Q. Why Should I Work With a Buyer Broker?
A. Simply Put, You Need an Expert and Advocate to Guide You Through the Process of a Home Purchase. A Buyer-Broker Agreement Is a Commitment by Both Parties to Work Together With Trust and Transparency.
Q. How Long Does the Buying Process Take?
A. From Start to Finish: 60 Days for a Mortgage Purchase, and 30 Days for a Cash Purchase.
Q. How Do I Calculate the Amount I Can/Should Spend?
A. Easy! Call a Mortgage Broker or Your Bank to Obtain a Pre-Qualification or Pre-Approval Letter. They Will Calculate Your Mortgage Amount.
Q. What Is the Difference Between Being Pre-Qualified and Pre-Approved for a Loan?
A. Pre-Qualified Is a Relatively Easy Process That Can Be Done on the Internet or by Phone in 30 Minutes. This Is Just a "Look" Into Your Financial Condition Including Income, Assets, Debts & Credit. Usually There Isn't a Fee to Be Pre-Qualified.
A. Pre-Approved Is an Extensive Examination Into Your Financial Condition & Requires the Completion of a Mortgage Application and Typically a Fee. This Approval Indicates to a Seller That You Have a Better Chance of Closing the Deal.
