Best Financing: A 3-Point Plan
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Securing the Best Financing in Murrieta, Temecula Valley, and the Inland Empire: A Buyer’s Guide
In Murrieta, Temecula Valley, and the Inland Empire, when embarking on the journey to buy a home, many homebuyers initially focus on househunting. However, experience highlights that prioritizing the search for the best financing is a crucial step that should precede the home search. In reality, shopping for optimal financing should commence well before exploring potential homes.
Strategic Steps for Best Financing
This report outlines three vital steps to secure the most favorable financing rates when buying a home. Discover where to inquire, the key questions to ask, and how to strategically manage the process for your personal advantage.
Read on to gain insights that will empower you to make informed decisions in the pursuit of your dream home in Murrieta, Temecula Valley, and the Inland Empire.
3-Point Plan
3 Critical Questions to Ask
When you’re looking for an agent to assist you in finding a home, make sure you find out
the answers to these important questions:
- Can you get me quick, easy and FREE mortgage preapproval?
- Can I get preferred access to special low down payments, monthly payments and
interest rates? - Can I get special advance notice of listings that computer-match my homebuying
criteria?
You owe it to yourself to benefit from these cost saving benefits.
1. Get Preapproved for a Mortgage . . .
Getting preapproved for a mortgage will give you a number of important benefits including emotional security in the house-hunting process, and insurance against rising interest rates in the market place. Preapproval is easy, and can give you complete peace-of mind when shopping for your home. Mortgage brokers can obtain written preapproval for you at no cost and no obligation. More than just a verbal approval from your lending institution, a written preapproval is as good as money in the bank. It entails a completed credit application, and a certificate which guarantees you a mortgage to the specified level when you find the home you’re looking for. Preapproval means no last minute shopping around for money and rates. With a preapproved mortgage, if rates go up, you still get the preapproved rate, but if rates go down, you receive the lower rate.
2. Receive Preferred Access to Special Low Financing . . .
Agents that conduct hundreds of real estate transactions every year may be able to offer you certain negotiating advantages with lending institutions. These lenders are often anxious to do business with such agents and their clients, and may be willing to extend better than average rates.
This can make purchasing a home much easier and more affordable for many buyers to qualify for a minimum down payment, and low monthly payments. Therefore many more buyers can own the home of their dreams much sooner than they ever thought possible.
3. Househunting Service…
Most agents offer a house-hunting service to make it easier for you to find the home you want. Through these programs you can find out in advance which homes on the market match your homebuying criteria. To do this you simply provide your agent with a brief description of the type of home you’re looking for, for example, number of bedrooms, price range, neighborhood and so on. Then you should receive advance notice (including pictures) of all the homes for sale that match your requirements. This will give you the competitive edge to find out before other buyers which homes that are likely to be of interest to you. Because you are there before most other buyers, perhaps you can even negotiate a better price. You can then drive by these homes, without the assistance of an agent, to see which ones you want to view. Then it’s simply a matter of you advising your agent about which homes you like and want to see.
To Discuss Your Home Sale or Purchase, Call or Text Today and Start Packing!
