The first step in the home buying process is to obtain a pre-approval from a reputable lender. A lender will determine what purchase price you qualify for. More importantly you'll discuss what monthly payment you are comfortable paying and what purchase price that translates into. A lender will take your loan application, review your financials, review with you the current interest rates and costs associated with obtaining a loan and ultimately help you find the best loan product to fit your home buying needs.
Most real estate agents will ask you if you are pre-approved before even starting your home search. A pre-approval is key first step in the process so your Realtor can help you find properties within your price comfort zone and for your specific loan type. Not to mention, most Sellers will not consider a Buyer's offer without a pre-approval letter from a lender or proof of funds if you are a cash Buyer.
Your lender and real estate agent are an integral part of your home buying process. It is their constant communication and strategy that will help you land the house of your dreams. The Legacy Real Estate Co. has worked with our preferred lender, Ashley Ortega of CMG Financial, for several years. Her problem-solving skills, quick response time and highly personable demeanor have earned her various industry awards and our client referrals. A few of our mutual clients have referred to us as "The Dream Team". She is our preferred lender simply because of the way she does business and the beyond stellar service she provides to our clients.
To start your pre-approval process or if you simply have questions about home loans, contact Ashley today!