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Why You Need Loan Pre-Approval

January 21, 2014 by Eric Lowry Leave a Comment

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

Filed Under: Buyers, Eric Lowry's Articles, Financing, First-time Homebuyer Tagged With: First Time homebuyers, Home Financing, Keller Williams Realty, Mason Ohio Homes For Sale, Mortgage Preapprovals, The Lowry Team, Top Real Estate Agent, Top Selling Realtor, West Chester Ohio Homes For Sale, Why You Need Loan Pre-Approval

Mortgage Interest Rates In West Chester & Mason Ohio

October 7, 2012 by Eric Lowry Leave a Comment

What are Mortgage Interest Rates in West Chester, Liberty Township & Mason Ohio??

LowryTeam.com Mortgage Interest Rate Update

 Mortgage Interest Rates In West Chester & Mason Ohio

Have mortgage interest rates hit their lows?  Will they continue to move lower?  These are good questions. The truth of the matter is nobody knows for sure.  With the uncertainty of the upcoming election and a continued soft jobs market almost anything is possible.  What we do know is that interest rates continue to hover around 3.80% for a 30 year fixed rate mortgage and this is a historic low.

Get preapproved for your mortgage before you begin to search for homes.

You can start your search for a new home in West Chester, Beckett Ridge or Liberty Township, Ohio right here using our real estate search engine – lowryteam.com.

Wondering what your home is worth in today’s real estate market? Request a market analysis here!

Have questions about buying a home or getting pre-approved for a mortgage?  Fill out the form below and we will happy to answer your questions and assist you.

Filed Under: Buyers, Eric Lowry's Articles, Financing, Financing Options, First-time Homebuyer, Real Estate News Tagged With: 30 Year Fixed Rates, Eric Lowry, Get Preapproved, Home Mortgages, Interest Rates In Mason Ohio, Interest Rates In West Chester Ohio, Keller Williams Realty, LowryTeam.com, mortgage, Mortgage Interest Rates In West Chester & Mason Ohio, mortgage lenders, Mortgage Preapprovals, Search Homes For Sale, Search The MLS, VIPHomeFinder.com

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

August 21, 2012 by Eric Lowry Leave a Comment

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

 

This Month In Real Estate for August 2012 takes a look at the national home sale numbers and also reveals Keller Williams (KW) research on the power of being pre-approved for a home loan.

According to Keller Williams (KW) research home buyers that get a full mortgage pre-approval are more likely to close on their new home compared to buyers who were only pre-qualified.  The research also shows that home buyers completed their contract negotiations within 3 days of submitting an offer.

You can start your home search right here:  http://www.LowryTeam.com/search

Other articles that you may find interesting:

This Month In Real Estate – July 2012

Searching Mason Ohio Homes For Sale

Filed Under: Buyers, Eric Lowry's Articles, Financing, Financing Options, First-time Homebuyer, Real Estate News, This Month In Real Estate Tagged With: 1st time homebuyers, Cincinnati, Home Buyers, Home Mortgages, Homebuying, Liberty Township Real Estate, Mason Ohio Real Estate, mortgage lenders, Mortgage Preapprovals, Ohio, This Month In Real Estate, West Chester Real Estate

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

March 6, 2012 by Eric Lowry Leave a Comment

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

 

This Month In Real Estate for West Chester, Liberty Township and Mason Ohio real estate covers getting your home sold sooner than the competition and today’s continuing low interest rates.

Interest mortgage rates continue to hover in the range of 4.00% providing for great opportunity to lock in interest rates on the purchase of a home, that may not present themselves again for many, many years.

Getting your home sold a month sooner than the competition.  Home owners that priced their home based on their agent’s recommendation of a list price sell almost twice as fast and for more money than their competition.  As for the strategy of starting high with the price…  Yes, the buyers can always amke an offer, you just need to make sure it’s on your home.

Filed Under: Eric Lowry's Articles, Financing, Real Estate News, This Month In Real Estate Tagged With: Cincinnati, Eric Lowry, Eric's Hassle Free Listing, Interest Rates, Keller Williams Realty, Liberty Township Real Estate, LowryTeam.com, Mason Ohio Real Estate, mortgage lenders, Mortgage Preapprovals, Ohio, preparing your home for sale, Preparing Your Home For The Market, Selling A Home, This Month In Real Estate, Top Selling Realtor, VIPHomeFinder.com, West Chester Real Estate

Mortgage Interest Rates In West Chester & Mason OH – December 2011

December 9, 2011 by Eric Lowry Leave a Comment

What are Mortgage Interest Rates in West Chester, Liberty Township & Mason Ohio??

LowryTeam.com Mortgage Interest Rate Update

Mortgage Interest Rates In West Chester & Mason OhioHave mortgage interest rates hit their lows?  Will they continue to move higher lower?  These are good questions. The truth of the matter is nobody knows for sure.  We had seen an uptick in mortgage interest rates in West Chester & Mason Ohio earlier this year, only to see them sag back down again, as you can see on the graph. The interest rates are now hovering around in a range between 4.00% – 4.25% for a 30 year fixed rate mortage.

It seems like in West Chester and Mason Ohio that we have seen the lowest levels and that interest rates may likely begin to edge a little higher as we get into the new year a little ways.  We certainly don’t expect large jumps in interest rates soon, but an upward trend seems likely.  The only certainty that exists right now is that these are historically low rates for home purchases.

Get preapproved for your mortgage before you begin to search for homes.

You can start your search for a new home in West Chester, Beckett Ridge or Liberty Township, Ohioright here using our real estate search engine – LowryTeam.com.

Wondering what your home is worth in today’s real estate market? Request a market analysis here!

Have questions about buying a home or getting pre-approved for a mortgage?  Fill out the form below and we will happy to answer your questions and assist you.

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    Filed Under: Eric Lowry's Articles, Financing, Real Estate News Tagged With: Beckett Ridge Interest Rates, Eric Lowry, Home Mortgages, Interest Rates, Keller Williams Realty, Liberty Twp OH Interest Rates, LowryTeam.com, mortgage lenders, Mortgage Preapprovals, Search Homes For Sale, VIPHomeFinder.com, West Chester OH Interest Rates

    West Chester & Mason OH Real Estate This Month

    December 7, 2011 by Eric Lowry Leave a Comment

    West Chester Liberty Township & Mason Ohio Real EstateThis Month In Real Estate For West Chester, Liberty Township & Mason Ohio – December 2011

     

    This month in real estate for December 2011 covers home sales and mortgage interest rates, which are holding steady in the 4.00 – 4.25% range.

    Also discussed this month is what the Keller Williams Realty research says about the reasons that home owners are selling their homes in today’s market.  These reasons include changes in family status  such as retirement, divorce or having a new baby, job relocations and a desire to move up to a different home.  If you are thinking of moving up to a larger or newer home, you can begin you search with one of the links below.  You can search the MLS just like a Realtor using our real estate power search:

    >>Search homes for sale in West Chester Ohio right here<<

    >>Search homes for sale in Liberty Township Ohio right here<<

    >>Search homes for sale in Mason Ohio right here<<

    For more information on buying a home, local real estate market conditions and interest rates, please use the contact form below and we will get back to you as quickly as we can.

    Other articles that you may be interested in:

    What Are Home Mortgage Interest Rates In West Chester & Mason Ohio?

    LowryTeam.com Real Estate Trends Report – December 2011 Home Sales

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      Filed Under: Eric Lowry's Articles, Real Estate News, Sellers, This Month In Real Estate Tagged With: Beckett Ridge Homes For Sale, Eric Lowry, Interest Rates, Job Relocation, Keller Williams Realty, Liberty Township Ohio Homes For Sale, LowryTeam.com, Mortgage Preapprovals, Search The MLS, Selling A Home, This Month In Real Estate, Top Selling Realtor, West Chester Homes For Sale

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