How To Avoid A Home Buying Horror Story
It was a dark and stormy night. The love the young couple felt for a home was almost as great as the love they had for one another. They put in an offer, but a dark specter loomed before them. They carefully filled out every document to secure their future, but slept fitfully that night as they awaited the news.
When the ding of the email lit up their phones in the morning mist, they were almost afraid to look.
Their dream home in Asheville wasn’t to be. Why? They couldn’t get approved for the mortgage. But could this horror story have been prevented?
Shopping Online is Sexy
Come on now. No one sits in their home office scrolling through financing websites dreaming about the down payment on their next home. But with the ability to look up properties in the area online through a variety of sources, many people daydream about their next home by scrolling through photos online.
When you see a home that you fall in love with in pictures, what’s the next step? You may reach out to the agent and ask for a showing. You tour the home, you fall in love, you make an offer.
That doesn’t always lead to the happily ever after ending you were expecting.
Financing Should Be Sexier
While looking at pictures online is a daydreamer’s paradise, the idea of missing out on your dream home is the stuff of nightmares. Why hasn’t our culture made applying for a mortgage sexier along with the window-shopping process of scrolling through home photos online?
If you discover your ideal home but can’t get approved for a mortgage, what should you be doing instead? This is why getting pre-qualified is essential. You’ll know your budget and where you stand with the process before you fall in love with a home in the Asheville area.
Choosing a Lender
In this digital age, how do you go about finding a lender. You’ve seen the commercials on TV and the internet where celebrity spokespeople tell you to apply online through a variety of digital mortgage application services. Is that really your best bet?
There are a variety of ways to ensure you’re getting the right financing for your home purchase. And working with a local lender may be the best bet. A local lender, like Prime Mortgage Inc., can share with you a variety of options that will allow you to get into your dream home faster and with less hassle.
Don’t risk turning your homebuying dreams into financial nightmares. Contact the team at GoPrime Mortgage, Inc. . to learn more about our process and how we can help you today.