Before starting your home search, you should start with a the pre-approval process with a local direct mortgage lender. The reason for that is, when you call a Real Estate Agent, the first item they will ask is how will you be purchasing a home, with cash or financing? If you are financing the home, then their next step will turn you to a local lender so we can reviews your income, credit and assets documentation.
That is where I come in and should be the very first step verses looking at homes that you may not be able to budget for. Where I come in is, I will review you income, credit and assets and discuss what your needs are out of home, like price point, type of property; single family home, units or condo, each will a small variation of financing.
This is where you need to start first to ensure you have the ability to purchase a home or need to take necessary steps to put you in the position to purchase. If you have some credit challenges we are able to address them right up front and work on the items in the report.
The funds to close escrow, like the down payment and closing cost. We can discuss what the amount you will need to have to close escrow and where those funds can come from, you will be surprised on where we can obtain money to purchase a home, we will explore all avenues so that you have a strong pre-approval letter on hand.
When investing time, money and energy in looking at Homes for Sale in Rancho Cucamonga, do not at it blind and half complete. Get your financing in place before you make a call to a Realtor, because if you need financing to purchase a home, many realtors will not show you property until they know you can afford one to purchase.
Taking the property steps before making an offering home, will let the agent know you are serious buyer and I have many local Realtors I work with that I can refer you to. I ensure we address all your concerns before we issue a pre-approval letter, because I want that pre-approval letter to be as good as gold when you are looking to make an offer on a home.
I welcome the opportunity to work with you and discuss your steps towards homeownership. Purchasing a home is not like purchasing a car, we have to take a few more steps and a little more paperwork. Work a properly licensed mortgage professional such as myself, because I want to address your needs and concerns when purchasing one of or if not the biggest investment you will have.
Homes for Sale in Rancho Cucamonga, CA – Start With a Pre-Approval Letter!
by Nathan Rufty