Why You Need Loan Pre-Approval

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Why You Need Loan Pre-Approval

If you are getting started on your home search, the first thing you should do is get pre-approved. Wondering why you need loan pre-approval? Well, getting pre-approved acts as a dry run of the loan application process. The mortgage lender uses details about your credit, income, assets, and debts to estimate how much mortgage you can afford. After you get pre-approved, you will get a letter of pre-approval from the lender which states the amount of mortgage they are willing to lend you. This indicates the price range in which you should be looking for a home, which could save you time and heartache from the possibility of looking beyond your means. Wouldn’t you want to know if you could afford the home you’re looking at before you fall in love?

A pre-approval also serves as a good indication to potential sellers of your general creditworthiness. Proving to sellers that you are a qualified buyer is another important reason why you need loan pre-approval. Most sellers will not accept an offer without at least a pre-approval letter included; so if you are serious about buying a home this should be one of the first steps you take towards getting you in your new home. Many real estate agents will not even agree to show you homes until you are pre-approved. In the end, having a home loan pre-approval letter in hand will cause the home-buying process to be less stressful and much more enjoyable.

Search Homes For Sale Here

Other articles that may interest you:

First Time Homebuyer Series: Contract To Closing

Tips To Help Make Your Move Go Smoothly

New Construction Homes Mason Ohio

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New Construction Homes Mason Ohio

New ConstructionNew construction of homes in Mason Ohio has begun to pick up steam again after the housing market collapse of the previous few years.  We are seeing a number of builders pick up the pace of building market homes or spec homes for sale in Mason.  Also, a developing trend is home builders in Mason having an interest in purchasing lots and land for sale. New construction in Mason currently includes single family homes, townhouses, and condos. There is a lot of new development in the area.

Mason Ohio is a growing community conveniently located just minutes from I-71 and I-275. Mason has a large community center for all residents to use, including a workout center and swimming pool. Mason has a lot of dining and shopping options, such as Deerfield Town Center.

Search For New Construction In Mason Ohio Here!

Mason Homes For Sale $100, 000 – $150,000

Mason Homes For Sale $150, 000 – $200,000

Mason Homes For Sale $200, 000 – $250,000

Mason Homes For Sale $250, 000 – $300,000

Mason Homes For Sale $300, 000 – $400,000

Mason Homes For Sale $400, 000 – $500,000

Mason Homes For Sale $500, 000 +

Lowry Team Real Estate: This Month In Real Estate November 2013

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West Chester & Mason Ohio Real Estate: This Month In Real Estate – November 2013

This Month In Real Estate for November 2013:  The primary reasons homesellers decide to move  and taking a look at the national home sale numbers.

Home sales nationally continued to improve in both unit sales numbers as well as increases in average sale price.  The national average on a 30 year fixed rate mortgage is currently at 4.28%  Get preapproved for a home loan  Locally as of this writing, a 30 year fixed rate mortgage is averaging around 4.25%

According to Keller Williams (KW) research the primary reasons homesellers decide to move are primarily driven by four factors.

1. The desire to upgrade to a bigger home – the current real estate market in our area is very advantageous for moving up to a bigger home right now.  Homebuyers will find home prices are still low and represent great value.  Mortgage interest rates have now gone back down slightly after a very quick run up over the last few months

2. The desire to upgrade to a better neighborhood – this desire can be about better schools, larger lot sizes, newer homes, older homes with more character or a number of other factors.  You can start your home search by neighborhood right here on our website.

3. The need to relocate due to a job – changes in employment due to promotions and job/employer changes can frequently be the driver of selling a home.

4. The need to sell due to a change in family status – changes in family status due to new born children, grown children moving away for college or jobs, divorce and death can all be the driver of selling a home.

Thinking of buying a home?  Start your search on our real estate search engine: www.lowryteam.com

Thinking of selling your home in one of our areas of specialization including West Chester, Mason, Fairfield Township and Liberty Township ? Find Your Homes Value Here – Right Now

Homes with the best pricing and the best condition go first and sell quickly!  Need more information on preparing your home for sale?   Request a no obligation consultation here!

Other articles that you may find interesting:

Thinking Of Selling Your Home? 5 Reasons To Do It Now

Buying A Home During The Holidays

Wondering What Your Home Is Worth?

Find Out In Just Seconds!

       

The Lowry Team - Keller Williams Realty

Thinking Of Buying A Home? You Should Wait!

