Canton MA Events and Real Estate

head_left_image

Step One in Buying a Home

Step One in Buying a Home is talking to a mortgage professional and obtaining a solid mortgage preapproval.  Without knowing how much you can afford, the school district, number of bedrooms and the rest of the items on the wish list are irrelevant.  First and foremost, no one should be buying a home that he or she cannot afford or for which they cannot obtain a mortgage commitment. Secondly, no Seller will entertain an offer from any buyer who does not have a solid mortgage preapproval.

And, I'm not talking about a generic mortgage preapproval from any lender.  Some lending institutions will issue a preapproval that is not worth much more than the paper it is printed on.  If in the end, if the borrower is not going to be approved for the mortgage, then the preapproval is worthless.  A good mortgage professional will take the time to talk with you about your assets, liabilities, credit score, work history.  He or she should be able to determine whether or not the borrower will be able to obtain the final mortgage approval. 

How do Buyers know where to look for a mortgage preapproval?  That is one area where your REALTOR can help!  An experienced buyer agent has worked with a variety of mortgage professionals and should be able to recommend a number of people for the borrower to contact.  They have had both good and bad experiences with a number of lending institutions; put that experience to good use and ask for recommendations.  Do you already have a preapproval?  Ask your REALTOR to take a look at it to determine if there are any problems with it.

When talking to my home buyers in Canton MA (and other surrounding communities), I like to recommend at least three different mortgage professionals.  Each borrower has his or her own set of circumstances  so it is helpful to look into a number of different options to determine who has the program that will meet their wants and needs.  Like hiring any other professional, interview them and ask a lot of questions.

Once you have that mortgage preapproval in hand, you can cross Step One off your home buyer to do list and move on to looking for that house for sale in Canton MA!

 

 
100% Loyal to Buyers 100% of the Time
781-799-8313
CSmith@BuyersBrokersOnly.com

 

 

 Google Plus   Facebook    Twitter     LinkedIn         house

 

2012 Angies List super service awardbuyers brokers only on angle's listangie's list 2014 super service award

 

 Read Our Reviews on Angie's List                           Read Our Reviews On Yelp

 

 

 business cardNAEBA 

Fair Housing Law

 

  

 

We do business in accordance with the Federal and Massachusetts Fair Housing Laws. 

 

 

 

 

 

The content provided on this blog is presented or compiled for your convenience and is provided for informational purposes only. The information provided on this website should not be construed as offering legal, financial or other advice to be relied on by the reader to make or refrain from making any decision or to take any action. 

 

Christine Smith is an Attorney and Exclusive Buyer Agent with over 25 years of experience in the real estate field. 

 

(c) Copyright 2010-2015 Christine M. Smith, Attorney and Buyer Agent. All rights reserved.

Comment balloon 3 commentsChristine Smith • October 11 2010 10:45PM

Comments

Christine,

Love the company name and information as well.

Posted by P.J. Virgilio Jr., Realtor 408-568-6578 Selling homes in the Greater San Jose area and South through San Martin, Gilroy, San Juan Bautista and Hollister as well! (Keller Williams Realty Silicon Valley) about 9 years ago

I will typically just refer one loan officer after hearing what might be the best fit for the buyer but its interesting seeing what others do.

Posted by Chuck Carstensen, Minnesota Real Estate Expert (RE/MAX Results) about 9 years ago

Thanks Chuck.  I understand what you are saying.  I like to give my clients the information and let them make the decision about what might be the best fit. 

Posted by Christine Smith, Exclusive Buyer Agent & Attorney, Canton, MA (Buyers Brokers Only LLC - www.BuyersBrokersOnly.com) about 9 years ago

This blog does not allow anonymous comments