Tips to Obtain the Best Financing When Buying a Home
If you want to get the most home for the least amount of money, read our new report called 3 realtor tips to obtain the best financing when buying a home.
You should always start looking for the best financing before you start shopping for a home.
When you’re looking to buy a home, the first thing most homebuyers do is start the process of house hunting.
However, experience proves that this is one of the last steps you take.
Here are 3 realtor tips to obtain the best financing rates.
1. Get Pre-approved for a Mortgage
Getting preapproved for a mortgage will give you important benefits, including:
● Emotional security in the house-hunting process
● Insurance against rising interest rates in the marketplace.
Mortgage brokers can write a mortgage pre-approval for you at no cost and no obligation. It’s more than just verbal approval from your lending institution. A written pre-approval is as good as money in the bank.
It is a certificate guaranteeing a mortgage for a specific amount when you find the home you’re looking for.
If rates go up with a pre-approved mortgage, you still get the pre-approved rate, but you receive the lower rate if rates go down.
2. Receive Preferred Access to Special Low Financing
Agents that conduct hundreds of real estate transactions every year may be able to offer you certain negotiating advantages with lending institutions.
These lenders are often anxious to do business with such agents and their clients and may be willing to extend better than average rates.
This can make purchasing a home much easier and more affordable to qualify for a minimum down payment with low monthly payments.
3. House Hunting Service
Some agents offer a house-hunting service to make it easier to find the home you want. These programs can determine which homes on the market match your home buying criteria in advance.
This will give you the competitive edge in finding a house before other buyers can find it and buy it before you.
You can then drive by these homes, without the assistance of an agent, to see which ones you want to view. Then it’s simply a matter of you advising your agent about which homes you like and want to see.
Begin Your Home Buying Journey Here
Your Home Sold Guaranteed Realty- The Phil Aitken Home Team wants to help you save money and help get you the best financing for your new home.
We have expert real estate agents ready to talk now. Call us at (904) 544-5252, or fill out the form below for more information.