Financing

Help Establish Concrete Numbers

In a “Seller’s Market,” Real Estate Agents are more valuable than ever when it comes to helping Buyers make the best choice and find the right deal on their dream home.   

Your Agent should help prepare you by Establishing a clear and defined budget ahead of time. That means making sure you are preapproved for a mortgage before the search gets underway. Also, have a firm commitment to the cash you have to work with.

So How Do We Help Our Clients :

  1. Provide guidance in which 40+ years of experience brings to the table (including 18 yrs in the financing/mortgage biz). I have seen A LOT.

 

  1. Provide the tools to help figure out how much house you can afford. The Key Factors in calculating affordability :

 

    • Income
    • Funds Available
    • Debt and Expenses
    • Credit Profile

Start with our Mortgage Calculator

 

  1. Encourage getting preapproved for a mortgage. Why? Offers will not get accepted without being preapproved. Also, who doesn’t want Faster Closings and LESS Stress with the Mortgage Qualification Process? Trust me! And if you need a referral, I got you covered.

Give me a call (317) 625-0655, and let us show you how We work harder to make good things happen!

Next week, Creating a Bidding War, and boy, do I have a story for you!

Be sure to bookmark our Blog!

Get Pre-qualified For A Conventional Loan

Last week, the TOP BUYER TIP in today’s seller’s market was to get pre-qualified (unless, of course, you are paying cash for your next home.) So, what does pre-qualified actually mean, and how do you get started?

Getting pre-qualified for a mortgage loan requires that you select a mortgage lender (Don’t know who – I have a few that I worked with for years and come highly recommended) to work with and obtain your loan. Visit our website for our preferred partners

Really, mortgage pre-qualification is a promise from the lender that you’re qualified to borrow up to a certain amount of money at a specific interest rate, subject to a property appraisal and other documentation. And in most cases, it’s FREE. Yes, I said FREE.

In today’s housing market, without one, you don’t stand a chance. Sellers are receiving multiple offers on their homes within hours of putting them on the market. Having a pre-qualification letter in hand proves to the seller that you are serious about moving forward and provides you with bargaining power.

If you need some help talking through this financial piece, give me a call at 317-625-0655. I am here!

New FHA Loan Limits for 2021

Starting January 1, 2021, the Federal Housing Administration (FHA) announced new loan limits.

What does this mean for you??

New FHA Loan Limits = New Homebuyer Budgets

Click Below For More Info

This may be the right time for you with the Indy market as well as the new loan limits.

If you have any questions, contact me at (317) 625-0655 or Mike Wickham, our trusted financial partner at Caliber Home Loans. We are always happy to answer any questions that you may have.