We continue to help answer the question “Is now a good time to buy?” with point #3: You may be able to take advantage of historically-low interest rates.
Homebuyers continue to be enticed by some of the lowest mortgage interest rates on record. Lower rates and lower monthly payments can make owning a home a reality for many borrowers, but it’s important to find out what rates are available to you. Contact me today to learn more about beginning the loan process in today’s low-rate environment.
SWBC Mortgage continues to provide resources and posts to guide your homebuying journey. Preapproval is #2 in our series that answers the question “Is now a good time to buy?”
Getting preapproved is great way to get a picture of your current financial status with no requirement to purchase a home or use a particular loan program. A preapproval helps all homeowners get better prepared for their house search. I can help you begin the preapproval process, so contact me today!
With interest rates at historic lows, combined with a high level of motivated sellers, and the pent-up demand of home buyers, this may be an ideal time to consider purchasing a new home. Follow along in our series of five posts as we help you answer the question “Is now a good time to buy?
#1: Determine which government-backed loan programs are still available. Because of the rapid changes in the market, some programs are on hold, and others may still be available. Many states and counties also offer loans with down payment assistance and homebuyer education. Contact me today to find out more about loan programs currently available to you.
Are you having some difficulties coping with COVID? Here are four easy steps to take to make your daily routine more manageable. #makethemost
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4 Tips for Acclimating to Your New Normal
Sheltering at home has been a challenge for virtually every American. Learn some valuable tips to help improve your household's budget today and for the future.
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6 Ways to Cut Expenses and Tighten Your Budget
Thinking about selling your home this year? Learn about a few budget-friendly ways to spruce up your home before you put it on the market in our latest blog!
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Selling Your Home for Top Dollar
If you’re ready to begin the homebuying journey, it’s good to know what to expect during the process. In the coming days, we’ll share the seven most important steps so you can be better prepared to purchase your home.
The first step to getting a home loan is getting preapproved. It is important to understanding how much home you can comfortably afford, and our SWBC Mortgage loan team will review your financial situation to help strengthen your buying power.
Here is our final answer to the question, “Is now a good time to buy?" #5: Depending on your situation, a government-backed mortgage may be the ideal loan for you to get into a new home. These options may include VA, FHA, and Affordable Housing Programs, as well as conventional loans with lower down payments. Call me today to learn more!
Is now a good time to buy? Point #4: Market conditions are surprisingly good for sellers in many areas of the country. So, if you are looking to sell your current home and move elsewhere, the timing might be beneficial depending on where you live. Call me to learn more about market conditions in your area!
Homebuying Step 4 of 7: After your home is under contract, we will order an appraisal, then your application will be managed be a loan processor. They will help you determine what supporting documentation will be needed to help you qualify for your new home loan.
Homebuying Step 3 of 7: Next, you can apply online in minutes using our TurnKey® application, a simple and secure process that will guide you through this process. Once you begin your application, TurnKey will securely save your information, and you can then complete the process at any time.
Homebuying Step 2 of 7: Once preapproved, you will work with your real estate agent to find your dream home, negotiate and execute a purchase agreement.
Homebuying Step 7 of 7: After you have reviewed the final numbers in your Closing Disclosure, you execute and sign all of your loan documents. Congratulations, homeowner! This is the last step to finding the happiest way to your new home!
Staying-in-place has caused a unique – and unforeseen – situation for most people across the country, especially those of you on the homebuying journey. Depending on your situation, now may actually be a good time to prepare for purchasing a home and the best way to begin is by getting preapproved. Follow our next few posts as we explain the reasons for getting preapproved now.
Reason #1/3: The market is changing rapidly and it’s impossible to know which direction the housing market will go. If you’ve been in the market to buy, and don’t see that changing any time soon, then it’s essential to find out how much you can afford by getting preapproved. You may be able to take advantage of historically low interest rates. Call us today to get started.
Homebuying Step 6 of 7: Before we can close on your home loan, we ensure all underwriting conditions have been met, then finalize all loan requirements. By this time, you will know the exact amount of funds you’ll need to provide. We will also inform you of the date and time for your closing, usually scheduled with the title company.
Homebuying Step 5 of 7: During this stage, our underwriter will review all of your documents, including the appraisal report, then provide an approval decision. The underwriter will also indicate any additional conditions that may be necessary for you to get loan approval.
It’s tough to predict what will happen in the housing market. If you’re wondering if now is a good time to buy a home, or to prepare for when you’re ready to shop, learn about why you should consider getting preapproved.
Reason #2/3: Getting preapproved is a great way to get a picture of your current financial status with no requirement to purchase a home or use a particular loan program. Give us a call today to see how getting preapproved can get you prepared.
Just a friendly #DayLightSavings reminder:
Wishing you a very scary #Halloween!
If you’ve been following our series on preapprovals, you now know the importance of understanding your financial situation when looking to purchase a home.
Reason #3/3: If you’re still searching for a new home, staying-in-place doesn’t mean you have to pause your process. Getting preapproved means you’ll be in the best position to make an intelligent buying decision and extend an offer to the seller more quickly. Call us today to get started.
If you know a veteran, make sure you take time today to thank them for their service. Happy #VeteransDay!
We’re thankful for all of you! Happy #Thanksgiving!
Best wishes from the SWBC family this holiday season! How does your family celebrate the holidays?
Happy #NewYear! What are some of your goals for 2021?
Join us to celebrate the life and legacy of a man who brought hope and healing to America - Martin Luther King Jr. #MLK
Happy #GroundhogDay!
