Why
should I use a Real Estate agent?
Today’s real estate market is constantly changing. New
listings come up everyday and getting relevant data on
those listings can sometimes be difficult to do. That’s
what real estate agents, like me, can do for you. I can
provide you with advice and guidance when buying or
selling a home.
What is a REALTOR®?
A realtor is an agent/agency affiliated with the
“National Association of REALTORS®” and belongs to the
local/state board of REALTORS®. We are required to
follow a strict code of ethics and sponsor the Multiple
Listing System (MLS), which provides agents and
customers with a complete list of houses on the market.
What is a mortgage?
To be concise, a mortgage is a loan that a buyer
acquires from a lender to purchase a loan. There are
many types of mortgages, most of which will fit your
individual needs as a buyer. This is one advantage to
have a real estate agent. Finding a mortgage and
understanding the specific requirements of that mortgage
can get confusing. I will clear up any questions & help
you find the best mortgage for you.
I don’t have a lot of money for a down payment. What
do I do?
That’s another advantage to having an agent. There
are many options for the amount of a down payment, and
as your agent, I will help you find the best option!
What exactly is earnest money?
Earnest money is merely the way you give your
intention of following through with the purchase. When
all is said and done, this money goes toward the
purchase of the property.
What is equity?
This is the monetary amount that an owner has in a
property outside of any liens/debt. To figure out the
equity you have in your property, take the value of home
and subtract any liens/debts that you currently have not
paid off. This amount continues to increase as your
debts are paid-off and will be money in your pocket!
What is
the difference in pre-qualifying and pre-approval?
Pre-qualification is when your loan officer gathers
information on your (your credit history, debts, income,
& assets) and configures an ESTIMATED mortgage amount
for which you could qualify. On the other hand,
pre-approval is the actual guarantee from a lender to
finance you for a specific amount. To get pre-approved
for a loan will make the whole closing process go by
much quicker!
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