Have You Talked to a Lender?
Often when a buyer beings the home buying process, they see a home that they think they would like, and visit the property before they have spoken to a lenderr about financing. While often times this isn't realy a problem, there are some good reasons to talk to a lender about the amount you can qualify for, and the types of loans that are available, prior to visiting homes.
- Knowing what amount you qualify for will hlep zero in on the best properties available that fall into your price range.
- Understanding the loan products that are available will help you assess the amount of down payment, closing costs, and monthly payments that you will have when you finance a home.
- Having a prequalification letter in place at the time you make an offer on a home may give you a competitive advantage. If the seller knows that you are likely to be able to successfully close on your loan, your offer could be viewed more favorably.
Here are a few local lenders that can help you get started on the loan process. It is always a great idea to speak to a couple of lenders to get a sense for the products they have available, their fees, and the timeframe that they can close a loan.Aras Butas
- Movement Mortage - (970) 286-0123Kathryn Pedersen
- Fidelity Mortgage - (970) 761-2245Lynn Reiff
- Wells Fargo Mortgage - (970) 879-8586
You may also want to check with the mortgage department at your local bank.Dave MoloneyColdwell Banker Distinctive Properties