Mortgage Information
Obtain the Best Rates & Lowest Closing Costs
When you are ready to purchase a home, it makes sense to
negotiate from the strongest position possible. In a strong
real estate market, sellers can be more selective in the
final buyer they choose to negotiate with. It's not uncommon for a home seller to
receive multiple offers on their property. With that said;
there are certain things you can do to make certain that
your offer is the one Seller goes with.
The vast majority of Purchaser's today go about the
process entirely wrong, putting themselves at an
overwhelming disadvantage!
Let's look at this from the Sellers perspective for a
moment. If you were the Seller and had multiple offers on
your property, all things being equal, would you accept the
one with Certificate of Financing Approval or the one that
was still conditional on Financing? The answer is obvious.
Why then, do so many buyers wait to start the financing
until after they have found the home?
What I have found is that those buyers are usually very
good, qualified buyers and are not worried about getting
approved. Even though they usually are correct and will
ultimately be Approved, the Seller in most cases has no
guarantees.
Lastly, from a cost savings perspective...
As a prospective purchaser, it makes all the more sense
to start the financing early on so you can get a firm handle
on your interest rate and estimate of points and closing
costs. If you do this before finding a home, you are not
under any time constraints and are less likely to over pay
like a buyer who has found a home and is under strict time
constraints.
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Get Pre-approved today |
