The high list prices of real estate has caused many buyers to be weary of purchasing a new home. Homebuyers can be hesitant to present their highest and best offers right away or enter into stressful bidding wars which is understandably so. There is plenty of hope on the horizon thanks to record low mortgage rates.
With mortgage rates at record lows, scenario after scenario shows that despite high purchase prices, homeowners will save thousands of dollars over the course of a 30-year loan by locking in a low rate. So why wait to purchase your next home or real estate investment property?
A very important step in the home-buying process is to get pre-qualified for a mortgage. This will give us an idea of the price range you can afford. Getting pre-qualified is an expression of your seriousness in purchasing a home, which may be a deciding factor in a situation of competing offers from other not-yet qualified buyers on your what could be your dream home. Especially in hot real estate markets.
In order to be pre-qualified for a home loan, you must provide a lender with some basic information on your income, assets, and debt. Once pre-qualified for a mortgage by a licensed lender, we can match you with one of our available homes or connect with you a licensed agent who can assist in finding the best deal on a home that is right for you.