You might be wondering, how exactly do you SAVE money by speaking with a lender? Don’t they take your money to begin with due to a little thing called L-O-A-N?
I hear you, but really you can and it can happen a number of different ways, whether it be before you buy a home, when you are buying your home, you already have your home, or are looking to sell/invest in a future home!
Getting Ready to Buy a Home
One thing I hear over and over again from people I speak with is that they first want to pay off a lot, if not most of their debt before purchasing a home. While that is commendable, it is not necessary. By speaking with a lender before paying of all accounts allows you to get professional input on what debt to pay down to for you to qualify for the purchase power you are looking for. In doing so, you are able to allocate more money towards the house, since you didn’t use it all paying off the debt, and secure a better interest rate as interest rates could go up at any moment.
Purchasing A Home
In the event that you are actively looking at the moment, hopefully you have already spoken to a lender. Before becoming a REALTOR, I know I wanted to preview homes prior to becoming prequalified. I am lucky my REALTOR at the time guided me towards speaking with a lender as it allowed us to establish what we wanted as a monthly payment, prior to falling in love with a home that was out of our budget. I highly encourage you to shop around for a loan as not all lenders are created equal. It is about finding the team and loan that works best for you to ensure you get more bang for your buck!
Refinancing your home always seems like a good idea, especially when we hear our neighbors talk about their experiences 5 years ago, or whenever we see rates have gone down. By keeping in touch with your lender after purchasing your home, you will know when the best time to refinance is based off your situation, which can save you both time and money!
Selling Your Home
When the market is good, selling your home can certainly cross your mind. Speaking with a realtor and lender allows you to review hypothetical situations to get you top dollar ensuring you get the best deal with the next home you purchase. Even if buying a home after the sale of your home is not the plan, don’t leave money on the table by poor planning!
Investing in Real Estate
Your current home can leverage your way into building/adding to your nest egg by investing in real estate. Not sure if your current home has the potential? Your realtor and lender got your back and can provide you with the information you need to make an informed decision on the best property for your situation. Hello cash flow!
If you are on the fence, don’t hesitate and call me today! I work with AWESOME people who I have personally used for my needs as well, who can and will definitely take care of you as well. Let’s make your real estate dreams come true!
Author:Michelle Mojica Phone: 602-687-0617 Dated: July 29th 2019 Views: 560 About Michelle: ...
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Mojica & Associates Real Estate has over 55 years of combined real estate experience here in the Valley. Concentrating on evolving trends in a rapidly growing market, we specialize in finding the perfect opportunity for first time buyers, families looking to upgrade their home, 2nd home buyers and investors. Whether you are looking for the perfect place to hang your hat or finding qualified buyers to purchase your current property at top market prices, we can get it done for you.
Mojica & Associates Real Estate professes that the only way to best serve our clients’ needs is to continually educate ourselves and our agents on the most current and future market trends. Whether it is cutting edge technology to showcase or find the perfect home, making sure our staff is the most knowledgeable in the Valley on contracts, curre nt laws governing real estate sales, short sales, or simply updating our listings throughout the day, we deliver.
Available to you, our most important client, is a vast network of business professionals dedicated to every facet of the buying or selling experience. We specialize in “targeted” marketing that provides optimal exposure through every forum available in today’s competitive market.
Are You Renting? You Should Read This.Hey Renters, I am going to give
"I would give Michelle 100 stars if I could. She goes above and beyond for her clients. I have gone through two purchases and one sell with her and she made the processes for each as smooth as possible. Working all hours of the day/night to ensure a successful outcome. Six years ago I was buying my first home and she took my hand carefully walking me through the home buying process. I couldn't be more grateful for her patience. She always has my best interests in mind. She is honest, hard working and passionate about real estate. I highly recommend Michelle Mojica & Associates Real Estate!"