Dear Anderson Group,
My fiancée and I are first-time buyers and we’re very excited about seeing what’s available in our preferred areas. Do we really need to talk to a lender before we start looking at homes?
Yes! For starters, this will let you know how much you can afford to spend on your new home. Second, there are generally lending programs available only to first-time buyers that offer advantageous terms. Third, your lender will be able to walk you through the costs associated with obtaining a mortgage and buying a new home. But most importantly, your lender will provide you with a pre-approval letter, which is a crucial piece of a strong offer package when we find the house you want to purchase. A well-connected real estate agent will be able to offer you several recommendations for excellent lenders that will be with you from the pre-approval process all the way to closing day.
Do you have a real estate question for The Anderson Group? Let us hear from you! E-mail us at the address listed below and your question may appear in one of our future blogs or monthly newsletter.
