When you buy a home, one of the most important aspects of the process is the financing. You definitely need to find the best financing rates in Naples. Every home buyer wants to get the most house for the least amount of money, and the financing rate you are able to obtain will help you accomplish that goal.
Being able to get the best financing rate when buying a home in Naples is essential because your financial situation is the highest priority. In fact, you should secure the best possible financing rates before you begin the home searching process.
Yes, you read that correctly. While many home buyers start the process by looking for available homes for sale, they are jumping ahead too quickly. Prior to starting the house hunt, you need to get your financing rates in order because it will make your search easier and more effective.
So, how can you ensure that you get the best financing rates when buying a home in Naples? Here are 3 top tips from our experienced real estate team at Your Home Sold Guaranteed Realty - The Cachon Team:
1. Get Mortgage Pre-approval
One of the best ways to get a great financing rate is by obtaining mortgage pre-approval. When you get mortgage pre-approval from a reputable mortgage broker, you will have emotional security throughout the housing process as well as insurance against any rising interest rates in the real estate market.
If you speak with a mortgage broker, that individual can write you a mortgage pre-approval for you at no cost or obligation. This is much more than a verbal approval from the lender, and it is as good as money in the bank.
Through mortgage pre-approval, you will receive a Certificate of Financing for a specific amount that you are approved for. This certificate can be shown to home sellers, and it could be the reason that they opt for your offer over another home buyer’s offer who is equally as qualified as you but has conditional financing.
Best of all, if and when mortgage rates increase, you will continue to get your pre-approved rate. Should the rates decrease, you will not be stuck with a higher one! It is truly a win-win for home buyers like you.
2. Work with a Realtor to Get Preferred Access to Special Low Financing Rates
Realtors deal with hundreds of home buyers and work through just as many transactions every year. With this experience, they will be able to offer you negotiating advantages with certain lending institutions that you would not be able to get on your own.
Because these realtors have a good reputation, lenders want to do business with them, so they are willing to offer certain negotiation advantages to their clients. Potentially, you could get better than average rates which can make buying a home in Naples much easier and more affordable. You could even qualify for minimum down payments and low monthly mortgage payments. All of these advantages are possible with an experienced realtor such as ours at Your Home Sold Guaranteed Realty - The Cachon Team.
3. Employ a House Hunting Service
With some realtors, you may be able to take advantage of their house hunting service. Through this service, the program used will determine which available properties match your home buying needs. This can give you another competitive advantage over other home buyers currently scouring the market.
In fact, you may be able to see the home and buy it before any other home buyers even know it is available. Even without the realtor being present, you can drive past the homes, view them, and decide which are most likely to match your needs.
Our Realtors Will Help You Get the Best Financing Rates in Naples
Are you ready to buy a new home and need to figure out where to start? Our team at Your Home Sold Guaranteed Realty - The Cachon Team is here to show you the advantages of getting great financing rates early in the process. We will also ensure you are able to save money and obtain the best possible rates for your home buying experience.
To learn more about financing rates or to talk with one of our expert realtors about your home buying journey, give us a call at (239) 399-5432 or fill out the form on this page to get a detailed response from our team of the best realtors. We look forward to hearing from you!