Hey everyone! This is Jordan Matin, owner and broker here at Matin Real Estate and I want to talk to you about getting pre-approved. I can’t say enough how important it is to get pre-approved before you start your real estate journey. Obviously a pre-approval is important if you’re looking to buy a home, but I also recommend that the sellers I work with get pre-approved as well, before they go on the market. I can’t tell you how many times I’ve worked with sellers that want to sell their home before they worry about the loan on their next property and then can’t get approved after they’ve already sold their home. Things change quickly and even though you may have good credit, maybe your debt to income ratio is too high, or maybe you have a missed payment you don’t know about, or some other factor is keeping you from getting approved. No matter what the reason is, if we had been prepared up front, we could have avoided the situation altogether or came up with a plan to address the issue.
Now as for those looking to purchase real estate, unless you’re paying cash, we need to get your financing in order. Here at Matin Real Estate, we work with some incredible lenders who can get you a great rate and the first step in the process is to talk to one of them and get pre-approved. It doesn’t cost you anything, there’s no obligation to work with them and it does not hurt your credit. Once you’re pre-approved, we’ll sit down with you at our buyer consultation and come up with a solid game plan to get you in to your new home. We’ll know what you can afford and we can start to look at the taxes and possible HOA fees to see how they’ll effect your purchase and make sure that you can qualify. This will also allow you to see what your monthly payment might look like so you can start to plan it into your budget.
So if you’re looking for an excellent lender, or you’re curious about starting this whole process, please reach out. A consultation with one of our brokers is free of charge and holds no obligation. At the end of the day, we just want to help you out and guide you through your transaction.
We’re so grateful that you consider us your real estate experts here in Portland and Southwest Washington. Reach out to us today and we’ll show you how we get the job done. Thank you very much and I’ll look forward to talking to you soon!