The Real Estate Browser Volume 9, Issue 10 | Page 14

14 — Say you saw it in The Real Estate Browser of Lynchburg — Volume 9 Number 9
www.LynchburgRealEstateBrowser.com
What You Must Do If You Plan to Buy a Home Soon
By Sherry Brady, Branch Manager, Summit Mortgage Corporation
What is the first, and arguably
most important, thing you need to
do once you’ve decided you want to buy a home?
Even if you don’t think you’re seriously looking
yet, it’s so important that you meet with a lender
to find out what your options are and get preap-
proved. It is a seller’s market right now. There
are more people looking for a home than there
are good quality homes available. You need to be
ready to move forward quickly when you find the
home that’s just right for you.
is going to ask for the letter saying you’re pre-
approved for a mortgage loan - if they haven’t
already asked. Inventory is very tight right now,
and good homes are selling the same day they hit
the market in many cases. You need to be ready!
Having a pre-approval letter to accompany
your offer tells both your Realtor and the seller
of the home you want to buy that you are serious
and capable: not only do you want to buy their
home, but you have the financial ability to do so.
Getting preapproved is a quick and painless
process and can be done in minutes! When
you meet with us, we’ll discuss all the loan types
available and determine which ones you qualify
for based on your credit and income. We’ll fig-
ure out how much home you can buy, what your
monthly payment will be, whether you’ll have to
make a down payment, what the closing costs are.
Once we finish our first conversation, you’ll know
the answers to these questions and will be able
to shop for your home with confidence, and less
stress! And by getting pre-approved, we can begin your
It’s highly recommended that you get preap-
proved before you even go inside the first house,
because once you open that door and start look-
ing at homes, you never know at what point your
dream home is going to find you. You could look
for months, or it could be the very first house you
walk into that turns out to be “the one”. Once
that happens, you’re going to want to put an offer
in on the home as soon as possible so that you
don’t risk losing it. That’s when you Realtor tional, VA, FHA, USDA, VHDA, renovation &
loan approval process early so that once you find
the home you love you’ll be able to close quickly!
We can even fully underwrite you upfront from
a credit, income and asset standpoint. Then,
once you find your dream home, you’ll be able to
close very quickly! In today’s market, that will go
a long way toward making you a very attractive
buyer.
Ready to get preapproved? We have virtually
every loan program to serve you. With conven-
construction loan options, Summit’s highly quali-
fied and experienced team is ready to help you!
Go online to www.LynchburgLender.com and get
to know our team; or call us at 434-237-1027 and
let us help you GET MOVING!
Summit Mortgage Corporation NMLS
#1041, nmlsconsumeraccess.org, Equal Housing
Opportunity.