Last week a prospective buyer called and asked who should meet with the lender. Her fiance will be contributing the bulk of the down payment, but she is the one with steady employment and spotless credit. After hearing a little bit more of their history I suggested they both sit down with a lender (I gave them three names) and discuss their goal, their financial picture and let the lender decide the best loan and terms tailored to suit their situation.
Just as there are a variety of homes to choose from, there are also a variety of loan programs offered. The lender is the local expert when it comes to home financing. The best contribution I can make as your real estate agent is to make sure you meet with a lender early in the house hunting process. A pre-approval letter is one of the best ways to win sellers' confidence and increase the odds of opening escrow. If you've done your homework by obtaining a strong letter from a lender and your down payment is in the bank you are on your way to a successful home buying experience.
You will soon be opening up your new front door!
Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800
PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.
South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. Information is deemed reliable but not guaranteed.
Homes In Palos Verdes - Palos Verdes Agent Home
Palos Verdes Horse Property - Palos Verdes Property Blog
Needles River Front Land - Homes with Views in Palos Verdes
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Sell Smart, Buy Wise and Live Well
PalosVerdesLifestyle - Norma's award winning site as the best Palos Verdes homes and real estate blog since 2007.
- Selected by Relocation.com as one of the top ten Los Angeles area real estate blogs.
- Chosen by MovingCost.com as one of the best Los Angeles realty blogs.
- Awarded 5 out of 5 stars by Lender411 blog review.
- Ranked by Technorati in the top 1% of all blogs.
- As seen in the Daily Breeze newspaper.
- Rancho Palos Verdes Top Real Estate Agent
Palos Verdes Homes Blog - Palos Verdes Houses
Palos Verdes Horse Property - Palos Verdes Real Estate Agent
Palos Verdes Coastal Homes - Palos Verdes Home Search
Photos of Palos Verdes - Palos Verdes Videos
Palos Verdes Luxury Homes - Beach Cities Homes - Income Property in the South Bay
Based on information from the Association of REALTORS®/Multiple Listing as of the initial date of this article/blog publication and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.