The fall
Boston real estate market is
here and we still have a lot of buyers compared to the number of homes
currently on the market. This shortage
of homes has led to a competitive marketplace where Boston
home buyers often need to stand
out. To stand out among the competition and to show you are a serious Boston
home buyer it is a must to be pre-approved
for a mortgage before starting your search. A pre-approval also brings with it
the advantage of knowing your budget before you look so you don’t fall in love
with a home you cannot afford.
One of the many advantages of
working with a Boston real estate professional is that we have
relationships with lenders who can to help you with this process. Once you have
selected a lender, you will need to fill out their loan application and provide
them with important information regarding your financial standing.
Freddie Mac describes the 4 Cs that help determine the amount you will be qualified to
borrow:
- Capacity: Your current and future ability to make your payments
- Capital or cash reserves: The money, savings and investments you have that can be sold quickly for cash
- Collateral: The home, or type of home, that you would like to purchase
- Credit: Your history of paying bills and other debts on time
Getting pre-approved is one of many
steps that will show home sellers that you are serious about buying, and it
often helps speed up the process once your offer has been accepted.
When you are ready to purchase
a home in Boston, contact
an experienced Boston real estate
agent. I am committed to providing you with the highest quality buyer
service. When making the type of investment that buying a home requires, you
deserve to have all the latest market information and the very best advice,
both of which I can provide you with. I hope to speak with you soon!
Lucas Garofalo
Keller Williams Realty
(617) 861-3631
Lucas@LucasBostonHomes.com
Connect with me:
Connect with me:
No comments:
Post a Comment