Nervous about the effects of rising interest rates and high inflation on your ability to purchase a home in Monument, CO? If so, you’re not alone. Many home buyers are wondering how to get the best financing rates in Monument to avoid high interest.
In this post, our team at Your Home Sold Guaranteed Realty - Barb Has the Buyers Team will explain why home buyers should focus on financing first before looking for their dream homes. We’ll also share our free guide with our three-step plan to help you get the best financing rates for your needs.
Why Should You Secure Financing Before Home Shopping?
Rather than going out to shop for homes, your first move in the home buying process should be securing a home loan. Getting financing first is important for home buyers for several reasons.
First, it helps you stay within your budget, rather than falling in love with a home in Monument, CO, only to realize later that it’s outside your budget.
If you find a home first and then sit down with a lender afterward, you risk potentially discovering that you don’t qualify for a loan large enough to afford it. But when you get a home loan first, you know exactly what your limit is.
In addition, getting pre-approved for a home loan is often a requirement that most realtors have before they agree to represent you in a transaction. This is because securing financing ahead of time shows you have serious intentions to purchase– not just browse.
Similarly, having financing already in place helps you stand out to home sellers because they will also see you as a serious home buyer.
It also speeds up the closing process because the home seller knows they won’t have to wait around for you to get approval from a lender, or deal with your financing source potentially falling through at the last minute.
How to Get the Best Financing Rates in Monument
To help you get the best financing rates in Monument, CO, our real estate team has created a free guide called the “Best Financing: A 3-Point Plan.” This educational report covers tips on which lenders to visit, what questions to ask, and the most effective negotiating strategies to help you get the best mortgage rates for your financial situation.
We’re proud to offer this information to you for free so you can sit down with your lender and get the best possible mortgage rates for your new home in Monument. To download your free copy of the guide, fill out the form at the bottom of this post.
Our Real Estate Team Can Help You Buy a Home in Monument
If you want to buy a home in Monument, CO, then our team at Your Home Sold Guaranteed Realty - Barb Has the Buyers Team can help you out.
Our professional real estate team has years of experience serving Monument and the surrounding areas. We’ve helped thousands of home buyers find their dream homes, and we know we can do the same for you.
Through our network of recommended lenders, we can help you easily get the best financing rates in Monument, CO. On top of that, we also offer a unique Buyer Satisfaction Guarantee that ensures you have a smooth and stress-free home-buying experience. To learn more about working with our real estate team or to download your free copy of our Best Financing: A 3-Point Plan, give us a call at 719-301-1802 or fill out the form below.
