|
GET PREAPPROVED:
You can
save a lot of time by obtaining a nocost, noobligation
preapproval before you start househunting
or looking for property. Another benefit to being a preapproved
buyer is that you are considered a cash buyer in the eyes
of the seller. You will want to be sure to find a lender who offers
a preapproval cash buyer. That's
a great advantage over prequalified
buyers'. At MTM Realty, we will help you to obtain the financing you
need!
Ask
JANE
by clicking on her name!
Some lenders
offer sameday
mortgage approvals while others can give you an approval in 5 to 7 days.
A quick turn around means a quicker settlement which may make you a
more attractive buyer
especially if the seller is in temporary housing. Ask each lender what
options they offer.
LOOK
FOR FLEXIBLE UNDERWRITING GUIDELINES:
Some lenders,
for example, will be willing to count the earnings of a spouse who has
a good work history but has not been employed yet in the new location.
That type of flexibility may give you more buying power or make you
able to purchase the home you want.
SEVERAL
MORTGAGE OPTIONS:
Some lenders
offer a selection of mortgages or even unique mortgage products. Look
for other options that may suit your situation better such as a shortterm
mortgage or an adjustablerate
loan.
RATELOCK
OPTIONS:
Find out
what ratelock
options are available. Ratelock
is between the time when you agree on a mortgage rate and when you actually
go to settlement. The shorter the lock time, the lower the interest
rate you will have to pay!
NEGOTIABLE
LOAN FEES:
Mortgage lending
is a competitive business and some lenders will negotiate fees to get
your business. Ask about all charges such as processing fees, underwriting
fees or commitment fees. This can be a great way to save you money!
TEAMWORK,
TEAMWORK, TEAMWORK!
At MTM Realty,
we will work together with you and your lender. Team up with a lender
who is willing to maximize your buying power, and team up with a real
estate agent who specializes in your area to help you find the house
that's right for you. Everybody wins when it comes to good teamwork!
Call us today for more tips on how to buy more with less money!
|