Prepare for Financing
Lenders are in difficult situations as guidelines and rules are changing frequently. Everyone should know financing is available and loans are being made everyday. There is also a large increase in re-financing. Due to downsizing and layoffs, along with strong activity, lenders are stressed to meet demand in some cases.
If you are looking to purchase a property with financing, it is more important than ever to plan ahead. Meet with your lender and complete applications before you look at property if possible. Making an offer when you have been pre-approved is always the strongest position for a buyer.
Pre-qualified does not carry much weight. Ask your lender to help you become Pre-approved, which means you have undergone more underwriting and are very qualified. This will help you get the best deal for your purchase.
Check out the local mortgage providers listed on my home page for expertise in our area.