Naples Real Estate, Rental, and Property Management Services

We have been helping our customers buy, sell, rent and own property in Naples for over 12 years. We have all the usual credentials but our customers tell us that what really makes us unique is our knowledge of the Naples market and exceptional customer service.

Christine Dike has been providing incomparable Real Estate Services, Rental Services, and Property Management Services in Naples, Golden Gate Estates, Bonita Springs and Estero, Florida, for over 10 years.  Broker-Owner of ToastyinNaples.com Realty she will take care of you every step of the way on your real estate journey whether you are buying, selling, renting a home or condo for the week, month or year, or investing in rental property.

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Getting Pre-Approved Should Always Be Your First Step

April 18, 2018
We are definitely in a buyers market in southwest Florida at the moment.  There is plenty of inventory on the market no matter what your price range.  Before we start looking, make sure that you know how much you qualify to borrow on a mortgage.  There is nothing so disappointing as finding the perfect home and then finding out that you cannot get the mortgage you need to purchase the home.  I know wonderful loan officers who are happy to help with the mortgage process while I help you with the buying process.  Call me today and let’s get started.

Courtesy of Keeping Current Matters 2018

 

Getting Pre-Approved Should Always Be Your First Step | MyKCM

In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.

Even if you are in a market that is not as competitive, understanding your budget will give you the confidence of knowing if your dream home is within your reach.

Freddie Mac lays out the advantages of pre-approval in the ‘My Home’ section of their website:

“It’s highly recommended that you work with your lender to get pre-approved before you begin house hunting. Pre-approval will tell you how much home you can afford and can help you move faster, and with greater confidence, in competitive markets.”

One of the many advantages of working with a local real estate professional is that many have relationships with lenders who will be able to help you with this process. Once you have selected a lender, you will need to fill out their loan application and provide them with important information regarding “your credit, debt, work history, down payment and residential history.”

Freddie Mac describes the ‘4 Cs’ that help determine the amount you will be qualified to borrow:

  1. Capacity: Your current and future ability to make your payments
  2. Capital or cash reserves: The money, savings, and investments you have that can be sold quickly for cash
  3. Collateral: The home, or type of home, that you would like to purchase
  4. Credit: Your history of paying bills and other debts on time

Getting pre-approved is one of many steps that will show home sellers that you are serious about buying, and it often helps speed up the process once your offer has been accepted.

Bottom Line

Many potential home buyers overestimate the down payment and credit scores needed to qualify for a mortgage today. If you are ready and willing to buy, you may be pleasantly surprised at your ability to do so.

Remember I am here to help throughout the buying process.  It is so important to make sure that you can qualify for the mortgage before we start looking.  You may be surprised you may qualify for more than you thought and we can find the perfect home for you.  Call me for recommendations of loan officers who will be happy to assist you with financing.