When you are buying a home in Ocala, FL, the most important part of that process is working to get the best possible financing rates so that you spend less on your perfect home. Getting that rate, however, can be difficult if you do not have the right information about the real estate market.
That’s where our real estate agents at Your Home Sold Guaranteed Realty - Coldwell Real Estate Services play a part. We have a 3 Point Plan for the home buying process to ensure that you obtain the best financing when buying a home. It is essential that you get the best financing rates before you begin shopping for your perfect home.
Although most home buyers start the process with house hunting, this is actually the last of the steps you should be taking. Rather, obtaining the best financing rates is the critical first step.
Here are 3 of the top tips to ensure you get the best financing rates before buying a new home in Ocala, FL:
1. Mortgage Pre-Approval Is a Must
Many real estate agents will let you know that getting mortgage pre-approval is essential for the home buying process. It will provide you some important benefits, including:
- Emotional security in the house buying process
- Insurance against rising interest rates in the marketplace
At no cost or obligation, a mortgage broker can write a mortgage pre-approval for you. This will be more than simply a verbal approval from your lender – it has much more significance. The written approval from a mortgage broker is like having money in the bank.
The pre-approval is a certificate which guarantees you a mortgage for a specific amount once you have found the perfect house for you and your family. No matter what happens with the financing rates, your pre-approved rate will not change. You will get the lower rate.
2. Preferential Access to Special Low Financing
When you work with a skilled real estate agent who has vast experience conducting hundreds of transactions each year, you may be able to take advantage of certain benefits when negotiating with lending institutions.
Because these lenders are anxious to do business with these realtors, the clients may be able to get better financing rates than would be normally expected. As a home buyer, you can have an easier time buying a home with lower monthly payments and a minimum down payment.
3. Let the Realtor Hunt for Houses for You
When you are searching for the perfect home, it can be a daunting task. It can be a challenge when you have the ideal features of a house in mind but are not sure where to start your search. For that reason, some real estate agents offer a house-hunting service to assist you in your search.
These realtors have programs which are designed to use your home buying criteria to match you with the perfect home on the real estate market. The assistance of a realtor can give you the competitive edge when it comes to finding a house and then making an offer before other home buyers have a chance.
All that is left for you is to view the homes your realtor finds for you, and they can use that information to find more homes that match your criteria.
Get the Best Financing Rates with Our Team in Ocala, FL
At Your Home Sold Guaranteed Realty - Coldwell Real Estate Services in Ocala, FL, our team is dedicated to helping you save money by getting you the best financing rates possible for your home.
Our expert real estate agents are available to talk with you about your home buying goals and how to get the best financing rates. Call us at 352-209-0000 or fill out the form below with the requested information to learn more!