Its the Lending Process Part 3 of 4 - Traditional Financing
I get the same question virtually every time I have an initial conversation with a first time home buyer, why do I need my financing in place before starting to view homes? Simple way to answer this, are you going to go to the grocery store, fill up your cart with food and supplies, only to get to the checkout line and not have the money to pay for it?
The logical answer to that is "No". So why would you approach home buying the same way? With all the variable prices of homes, different locations and different ways to get financing, its always the best policy to get approved first. You'll know what type of loan your getting (FHA, VA, Conventional or Jumbo). You'll understand what you can expect payment wise (Most lenders, at least those I work with, will provide a PITI payment). Knowing what you'll need for your down payment and closing costs.
The way we roll, is making sure you have all your questions answered up front, are 100% Fully approved prior to getting out their and having me open doors. This ensures our home buying process is fun and stress free. To learn about the lending process, click here. To learn more about the buying process, click here.
The Real Estate Guy™
"Equal Housing Opportunity"
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