Obtaining approval for a home loan is one of the most important things that you'll do in the process of buying a house – and for many people it's one of the most intimidating. Even if your financial picture is in great shape for obtaining a mortgage, it's not always easy to know where to start, what steps to take, and who you can turn to for advice. Here is a review of what it takes to qualify for a mortgage.
The most important thing to remember about qualifying for a mortgage is that it really pays to be prepared. