Buying: A Step by Step Guide

 

Whether you’re buying your first home, your upgraded dream home, or your tenth investment property, yours is a big investment and can be an emotional journey. I understand how important this transaction is to you.

Alongside the desirability of the areas I serve are very unique market conditions that require a highly skilled professional with hyperlocal expertise, boots on the ground experience and negotiating finesse.

With me as your agent, you have a trusted guide to advise your every move through the intricacies of the search, uncovering the best home and structuring a deal that will best serve your budget and lifestyle.

Mark Vantress
Vantress Real Estate
(408) 841-6303  |  DRE # 02109166   |  mark@vantressrealestate.com

Preparing to Buy - Financing - The Importance of Pre Approval

 

Pre-Approval is a sign of readiness and is considered a prerequisite for serious consideration of your offer in Silicon Valley. Getting pre-approved by a local lender or mortgage broker and allows us to define the financial parameters of your home search as well as which neighborhoods to consider.  Compared to “Pre-Qualification”, which is essentially an opinion letter from a bank, “Pre-Approved” means the loan is set to go and provides buying leverage if you find a home you want.

Generally, you should begin the pre-approval process immediately after meeting with your agent. If any issues come up, such as inaccuracies that may negatively affect your credit score, you will have time to resolve them.

I am able to connect you with our network of trusted brokers and loan agents who will get you the best service and interest rate. I’ll advocate for you during this phase, answering questions and helping you every step of the way. My recommendations are completely free of any conflict of interest as I do not benefit monetarily from providing recommendations.

Things to Avoid During the Loan Process

I recommend you make every effort to avoid these actions at the risk of slowing down the process of financing your new home.

Best NOT To:

Current Mortgage Rates

For 9/26/2022

30 Year Fixed
7.5%
15 Year Fixed
7.0%
5/6 ARM
8.0%

For general informational purposes only. Actual rates available to you will depend on many factors including lender, income, credit, location, and property value. Contact a mortgage broker to find out what programs are available to you.

Mortgage calculator estimates are provided by Sereno Group and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.

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