Lending can be a nightmare…. or a dream :)
Posted by New Home Resource on May 31, 2011 in
Have your financing ready to go!!
Today’s lending environment has changed. Gone are the days of simply “fogging a mirror” as proof of life to obtain a home loan.
Lending in the past few years has become MUCH more detailed and complex – your lender will require much from you, and they’ll need 45 days to get you to the closing table.
Of course, you may use anyone you wish. We like to recommend our sister company Premier Mortgage Lending; a local lender with over 75 years of combined lending experience. You may find their link to the right on our home page.
ALL offers today require some type of “proof” you can buy the home. This comes in the form of a loan approval letter from a reputable financial institution. With over 20,000 (!!) listed properties on MLS today, it’s certain you’ll soon find one to buy. Without that “evidence”, your offer cannot be seriously considered by the seller, and you’ll lose out to someone else who was prepared. And THIS is why your agent says “Get Prequalified First”!!
To make your homebuying experience a pleasant one, have your financing ready to go!!