It’s Go Time……How To Get Money To Buy Today!
Posted by Sheri Luongo | Visited 48 times, 1 so far today |
Finally, the view you’ve always dreamed of, the perfect size yard, a kitchen to die for, a block away from your 5 year olds award winning school just up the street from your best friend! You’ve waited, you’ve watched! You’ve scrimped, you’ve saved & you have sacrificed!!
You are Ready to pounce, your credit scores are over 800, boasting a savings account holding a $100,000, $500,000, $800,000 or maybe even $1,000,000 to purchase this home. Inspections done, appraisal in, down payment cashed, title perfect, movers scheduled, boxes packed, sellers moved out, kids excited & fighting over bedrooms. 
The big closing day dawns upon us. Then your Realtor calls with news commenting the bank will not give you the loan to buy the house. “WHAT ? ? “Are they kidding?” “Nope, they’re not.” Shattering your families (& Realtors) dreams of finalizing this deal. What do you do?
My main focus is keeping a happy, satisfied seller combined with an excited and pleased buyer from the beginning of the transaction to the closing. Customer service first, I do everything I can, going over & beyond to assure that my sellers & my buyers have a smooth transaction with little or no problems. The most frustrating part of my job is doing the best I can to keep everyone happy & have another partner in the transaction screw it all up! When the buyer can’t get financing, nobody’s happy!
So, how do you do it? Much like staging a home to sell, a lot of it is in the initial packaging of your loan package. You have to understand, learn & know how to sell your loan to the bank. Knowledge is Power now more than ever.
Who you (or your Realtor) knows within the banking industry could be worth it’s weight in gold today. Many real estate agents & the lenders do not understand the dynamics of these new financing guidelines. Get used to it it is unlikely to go away anytime soon. The way you put your loan package together before it is submitted to the bank for approval is key these days. Before you find that home or before you accept the buyers offer, get the facts and the education you need to make sure the loan applied for will still be available when you are scheduled to move, close & will fund.
Before you put your home up for sale, accept that buyers offer & take your home off the market OR prior to submitting your loan to a bank feel free to call us & we will show you how to do it right in the new 2008!
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it is awesome