You might be wondering, how exactly do you SAVE money by speaking with a lender? Don’t they take your money to begin with due to a little thing called L-O-A-N?
I hear you, but really you can and it can happen a number of different ways, whether it be before you buy a home, when you are buying your home, you already have your home, or are looking to sell/invest in a future home!
Getting Ready to Buy a Home
One thing I hear over and over again from people I speak with is that they first want to pay off a lot, if not most of their debt before purchasing a home. While that is commendable, it is not necessary. By speaking with a lender before paying of all accounts allows you to get professional input on what debt to pay down to for you to qualify for the purchase power you are looking for. In doing so, you are able to allocate more money towards the house, since you didn’t use it all paying off the debt, and secure a better interest rate as interest rates could go up at any moment.
Purchasing A Home
In the event that you are actively looking at the moment, hopefully you have already spoken to a lender. Before becoming a REALTOR, I know I wanted to preview homes prior to becoming prequalified. I am lucky my REALTOR at the time guided me towards speaking with a lender as it allowed us to establish what we wanted as a monthly payment, prior to falling in love with a home that was out of our budget. I highly encourage you to shop around for a loan as not all lenders are created equal. It is about finding the team and loan that works best for you to ensure you get more bang for your buck!
Refinancing your home always seems like a good idea, especially when we hear our neighbors talk about their experiences 5 years ago, or whenever we see rates have gone down. By keeping in touch with your lender after purchasing your home, you will know when the best time to refinance is based off your situation, which can save you both time and money!
Selling Your Home
When the market is good, selling your home can certainly cross your mind. Speaking with a realtor and lender allows you to review hypothetical situations to get you top dollar ensuring you get the best deal with the next home you purchase. Even if buying a home after the sale of your home is not the plan, don’t leave money on the table by poor planning!
Investing in Real Estate
Your current home can leverage your way into building/adding to your nest egg by investing in real estate. Not sure if your current home has the potential? Your realtor and lender got your back and can provide you with the information you need to make an informed decision on the best property for your situation. Hello cash flow!
If you are on the fence, don’t hesitate and call me today! I work with AWESOME people who I have personally used for my needs as well, who can and will definitely take care of you as well. Let’s make your real estate dreams come true!
Author:Azucena Gonzalez Phone: 928-366-8024 Dated: July 29th 2019 Views: 407 About Azucena: ...
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One of the benefits of homeownership is that it is a “forced sa
"Michelle Mojica became our real estate agent in 2008, when she represented my husband and I as the buyers on our first "second home / vacation rental" purchase in Avondale, Arizona (in the Coldwater Creek development). Over 4 years I've come to know Michelle and found that she is very smart, patient, responsive, cheerful, professional, and an overall likable lady. We went back to Michelle, and her husband, Juan, when we were ready to sell the same Avondale house in 2012. Even though the real estate market had changed over the 4 years we owned it and we didn't know just how long it could take to sell it, Michelle amazed us with a record breaking one week escrow that opened on a Monday and closed on Friday, all in the same week! And, it was the hottest time of the year in Arizona and difficult for us to get away from our jobs to make the 5 hour drive from our primary residence in California, and Michelle and Juan flawlessly handled the transaction entirely by phone, fax and email. It was incredible how easy they made it for us as the sellers, as well as the buyers and their agent. It took Michelle's knowledge, all her contacts, and her professional mannerism, to get the job done. We can't say enough good things about our experiences with Michelle and her husband Juan. I would highly recommend either or both as a team to anyone looking to buy or sell real estate in the greater Phoenix area. Nice and caring people!"