In response to a potential buyer wondering if the there is required financial counseling needed prior to meeting with a Realtor/Lender to become pre-qualified to purchase a home.
my take on in it Tina, buying a home does not have to be a protracting,
laborious and difficult endeavor. It all starts with a “starting point”—translation—A
person needs to know where they stand—They must lay out all the particular of their
credit and income/employment situation so as to either 1) obtain a pre-approval to purchase a home up to a certain
dollar amount OR 2) Determine what will need to be done in order to obtain that pre-approval---AND therefore make a plan of action with exact time lines as to how
to get to where they need to be.----Many people would initiate this process
with THEIR REALTOR who will assist them in meeting with a lender.
Now having said that---People have ALL
KINDS OF ASSUMPTIONS as to what they need in order to obtain a pre-approval to
purchase a home. Why in the world assume
or speculate or make decisions based on hear say, half information, ext……. ? So what happens is this—a person
may think they need several thousands of dollars saved to buy a home, or must be at
the same job for 2 or more years, or cannot have ANY delinquency on their credit report or
have to have a relatively high credit score, or that some kind of credit
counseling is needed regardless of what their credit looks like…and on and on
and on……I say to those folks, STOP and just find out already.
Reality is much different than those
perceptions that often float around in folks heads as stated above. Now as to
whom you initially meet with---as I stated prior, most people meet with a
Realtor who can assist them with a lender referrals. If a person already has a
lender of choice- that is great as well.-------From their you meet with the Realtor
and the lender to obtain your pre-approval and within 30 minutes or so you will either have it in hand or know exactly what and how much time will be needed to
obtain it---it’s that easy . So unless you personally feel as if you need some
kind of financial counseling—having an initial meeting with your Realtor/lender is a practical way of getting started.
Now in my case, I just happen to have over
25 years experience in combined mortgage finance/Real Estate so the folks that I assist
normally start by meeting with myself and a lender here at my office to assist with your pre-qualification. As your Realtor I will assist in providing a clear road map as to how to get to where you want to be as quickly as possible. Therefore if you’re ready to
get started, by all means let’s get started---just give me a call and so that
we can schedule at time to meet and vet out everything. Call me directly, John Salerno, at
Author:John Salerno Phone: 302-326-1815 Dated: May 15th 2014 Views: 749 About John: ...
I am currently in my 6th year as a self-employed business person.
"" I have recommended them to everyone i know that is considering buying a home and will continue to do so. If I ever decide to purchase another home, I will use them again. I can't say enough about them... ""