Obtain the Best Mortgage Rates
When you are ready to purchase a home, it makes sense to negotiate from the strongest position possible. In a strong real estate market, sellers can be more selective in the final buyer they choose to negotiate with. Whether it is a "crazed seller's market" or even a buyers market, it's not uncommon for a home seller to take more seriously an offer where the buyer has already been approved and more-so if the seller has received multiple offers on their property. With that said, there are certain things you can do to make certain that your offer is the one Seller goes with.
The vast majority of Purchaser's today go about the process entirely wrong, putting themselves at an overwhelming disadvantage!
Let's look at this from the Seller's perspective for a moment. If you were the Seller, all things being equal, would you accept the one with a Letter of Financing Approval or the one that was simply Conditional on Financing? The answer is obvious. Why then, do so many buyers wait to start the financing until after they have found the home?
What I have found is that those buyers are usually very good, qualified buyers and are not worried about getting approved but get so excited to get started looking for a home they put this off to the last minute - often to their peril even though they usually are correct and will ultimately be Approved, the Seller in most cases has no guarantees.
Lastly, from a cost savings perspective...
As a prospective purchaser, it makes all the more sense to start the financing early on so you can get a firm handle on your interest rate and closing costs. If you do this before finding a home, you are not under any time constraints and are less likely to over pay like a buyer who has found a home and is under strict time constraints.
Should you decide that you wish to take advantage of Pre-Approval, simply complete the form on this page. We will forward your information to one of our preferred mortgage professionals who can assist you in locating the absolute best mortgage terms. Your information will remain confidential and you can be assured that the mortgage professional will not share your personal financial information with me!
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|THE JEFF STERN GROUP|
RE/MAX performance realty
942 St. Mary's Road Winnipeg, MB R2M 3R5
|Phone: 204-946-5333 Fax: 204-489-1800|