Here’s how buyers can be competitive in our hot market these days.
Today I’m thrilled to have Paul Hart here from William Raveis Mortgage. He’s an expert in the mortgage industry, and we’re going to discuss what buyers need to do to be competitive in the current real estate market. Right now, all buyers should be pre-approved before they start viewing homes. We’ll talk about what that is and how it’s different from other options you have.
Feel free to watch the full message above, or use these timestamps that will direct you to various points in the video:
0:05 — Introduction to today’s topic
1:00 — Getting pre-approved is the first step to being competitive in the present market
1:40 — A certified pre-approval entails collecting information upfront to approve you for a loan
3:15 — The downside of getting a loan from a bank is that they add overlay fees, and your loan can only stay there
4:00 — As bankers or brokers, we at Raveis can close with our own money or put mortgages with our lenders
4:55 — The lower a buyer’s credit score, the higher their interest rate, and vice versa
5:55 — The interest rate becomes more important after you’re under contract
6:40 — Wrapping up
If you have any questions or want to discuss what Raveis mortgage offers, call Paul at (914) 263-8131 or email him at paul.hart@raveis.com. Of course, if you have any real estate questions or needs, contact me via phone or email. I would love to help you.
