyers I am really surprised how many tell me, they have already been out looking with a realtor.  When I get their details, some are not even ready.  Total waste of time for that realtor.  

Nov 14, 2017 09:42 AM #2
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Rainmaker
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Lisa Perry - NMLS # 276329

Northern VA - VHDA, 100% Loans - Jumbo Loans
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