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Yes, There’s Money To Lend and Mortgages To Be Had

 

GREAT RATES

Don’t be put off by what “the news” may be saying about a mortgage crisis; there is money to loan to qualified applicants.  In fact, mortgage rates could hardly be better.  The Freeman/Davis Home Team at www.FreemanDavisHomeTeam.com can connect you with one of our expert loan officers.  We pride ourselves at being able to make mortgage loans at affordable rates to qualified buyers and our ability to advise those currently not qualified on how to improve their position for purchasing at a later time.

Mortgage rates are great and here’s a sample of what is available in the lending marketplace:

  • Conv 30 yr Fixed
  • 4.875 – 5.375
  • Conv 15 yr Fixed
  • 4.750 – 5.250
  • FHA 30 yr Fixed
  • 5.375 – 6.000
  • Conv 5/1 yr ARM
  • 5.000 – 5.750
  • JUMBO 5/1 ARM
  • 4.875 – 5.250

A pre-approved mortgage loan is an excellent guideline to help relocating home buyers know how much home they can afford. For the seller, pre-approval is proof that the buyer’s lender feels confident a loan commitment would not be a problem if all the financial documentation were in order.

    Pre-Approval Benefits:

  • Streamlines house hunting.
  • Offers peace of mind.
  • Prevents “house poor” homeowners.
  • Boosts bargaining power.
  • Pinpoints best mortgage option.

    • A pre-approval identifies how much money the transferee can obtain, so precious time isn’t wasted looking at too-costly homes.  You know for sure how much home you can afford, and there is little chance a lender will not make the requested commitment.  Pre-approval reduces the possibility of you becoming overextended and unable to meet payments later on.  Pre-approved buyers tend to be in an advantageous position when bidding against other buyers, as sellers like knowing your loan is guaranteed.  The pre-approval process helps you identify ahead of time which type of mortgage best meets your personal needs.

    Before you jump into planning your move, there are some terrific services we offer to relocating families moving into or out of our area. Let us help you take advantage of them. Send us an e-mail or give us a call.

More Tips
If you plan on relocating any time soon, take a few minutes to read our special onlinereport, SMOOTH: A Dozen Ways To Plan The Perfect Relocation. You may also be interested in, STRESS BUSTERS: How To Minimize The Worries Of Moving. There’s absolutely no obligation.

Rick Freeman & Amy Davis

The Freeman/Davis Team
Coldwell Banker/HPW
Raleigh, NCPhone - 919-649-6638
eMail - FreemanR@hpw.com
Visit Online at www.HomeSearchRaleigh.com
Voted “Best Of “CitySearch” Raleigh/Durham
 
 
 

 

 

This entry was posted on Friday, January 30th, 2009 at 6:13 pm and is filed under For Buyers, General Information. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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