It’s really this simple — getting pre approved is one of the smartest things you can do when you’re shopping for a home. And since buying a home is one of the biggest financial decisions you’ll ever make, it’s well worth your time.
So why is a pre-approval so important?
First of all, knowing that you already have a loan lined up and precisely how much you can borrow will give you more leverage when it’s time to make an offer.
A pre-approval also makes it more likely that you’ll actually get a house you like when there are others who want to buy it. Sellers are more likely to favor buyers with a pre-approval, because that indicates they’re serious about the offer and won’t get hung up with lending problems.
In addition to getting you a pre-approval, I’ll serve as your partner th
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AnnieMac Home Mortgage staged its own version of a backyard barbecue — call it a "breakroom barbecue" — on Friday afternoon.
From 12 to 3 p.m., the company's main headquarters in Mt. Laurel, N.J., held a Summer Celebration for employees. J-Dog Catering & Amusements set up in a room on the third floor, and served grilled chicken sandwiches, hamburgers, hotdogs, veggie burgers and ice cream — complete with table full of toppings and condiments so attendees could customize their meals to their tastes. And as temperatures hit 90 degrees outside, all dishes came with a side of air conditioning.
Judging by the response, the event went over well. A line formed outside the door before the designated start, and a steady stream of diners filed through for the next three hours.
"The choice of food was good and the ice cream bar was so much fun," said co
By William McCracken, owner of BCM Home Improvement, LLC, located in Marlton, N.J.
At this time of year, you may be thinking about getting a deck built at your home, so you can enjoy the warmer weather in style.
There are a lot of considerations that go into constructing one, including the building materials and the size of the deck.
But the most important thing to consider before you take any other step is getting a permit.
Permits (and the building codes they enforce) are by far the most important considerations for homeowners who want to protect their investments. Permits are required in most situations for decks. As a homeowner, you can run into serious problems such as structural deficiencies or code violations when you try to sell your home with a deck that was built without one.
When buying a home, make sure to find out if the proper per
Purchasing a home is one of the most important decisions you’ll ever make, and there are many steps to the process. But you don’t have to feel overwhelmed. Remember that my team and I are here to assist you through the process.
Here’s a basic rundown of how it works.
BEFORE YOU START SHOPPING
You may think that the process of buying a home starts with shopping for one. But you’re better off starting with a mortgage pre-approval, which will give you an idea about what you can afford. A pre-approval will also give you a stronger negotiating position when you’re ready to move forward with the purchase.
You’ll want to deal with a mortgage professional who will help find the right loan for you, and who is willing to keep you engaged and informed every step of the way.
Provide the lender with as much accurat
It's been a week since you first inquired about a mortgage with us and we wanted to drop you a line to see if you’re still interested. If you are, let us know and we can complete your application. Maybe you’ve decided this just isn’t the right time. If so, please keep us in mind should you decide to move forward with a mortgage in the future.
If you’ve decided to go with another lender, don’t hesitate to contact us should you have any questions or feel that they aren’t giving you the deal they promised at the outset.
Clients often come back to us because they aren’t satisfied with the service they receive from other mortgage professionals. Remember that we have widest range of products available in the home lending industry, along with the best loan programs and customer service.
We hope everything is goin
We know that buying a home can be confusing, especially if you’ve never done it before. So we’ve prepared a guide to help you keep track of the steps. Remember that we’re always here to answer any questions you may have.
- Pre-approval – Getting pre-approved is the best way to start the process of buying a home. It will tell you precisely how much the lender is willing to let you borrow, and carries a tentative commitment to secure the loan.
- Mortgage Shopping – You should contact a Licensed Mortgage Originator, who will review your finances and help determine your best financing options.
- House Hunting – Determine the region where you would like to live, and do a comprehensive search for homes that interest you and fall within your price range (as determined by the pre-approval). Once you decide on a home, you can n
After investing all the time and effort into finding just the right home, wouldn’t you like to do all you can to make sure the home is available when you’re ready to buy?
Having a pre-approval shows the seller:
- You’re serious and ready to act.
- You can get the funding you need to complete the purchase.
That’s why buyers with a pre-approval are far more likely to get their first choice in a home. In addition to giving you an edge over other would-be buyers, a pre-approval helps you avoid delays and unforeseen problems during the lending process.
I understand the challenges of buying a home in this market, and I’ve guided many first-time homebuyers through them. After helping you get pre-approved, I’ll remain available to give you advice or answer questions.
