VIP Buyer Packet by Robb Realty Group powered by EXP Realty
Buying a home is probably the biggest investment you will make, with long-term financial ramifications. It calls for many informed decisions and for good advice from a real estate professional. When buying a home, you can learn from the knowledge and skill of a Real Estate Agent with the experience we offer. After years in the business and hundreds of properties sold, we know exactly what it takes to get you from where you are to where you want to be. As experts in residential real estate transactions, we'll make your home buying process far more enjoyable AND we'll show you how to save a ton of money along the way. Hire us for FREE as the buyer and experience world class service from the #1 Virtual Brokerage in the world and a Top 1% Real Estate Team in the Country.
Buying a home is probably the biggest investment you will make, with long-term financial ramifications. It calls for many informed decisions and for good advice from a real estate professional. When buying a home, you can learn from the knowledge and skill of a Real Estate Agent with the experience we offer.
After years in the business and hundreds of properties sold, we know exactly what it takes to get you from where you are to where you want to be. As experts in residential real estate transactions, we'll make your home buying process far more enjoyable AND we'll show you how to save a ton of money along the way. Hire us for FREE as the buyer and experience world class service from the #1 Virtual Brokerage in the world and a Top 1% Real Estate Team in the Country.
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MORTGAGE
PRE-APPROVAL PROCESS
For many home buyers, mortgage pre-qualification is the first step to buying a house. But
you shouldn’t put your feet up after the first step and expect everything to just fall into place:
There’s plenty more to be done. Here’s a straightforward guide of the pre-approval process.
STEP 1: MORTGAGE PRE-QUALIFICATION
The mortgage pre-qualification process is quick and free. It should take less than an
hour. During the process, you speak with a loan officer and answer questions about
your financial situation.
Mortgage pre-qualification will give you a rough estimate of how much house you can
afford. It’s not a binding agreement — it’s simply something you can use to gauge your
buying capability.
Mortgage pre-qualification can be especially useful if you’re not sure you can afford a
mortgage.
STEP 2: MORTGAGE PRE-APPROVAL
After you’re pre-qualified, your next step is to get pre-approved. This is an in-depth
process. You’ll need to submit paperwork about your income, assets, employment
history and residency status to a lender.
Getting pre-approved is almost like applying for a real loan, but it happens before you
select a home.
STEP 3: SHOPPING FOR A HOME
Now it’s time for the fun part: home shopping. Using your pre-approval amount as a
guide, shop for homes within your budget.
Since sellers and Realtors view pre-approved buyers more favorably, shop with
confidence. You’ll come across as a much more serious buyer than any non preapproved
competitors.
STEP 4. MAINTAIN YOUR FINANCIAL PROFILE
Be aware that changes in your financial situation can affect pre-approval. When you’re
in the process of obtaining a loan, do not do the following:
• Take out on any new debts or make big purchases.
• Switch jobs.
• Change careers.
• Make any big life changes that could put your financial capabilities in question.
If you’re looking to change jobs or buy something expensive, wait until after closing.
If all goes well, you will be cleared to close — meaning you are fully approved. You’ll get a
date for closing. During closing, you’ll sign and double-check mortgage documents.
If anything looks different than you were promised, don’t be afraid to back out; it’s better
to leave a bad deal than to be locked into one. We will be here along the way for you during
this process.
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ROBB REALTY GROUP
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