For many, the homebuying journey often starts with getting pre-approved for a mortgage. Once approved, a buyer has a mortgage can enter the real estate market with a budget in hand.
Identifying key signs can help you decide if it’s the right time to secure a mortgage loan.
If you're tired of paying rent, purchasing a property offers a viable alternative. With a mortgage in hand, you can budget out for the purchase of a home and get a better idea of the type of home you can afford.
Having a good credit score is fundamental in regard to applying for a mortgage loan as it demonstrates your credit history. A good credit score improves your chances of being approved and can even open the door to more benefits such as lower interest rates.
If you feel your score may need to be improved before applying for a mortgage, consider taking steps such as cutting down debt or getting added as an authorized user to a credit account.
In a buyer's market, there’s typically an abundance of desirable homes and a shortage of buyers. This means a homebuyer may be able to negotiate with more options to purchase a home they desire for a great deal.
By reviewing this housing market data, you can differentiate a buyer's market from a seller's market and determine whether it’s the ideal time for you to apply for a mortgage. You can do so by searching your local MLS for listing information in the area you wish to purchase a home.
By acknowledging your housing goals, financial standing and doing real estate market research, you can determine if now is the right time for you to apply for a mortgage loan.
Selling or buying a house is exciting, nerve wracking, stressful and fun all rolled into one. We are aware of that and take our job very seriously with a passion to help throughout the entire process. That's why we offer the highest level in real estate expertise and professionalism.
Combine Polly's 20+ years in Real Estate and Dave's 40+ years in marketing and 10 years as Polly's Real estate partner, our clients get the best strategies when it comes time to sell their home. In the past 20 years, we have been trusted by over 1000 families to assist in their Real Estate needs...amounting to over $100 million in sales.
From marketing expertise to professional photography, to Staging assistance, to custom videos; to social media to e-commerce expertise, we have today's tools to get the job done. And if you are looking for that perfect home, we can help through the entire processes.
We'll help with getting you pre-qualified to searching the right property based on your desires and budget. And we'll assist right through the inspection to the closing details every step of the way.
We take special pride in being endorsed by Veterans United! Don't hesitate to contact us and allow us to help guide you through your real estate needs. Professional, ethical and dedicated is what our promise is to you!
