FTHB: Step 3-4
Step 3: Choosing a Lender & Working to get pre-approved!
FTHB: Step 3-4
- Based on how you responded to our buyer questionnaire above. You will either be reaching out to a Lender of your choosing OR have us introduce you to one of our preferred Lenders via email. This email will include all contact information and a brief overview for ease of reference.
- From here you will be asked to fill out an online application. This will include the lender pulling your credit report, requesting documentation to verify your income, assets and debts, & of course review any other related financials and/or savings.
- Once your application has been submitted & you have been Pre-approved, your lender will reach out to you to now discuss your GFE (Good Faith Estimate). This is a breakdown of your monthly payment, interest rate, down payment & other funding requirements you will need to purchase your next home. In addition, it will provide us with a crucial element which is your loan amount. i.e. The top end of your “Price” range that we will be using as we move forward.
Step 4: Creating a home search!
- Once fully pre-approved. You will now have the necessary information needed to create a more in depth & accurate search that represents your true purchasing power. i.e. Price point – based on the GFE you received.
- At this point in time we will look back to your responses in our buyer questionnaire to create a custom home search. The search is linked directly to the database we realtors created and use daily via. NorthstarMLS/Matrix. The app itself is called Onehome and it will ensure that our clients receive the most up-to-date & accurate information possible.
- Once live, I prefer that my clients us this search engine – Onehome. It can be viewed from a direct link received through email OR our app. In addition, there are other tools that help aid with communication, showing favorite listings, & setting up private showings.
- For all these reasons I personally do not include “search function” on this website. This same rational applies to all other Realtor websites as well including ALL 3rd party websites:e. Zillow, Realtor.com, MLSonline, etc. There is nothing wrong with using these websites. They have been designed to be visually appealing & user friendly. However, these sites sync through a different process which can at times make them out of date, inaccurate & cause challenges when trying to communicate with your Realtor. i.e. myself