Why Speak With A Lender Before Touring Homes?Destin Fl Real Estate
Is 2024 the year you take the plunge and invest in Destin Florida? Have you bought homes in the past without speaking with a lender first? Why the heck does this Destin Florida real estate agent want me to talk with a lender first??? Let's take a closer look.
Why Speaking To a Local Lender First Makes Sense
1) Showing Opportunities can be limited in peak season-- During the summer rush Destin Florida investment homes are usually open for a limited window on "turnover day". As such, sellers generally want to see proof of funds or a loan pre-qual letter upfront.
2) Lending programs and guidelines change--Don't assume that loan program you used in 2014 is still offered. Also, second homes or investment properties can have different guidelines than primary ones.
3) The Earlier you start the lending process the more you can shop rates- Want to get the best rate and loan terms? Time is your friend. Buyers who wait until they have a signed contract are often racing the clock. Why settle for something that will cost you money each and every month?
4) Getting Loan Pre-approval can save time on escrow-- This can help you win in a competing offer environment. I have had lenders write letters to the seller (with buyer approval of course) informing the seller about how far in the approval process the buyer is.
5) Your offer will be taken more serious--If only I had a nickel for every buyer (or buyer's agent) who bragged that getting loan "will be ez" then never hearing from them again. Starting early gives the lender time to help fix potential financing issues BEFORE you start spending money on inspections, title, or other escrow fees.
Looking for a Destin Florida real estate agent who will tell it like it is? Call Doug Rogers (318) 613-1994 today to schedule your free Emerald Coast Buyer consultation. Want to take a peak at local homes for sale? Go to Destin Florida Real Estate to explore properties listed on the local MLS.
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