Many clients and customers call me and are eager to go look at a home and I immediately ask them if they have done their homework. Their response is generally “isn’t looking online and shopping for a home the homework?” My standard answer is no, not exactly.
If you are considering buying a home the first step, and in my opinion the most important step, for any buyer in today’s market should be to call me for a lender referral. A buyer needs to visit with a lender before they even start dreaming of their new home. In today’s lending world there have been so many changes and tightening of the purse strings that even those buyers with good jobs and good credit are getting major surprises when trying to get pre-qualified or pre-approved for home financing. It is an easy process to fill out an application and provide the lender with details on your income, assets and debts. The lender will check your credit score and run the application through an underwriting software system to determine your buying power, what types of loan products are available for you and how much you will need to put down plus an estimate of closing costs.
The last thing I want to happen to my buyers is for them to find the perfect dream home only to find out there is some obstacle that they need to overcome to get financing. So start your homework early and call me for a lender referral so the buying process will go smoothly.