Buyers Wanted: Pre-Approval With A Strong Loan Officer Required
In today’s market, finding a home you want to buy is only half the battle. Winning that home against other aggressive home buyers is often the bigger challenge. So what is today's home buyer to do?
We are obviously biased, but we believe connecting with a Realtor who has the experience required to guide you through the buying process is goal number one. Real estate agents who are new and/or don't know the purchase contract inside and out will put you at a negotiating disadvantage.
Once you are working with an experienced agent, your next goal should be connecting with an experienced lender that has an excellent reputation in the local real estate community. Any lender can loan you money, but the best loan officers will give you an added advantage when competing against other offers. A good Realtor can connect you with the loan officers in your area that have the best reputations for getting the job done.
This is important because good loan officers will vet their clients up front and help them overcome any obvious obstacles to loan approval before they make an offer to buy a home. Real estate agents often know which loan officers are best at helping their buyer clients get to the closing table and which ones rush the process leaving possible surprises to derail the buying process.
This vetting process is know as "getting pre-approved". Getting pre-approved with a strong loan officer may be the game-changer that helps you secure your dream home.
Mortgage pre-approval means a lender has reviewed your finances and, based on factors like your income, debt, and credit history, determined how much you’re qualified to borrow.
Being pre-approved for a mortgage can:
give you clarity while planning your homebuying budget
give you confidence in your ability to secure a loan
give you a competitive edge in a bidding war as it give sellers confidence that you can actually buy their home
The 812 Living Group has worked with several locally based loan officers over the years. If you would like to see if you can get pre-approved for a mortgage email us at email@example.com and we can discuss your options.
If you prefer to do some investigating on your own first, you can reach out directly to one of our MVPs, Brad Sea with Kentuckiana Mortgage Group. He has a site where you can create an account and apply for pre-approval online at: https://www.kyinmortgage.com/brad-sea
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