Welcome back to Ready Set Sold I am your host Bryan Vogt and quite a show today we had Deb Rust at an American funding are talking about really how simple it is to get a loan meaning is yes there could be some things that you have to be aware of but the importance of talking to a lender that has the experience and has the working knowledge that is going to listen to your needs and you’re saying what you’re what you’re wanting to do and not be afraid to let you know that you know what maybe this isn’t the right time maybe you need a little bit of work done let’s face it look maybe we should have a better understanding or credit score’s but most people don’t have as that working knowledge and that’s okay.
That’s why talking to a lender getting yourself pre-approved having that conversation keeping you from getting into something that maybe isn’t going to work or you’re not going to be able to have the home of your dreams which doesn’t help the buyer but of course it doesn’t help the seller either doesn’t have anybody so again I think that’s the importance of it all so again the idea of the 20% of course is something if that’s what you want to do that’s what you feel strongly about I don’t means do it but by no means is that the only way you need to purchase a home in today’s market and has it been that way for at least 20 years if not longer that there are things that you can do to still get into the home of your dreams that doesn’t require that amount of money down.
Deb talked about 1% loans that American funding is offering right now so again it could be as little as 1% some other things that you may need they can get you moving into a house which is going to make it so very happy and it’s going to make you as a buyer very happy so again really important to know those type of situations I think what that kind of parallels what when we talk about the tip of the week it’s something that we’ve talked about numerous times but again we can’t happen now actually I’ve known happening about four or five times and last week we talked about pre-approval it is a little confusing but I would just say it’s the gold as far as if you’re going to be a buyer and also it’s important for the seller to know that – that your agent knows that but the pre-approval versus a pre-qualification for your qualifications.
This simply means as they took the time to talk to a lender they did get a credit score but that’s all the but that’s all they’ve done in that show they have maybe an idea what they’re making a pre-approval actually give you as a buyer the ability to know what exactly you can afford and how much you’re going to be paying a month and that’s really important not only because I said for the buyers but also the sellers that when they’re accepting a contract and offer sell their house have that information available to them so there’s no surprises no craziness and they go on.
Hey thanks so much for joining this week we will be back next week with some more great tips and information about the real estate market talk to you soon.