It's not against the law for a home buyer to write a personal letter to the seller. But some buyer love letters can invite sellers to unwittingly violate fair housing laws. "A theme behind a lot of love letters is 'pick me because I'm so likable' or 'pick me because I'm like you...
Write an offer letter to appeal to the sellers personally Be ready to negotiate if there are other interested buyers After a seller accepts your offer, you’ll move into the final stages of purchasing the house. Your lender will begin processing your loan, and you can opt for a home inspec...
During the preapproval process, a lender will review your financial information and credit history to determine the loan amount you qualify for. They’ll then provide a preapproval letter stating the maximum loan amount you’re eligible for. To get a preapproval letter, follow these steps: Choo...
First, before touring homes, it’s important you get pre-approved so you know just how much house you can afford. With us, pre-approval takes as little as 3 minutes. Once complete, you’ll receive a personalized quote and a pre-approval letter to show sellers, which can put you in a...
Step 3: Get a Pre-approval Letter Before visiting a single home or open house, it’s worth it to get pre-approved for a home loan. A pre-approval letter tells you how much house you can afford and informs the house hunting process. Without this pre-approval, sellers will not take you...
Bidding wars are incredibly common in a seller’s market, because there are more buyers than houses for sale. Learn how to successfully handle a bidding war.
Request letter Get homebuying right the first time Buying your first home is a big decision. Mountain America is here to help. Our team of mortgage experts will guide you through the first-time homebuyer loan process, ensuring you have an easy, worry-free experience. Best of all, you won...
How to find a buyer's agent First things first: Shop for a lender and get preapproved for a mortgage before you select a real estate agent. A mortgage preapproval is a letter from a lender showing the loan amount and terms you qualify for. Getting preapproved shows real estate agents and...
It’s an essential step in order to tour homes (some listing require a pre-approval letter before a showing will be confirmed) and make offers, but wise to do so you know your buying power. I can provide several recommendations of lenders to speak with…just give me a call or text me...
A letter to the seller will also explain how you plan to pay for the home so that the seller knows what to expect with the process. Let the seller know whether you plan to use a mortgage or pay in cash. If you're using a mortgage, detail how much you plan to put down and includ...