For a first-time buyer, the purchase of a home doesn’t have to be an overwhelming experience. While there is a lot to do, one of your very first steps should be to get qualified for a loan. This will save you time and put you in a better negotiating position.
Until you get qualified, you really don’t know how much of a house you can afford. Once you know, you can narrow down the choices of neighborhoods and house size. And, good real estate agents will want to know how much you can afford so they can help you quickly focus on homes in your price range.
Qualifying for a Loan
Getting qualified doesn’t have to take a lot of time. But, be careful. If you go to a bank, you are not dealing with the person who can approve your loan. They are usually very friendly, but don’t have the experience or authority to approve your loan. They can say you are qualified, but until your application is approved by the central office, you don’t have the loan.
Because of my many years in the business, I know the rules the lenders use. When I qualify you, you can have confidence that you will get the loan. In fact, I’ve never had a person I qualify be turned down for a loan.
If you want to see how much you qualify for, give me a call. I’d be happy to go through the numbers and work out ways that you can get the house you want. As a loan broker, I have a wide variety of loan programs from many lenders that I can access. I do the shopping for you. We’ll work out a comfortable choice of down payment and monthly payments for your new home.
Give me a call. Let’s talk about your situation. I’ll give you the straight story. And, if you don’t quite qualify for what you want, we’ll work out a plan to get you there.
Here’s my phone number. It comes right to me: 818-952-8666. (I do get a lot of calls, so if you get my voice mail, don’t worry, you can leave a personal message 24/7. I call everyone back as soon as possible. If you have a preferred time for me to call you back, let me know, or send me an email.)
Note: To qualify you, I use the information you give me, which must be valid.
“My fiancé and I were first time home buyers and were brought to David through Yelp and his great reviews. After working with David, it is clear why he is so highly rated and we wanted to add our own experience and thanks.
“As first time buyers, a realtor friend said that the first step was to get in contact with a Mortgage Broker. After first contacting David, he offered to come over to our place after we got off work to explain the mortgage process and how he could help. During our search, David was quick to deliver the pre-approval letters and when our offer was accepted,
“David moved quickly on the loan approval process. He helped answer several of my detailed questions during each phase of the transaction, ensuring I was comfortable with the process. I was particularly impressed with his patience and the timeliness of his responses, once receiving an answer to several questions within minutes very late at night. I felt like I could reach out to David at any time of the day and on weekends and he would be there to assist.
“Not only were we impressed with the rate David was able to lock in for our loan, but also for the constant communication he had with our realtor about where we were with receiving the loan. Our realtor regularly said during the purchasing process ‘thanks for introducing me to David, I will use his services again.’ My fiance and I would one hundred percent agree!”