Home Buyer Needs an Advantage, We Can Provide It

Home buyers can be successful in a competitive real estate market if you have an advantage over your competition. That's right, you have competitors in the form of other home buyers. You can spend months searching for the perfect home only to lose it to one of your competitors.

Sellers naturally want as much money for their property as the market will bear. Not only are sellers looking for the highest offer, they also want to be reasonably sure that the home buyer making the offer has the resources to follow through. The last thing a seller wants is to have to put a property on the market again. This after waiting 90 to 120 days, only to find out that their buyer cannot follow through on the offer. Consequently savvy property sellers and their agents will scrutinize their offers very carefully.

One Advantage that you need is speed. You need both a real estate agent and mortgage company that can put your offer together quickly and effectively. There are times when being the first solid, reasonable offer is enough to get you in the door.

You also need the advantage of a compelling pre-qualification letter. Like anything in life, when it comes to pre-qualification letters, there are good ones and bad ones. Real estate agents know this. Property sellers and their legal representation know this too.

A Weak Pre-Qualification Letter Can Kill Your Offer to Buy

A pre-qualification letter can be issued based on a simple conversation between borrower and mortgage company. It can be issued with little and no fact finding on the mortgage company's part. Typically, letters of this sort rarely carry the weight necessary to have an offer taken seriously. Letters of this kind are worthless to the home buyer (you) and the seller. In fact, the argument can be made that letters of this sort are actually detrimental to all involved. With a weak pre-qualification letter, both the buyer and seller waste massive amounts of time and money. You can be sure that your seller's real estate agent is aware of this.

Our Pre-qualification Letters Carry Weight!

They are taken seriously because they are based on facts. Unlike the pre-qualification letter mills that exist out there, not only is your letter based on the facts found in your credit report (believe it or not, many pre-qualification letters are issued without a credit pull), but also on your ability to meet an actual loan approval. In most instances, we do not issue a pre-qualification letter until there is a conditional approval that can be met. In other words, our letter is worth much more than the paper it's written on.

It Pays to Be Prepared

In short, do your homework so you can act before your competitors do. Arm yourself with the most compelling pre-qualification letter available. This will make your offer stand out. Have your income and asset documentation ready for submission to your mortgage company. Make sure the representations that you make to your mortgage company are factual and accurate. Do all of this BEFORE you go shopping. If done properly, when it comes time to close, it will be as easy as taking out your credit card at a retail store.

Innovative Products and Useful Resources

Be sure to take a look at our No-Down-Payment 100% Financing Mortgages in our Purchase Program section. You will be amazed that you can buy your own home with so little money out of pocket.

If this is your first time as a home buyer and this is all new to you, be sure to visit our Purchase Process page. There you will find a general overview of the process of buying a home. You may also want to take a look at our How to Shop for a Loan page as well as our Popular Mortgage Types page.

In our Resources Section, you can find various informative literature pertaining to home purchases and mortgages.

On Your Mark, Get Set, Go!

You can start beating your competition right now by applying on line. Our site uses the latest security technology available to keep your private information secure. You also have the option of printing out our application and submitting it to us via fax or mail. Of course, you can always call us or request a call back and have us take your application by phone.

Express Home Mortgage realizes that every situation is unique. Please feel free to contact us with your circumstances.