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Thinking Of Buying A Home?  You Should Wait!

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So you are thinking of buying a home and aren’t sure if now is the right time.  The answer is… You Should Wait!

Why should you wait??

You should wait to buy a new home if you are comfortable paying a higher price for your next home.  The real estate market has improved greatly and while home prices have not started to rise dramatically yet, home prices are going to start edging upward.  We have  a shortage of homes for sale in many areas and neighborhoods and when there is a shortage of a product the price rises.  It’s called supply and demand.

You also should wait to buy a home if you are fine with paying a much higher interest rate for your mortgage.  Rates on 30 year fixed rate mortgages are hovering around 3.25% – 3.50% right now.  Many experts believe that rates will soon begin to rise to above 5.00%, possibly by the end of the year.  How much difference does this make you ask?  On a $200,000 mortgage the payment of principle and interest on a 3.50% mortgage is $898 per month.  When rates rise to 5.00% that same $200,000 mortgage payment is $1073. per month.  That’s a difference of $175. per month or $63,000 over the life of the 30 year mortgage.

You may be thinking you are going to wait until some great deals on foreclosure or bank owned homes come on the market.  In today’s market when foreclosure and bank owned homes come on the market they sell very quickly, many times in multiple offers for much more than their list price.  Be careful… That doesn’t sound like a good deal to me.

So should you really wait?  You should really wait only if it doesn’t make sense to buy a home because of your own personal or family situation.  This is the best time to buy a home, right now.  All sarcasm and silliness aside, interest rates are not going lower and home prices have clearly already hit bottom and are poised to move higher.  Don’t miss out!

If you are going to wait, by all means wait.

If you are ready to start your home search right now, just click here >>  Search Homes For Sale In The Cincinnati MLS!

Looking For Homes For Sale In West Chester Ohio – Click Here!

Looking For Homes For Sale In Liberty Township Ohio – Click Here!

Looking For Homes For Sale In Mason Ohio – Click Here!

Looking For Homes For Sale In Deerfield Township Ohio – Click Here!

Looking For Homes For Sale In Fairfield Township Ohio – Click Here!

Looking For Homes For Sale In Fairfield Ohio – Click Here!

4092 Brookside Ct Mason Ohio 45040

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Mason Ohio Homes For Sale:

4092 Brookside Court Mason OH 45040

4092 Brookside Ct Mason Ohio

Short Sale Opportunity! 4092 Brookside Court Mason Ohio.  Great 3 Bedroom Tri-Level Features Family Room, Living Room, Large Eat-In Kitchen, Large Deck & Fenced Backyard. Great Neighborhood & Location. Landen Community Offers Pool, Tennis, Walking Trails & More!  Don’t Wait To See This Terrific Home – Mason Ohio Home For Sale!!

Get A Free, Detailed Mason Ohio Home Report Here!

Property Details – 4092 Brookside Ct Mason OH 45040

[property_details details=”1″]

Property Photos – 4092 Brookside Ct Mason OH 45040

Click Here For Current Pricing –  4092 Brookside Court Mason OH 45040  – Mason Home For Sale

Property Map – 4092 Brookside Ct Mason OH 45040


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For more information about this home or to schedule a time to see it, please Contact The Lowry Team and we will get back to you as quickly as we can. You may also reach us by phone at 513-874-1830.

View Condos For Sale In Mason Ohio here

View Single Family Homes For Sale In Mason Ohio here

Find The Value of Your Mason Ohio Home Here – Free Analysis!

West Chester & Mason Ohio Real Estate – This Month In Real Estate November 2012

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West Chester & Mason Ohio Real Estate: This Month In Real Estate – November 2012

This Month In Real Estate for November 2012 takes a look at the national home sale numbers and also reveals Keller Williams (KW) research on the key factors that drive 1st time home purchases.

According to Keller Williams (KW) research 1st time homebuyers are motivated by the following factors:

1.)  The current market

2.)  Financial readiness

3.)  Location and price

Today’s West Chester & Mason Ohio real estate market offers record low interest rates and lower home prices.  Location for these buyers is often driven by the proximity to the first time homebuyers current rental and of course affordability is always a factor.

Find Some Great Homes For First Time Homebuyers in West Chester Here

Find Some Great Homes For First Time Homebuyers in Mason Here

Other articles that you may find interesting:

Mortgage Interest Rates In West Chester & Mason Ohio

This Month In Real Estate – October 2012