When you're 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. If you were the Seller and had multiple offers on your property, all things being equal, would you accept the one with Certificate of Financing Approval or the one that was still Conditional on Financing? Learn about six things you must know before you obtain a mortgage here: Six Buyer Mistakes to Avoid.
In addition to that, 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 an estimate of points and closing costs. If you do this before finding a home, you are not under any time constraints and are less likely to overpay like a buyer who has found a home and is under strict time constraints.
It is also important to be aware of these 13 extra costs before you move forward with buying a home. 13 Extra Costs When Buying a Home
For more than 25 years, our preferred Loan Officer, Eric Rotheberg with Northpointe Bank, has made the American dream of home ownership a reality for thousands of people. Whether you're a first time home buyer or looking to build your forever home, Eric can find the right product to meet your needs.
Click here now to complete an application or contact Eric directly at (404) 542-5995. Put yourself at a competitive advantage vs other buyers in today's strong real estate market. Give yourself peace of mind by having a firm handle on your financing options before you start looking for your home.