Every home buyer is different but there are advantages to seeking out a good loan officer to get the loan process started. You need counsel on what price range you need to be looking in to match the kind of payment you can afford.
There is nothing worse than looking at homes, finding the house of your dreams only to discover the payment is way out of reach with the funds you have available. Don’t put the cart before the horse. Understand your price range before you begin house hunting. It’s always best to do things in a logical order.
There can be obstacles to obtaining an approval and you need to know what they are and have time to address them. It’s crucial to understand some fundamentals like: Is your debt ratio in balance?
Is your credit score acceptable for the kind of loan desired? Sometimes reporting agencies make mistakes and your lender can help you cure available mis-information.
In most parts of the country we are dealing with a seller’s market. There is low inventory and lots of competition for homes. Most sellers won’t respond to an offer if you haven’t been to a lender to obtain a pre-approval. Why? Because they can and there are so many buyers who already acquired a pre-approval letter diminishing the risk in accepting their offer. Sellers and their listing agent take a pre-approved buyer more seriously.
It only makes sense to talk with a professional loan officer and learn if after reviewing your credit score, your debt ratio, your employment status and financial statements you are ready to begin the house-hunting process with confidence!
Knowing the right price range, payment and understanding the process will enable you to focus your search on the properties you can afford, based on the lender’s ability to grant you a loan. You’ll be able to shop with ease and enjoy the home buying process!
I am a recognized professional in NW Austin real estate. I’m a good listener and act, not react to your needs. I have systems in place and references at hand. I will guide you through the process answering any and all questions. Reach out to me at 512-346-1799 or email at dillard@reloaustin.com to see if we are a good match. I offer professional guidance for residential home buyers and sellers.
Don’t forget to visit my website: www.reloaustin.com
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        Dorie Dillard is the most frequently hired REALTOR® in the Canyon Creek Subdivision. “YOUR PERFECT PARTNER”
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