We receive many inquiries about home buying from people who register. By providing us with the answers to the questions in this step, we can e-mail you information tailored to your situation. Our customers have found this approach very helpful.
What is a buyer's agent?
A buyer's agent represents only the buyer in a real estate transaction.
A buyer's agent is the counterpart to a seller's agent. If you use a
buyer's agent, their goal will be to get you the best property at the
terms most favorable to you. Your buyer's agent is responsible for protecting
your interests.
Once registered with our service, we will e-mail a complete FAQ (Frequently Asked Questions) document on what buyer agents are and their benefits to you as a buyer.
What is mortgage pre-approval?
Let's start by reviewing what pre-qualification means: you provide some
basic personal financial information to a lender or mortgage broker,
and they will provide you with information about how much you can afford
to spend on your new home. Being pre-qualified gives you a good idea
of the range of home prices you can afford, but is not a formal loan
approval or commitment. Mortgage pre-approval is much more powerful
to a lender. Pre-approval requires that you submit additional personal
information and documentation. In return, the lender or mortgage broker
will provide you with a pre-approval letter, which means your loan will
be approved as long as you can satisfy the lender's requirements. Pre-approval
has real benefits and gives you an advantage over other buyers. It is
evidence that you are likely to secure a loan and sellers will often
weigh your offers more seriously than non-pre-approved buyer's offers.
Getting pre-approved will also save you time when closing the loan,
because you've already pulled together your paperwork.
If you answer 'no' to this question, we will e-mail you a complete FAQ on pre-approval and its benefits to you as a buyer.
