Home Loan BLOG

Everybody likes a good deal.  Folks are looking for preforeclosures, default properties, bargains, "great deals" and "give aways".  Sometimes good deals pop up.  When deals pop up, if you are not ready to get it, somebody else will.

Most good deal foreclosed and default properties are sold within three days of hitting the market.  And the buyers were ready.

How did those buyers get ready?  By being preapproved for their loans, that is the reason most of them got those properties.  Preapprovals are free.  Preapprovals tell you what you can afford according to the lender.  Preapprovals tell the seller that you are ready and preapprovals take the property off the market before someone else gets it.

When buying a good deal, have your broker or realtor prepare a purchase packet for you that is professional and include that preapproval letter.  If you have any questions, call me.  Advice is free.  I want you to succeed.