Two Reasons Now is a Good Time to Buy

If you are considering buying a home in the near future, I have two reasons why sooner may be better than later. First, with the sub prime mortgage fallout, secondary market investors continue to tighten their lending standards. The more they tighten their standards, the less flexibility you may have when attempting to get a mortgage loan. This could greatly affect those with average to below average credit and/or those who have little to no money to use as a down payment. Secondly, it is definitely a buyer’s market. Now is an excellent time to find a good deal on a home that can fit into your budget.

Get a Loan From Someone You Trust

The amount of trust you place in your mortgage lender is a huge factor when purchasing a home. The process can be lengthy and legally detailed, and will affect your financial life for many years. Whether you go with Southeastern or someone else, make sure you do business with a lender that takes the time to know your finances and will do what is in your family's best interest.

When you are ready to purchase a home, give Pam Reimers a call. Let her serve you with a great mortgage loan experience. (229) 293-1290 or (800) 228-9839 x-1290. Pam can take your application over the phone, online, or by appointment.

Don't Make Major Purchases When Buying a Home

I highly recommend not making large purchases if you are planning to buy a home or are in the process of buying a home, especially where you take on extra debt. If you get a loan for a new automobile or make large purchases on your credit card, you reduce the amount of money you are eligible to borrow. Every $100 you pay per month on a loan payment may reduce the amount you can borrow for a home by $10,000. For example, if you add a $300 a month car payment, that could mean you qualify for $30,000 less in a mortgage.

Where it gets real sticky is when you make such purchases after getting pre-approved for a mortgage loan. Many people think once they're pre-approved, the amount and rate are locked. Your mortgage pre-approval is subject to a final evaluation of your financial situation before the loan closes. If you make large purchases after getting pre-approved, you may find that you can't get a loan for the amount you originally requested.

When you are ready to purchase a home, give us a call. Let Pam serve you with a great mortgage loan experience. (229) 293-1290 or (800) 228-9839 x1290. We can take your application over the phone, online, or by appointment.

Be Ready to Buy

A great thing you can do to have “preferential treatment” during negotiations when shopping for a home is to get pre-approved.  Even if you’re just thinking about shopping for a new home, go ahead and find out how much money you are approved to spend.  When you’re pre-approved, it’s like having cash in your hand – and the people selling the home and the realtor representing them know this.  When they know you could agree to a deal at any moment, the deals get more serious and usually in your favor. 

When you are ready to purchase a home, give us a call.  Let us serve you with a great mortgage loan experience.  (229) 244-2732 or (800) 228-9839 x-1290.  We can take your application over the phone, online, or by appointment. 

Are you renting? Please read this:

If you are paying rent for a home, apartment, etc., you may be able to purchase a home instead for about the same payment as your rent. I have found many people who pay rent don't realize how easy and affordable it can be to buy a home, especially in today's market. There are so many mortgage programs available - there's a good chance we can find one to meet your needs.

When you are ready to purchase a home, give us a call. Let us serve you with a great mortgage loan experience. Call (229) 293-1290 or (800) 228-9839 x-1290. We can take your application over the phone, online, or by appointment.