Best Financing: A 3-Point Plan

John Post
Monday, August 28, 2023
Buyer Beware *

When you’re looking to buy a home, the first thing most homebuyers do is
start the process of househunting. However, experience proves that this is
one of the last steps you should be taking if you want to get the most home
for the least amount of money. In fact, shopping for the best financing
should start long before you start shopping for a home.


When you’re looking for an agent to assist you in finding a home, make sure
you find out the answers to these important questions:
1. Can you get me quick, easy and FREE mortgage preapproval?
2. Can I get preferred access to special low down payments, monthly
payments and interest rates?
3. Can I get special advance notice of listings that computer-match my
homebuying criteria?

You owe it to yourself to benefit from these cost saving benefits.

*1. Get Preapproved for a Mortgage . . . *

Getting preapproved for a mortgage will give you a number of important
benefits including emotional security in the house-hunting process, and
insurance against rising interest rates in the market place. Preapproval is
easy, and can give you complete peace-ofmind when shopping for your home.
Mortgage brokers can obtain written preapproval for you at no cost and no
obligation. More than just a verbal approval from your lending institution,
a written preapproval is as good as money in the bank. It entails a
completed credit application, and a certificate which guarantees you a
mortgage to the specified level when you find the home you’re looking for.
Preapproval means no last minute shopping around for money and rates. With
a preapproved mortgage, if rates go up, you still get the preapproved rate,
but if rates go down, you receive the lower rate.

*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 for many buyers to
Best Financing A 3-Point Plan $ $Not intended to solicit property currently
listed for sale. Copyright © Craig Proctor Productions 2017 qualify for a
minimum down payment, and low monthly payments. Therefore many more buyers
can own the home of their dreams much sooner than they ever thought
possible.

*3. Househunting Service… *

Most agents offer a house-hunting service to make it easier for you to find
the home you want. Through these programs you can find out in advance which
homes on the market match your homebuying criteria. To do this you simply
provide your agent with a brief description of the type of home you’re
looking for, for example, number of bedrooms, price range, neighborhood and
so on. Then you should receive advance notice (including pictures) of all
the homes for sale that match your requirements. This will give you the
competitive edge to find out before other buyers which homes that are
likely to be of interest to you. Because you are there before most other
buyers, perhaps you can even negotiate a better price. 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.

We would like to hear from you! If you have any questions, please do not hesitate to contact us. We are always looking forward to hearing from you! We will do our best to reply to you within 24 hours !

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