Call or visit my website today and
Daily Quote: Make it a habit to tell people “thank you”. To express your appreciation, sincerely and without the expectation of anything in return. Truly appreciate those around you, and you'll soon find many others around you. Truly appreciate life, and you'll find that you have more of it.
Fun Fact Of The Day: What was the first restaurant ever? The very first restaurant in the world was opened in Paris in 1765. A tavern keeper, Monsieur Boulanger, served a single dish -- sheep's feet simmered in a white sauce.
A Preview Of What MIGHT Be Coming
Daily Quote: Enjoy the little things in life... For one day you will look back and realize they were the big things. Kurt Vonnegut
Fun Fact Of The Day: Can you regrow brain cells? The apocryphal tale that you can't grow new brain cells just isn't true. Neurons continue to grow and change beyond the first years of development and well into adulthood, according to a new study.
If You’re Just Understanding “Brexit” Now You’re Part of the Problem
Any major business news channel can bore you with the details of what’s occurring in Gr
Refinancing may get you a type of loan better suited to your financial needs at the moment. Perhaps you want to “cash out” and take advantage of the equity you’ve already earned. Maybe you want to shorten your loan term to build equity more quickly, or be debt-free when you reach retirement age.
There are many different factors to consider. For example, a lower interest payment now could result in a lower deduction at tax time.
As a Licensed Mortgage Originator, I can work with you and help you get the results you’re looking for. I will go over your current loan and your goals, and review the options that are available to you, with your long-term best interests in mind.
REVERSE MORTGAGE LOAN
Are you 62 or older, and looking for a way to bring in more money?
It could be to pay healthcare expenses, or help fund your grandchildren’s education. Maybe you want a bigger nest egg for your retirement years. Or you’d simply like to do the traveling you always dreamed of, but never had time for when you were younger.
You have an enormously valuable asset in your possession — your house. Yet you would prefer not to move. Nor do you feel like incurring the monthly bills that come with taking out a second mortgage.
Fortunately, there’s a loan program in place especially for people like you. A reverse mortgage will convert your home’s equity into tax-free loan proceeds that you can spend without losing ownership of your house, passing any debt along to your he
In light of recent changes in the financial markets, there’s never been a better time to buy or refinance a home. We have access to all of the best programs, and can offer you a quicker and more efficient process with the best available terms.
A “conventional loan” is any mortgage not guaranteed or insured by the federal government, but which is within the lending limits set by Fannie Mae and Freddie Mac. It’s a good, basic loan product that can meet most borrowers’ purchase or refinancing needs.
But there are different options available, so you can get the conventional loan that best suits your individual needs.
- Fixed-rate loan: Your payment remains the same throughout the length of your loan, whether it’s 30-year, 10-year or anything in between. An excellent cho
Don’t give up your goal of owning a home, just because you’d have difficulty qualifying for a conventional loan.
FHA loans, backed by the Federal Housing Administration, are available even if you’ve had credit problems in the past, or if you have limited funds available for a down payment or closing costs.
In addition to low competitive interest rates, an FHA loan will offer you the following:
- Low mortgage insurance premiums
- Down payment as low as 3.5 percent
- Available for 1-4 unit single-family homes and FHA-approved condos
- Up to 6 percent seller assist
- Gift funds can be used for down payment or closing costs
- Non-occupant co-borrower can be added to the application
AnnieMac Home Mortgage’s Construction-to-Permanent loan program gives you a chance to build a future for yourself — literally. Getting a new home constructed is a big project. We can make it easier by saving you delays, hassles and expense on the financing end.
Maybe you’d like to get a home built. The problem is, you can’t use a conventional, long-term mortgage to buy an empty lot or an incomplete home. And the financial burden of paying for an entire home with a short-term loan is more than most people can deal with.
How do you get around that?
You could obtain an initial loan to fund the construction, and then get a long-term mortgage to pay off the remainder of the project once the home is built. But when you do it that way, you end up paying two sets of closing costs. You also waste time and effort shopping for two separate
Federally backed USDA loans offer many benefits not available in other loan programs, geared toward getting you the financing you need to be a homeowner.
These loans are for income-qualified borrowers looking to buy homes in U.S. Department of Agriculture-approved rural areas — a designation that’s not nearly as restrictive as you might think.
In addition to a low, fixed interest rate and payments, benefits include:
- $0 down payment
- Gift funds allowed
- Up to 6 percent seller assist
- Competitive 30-year fixed rates
- Covers up to $417,000 purchase