Tips on Financing

• The real estate market is strong and fast paced. The buyer that comes in strong always has the advantage over another buyer.

• Like a Boy Scout, be prepared! Go to your banker or loan representative BEFORE you start looking so that you know what you can afford, and how much a loan is going to cost    you. Know how long it will take them to process your loan.  Make sure your bank or loan officer knows what they are doing and that you can trust them. Get a pre-approval letter that includes a verification of funds from your lender.

• It is even better if you have a loan in place so that the only step you will need to take is to find the property. If you do, get that commitment in writing from your lender. With the multiple offer climate we are in currently, many buyers are waiving their loan contingency!!! That can be risky business, and while I don’t advocate doing that, you will need to know exactly what your limits are so that you can present yourself as strongly as you possible.

• If you need references for loans, I work with a number of loan providers, and would be happy to direct you to the ones that will best suit your needs.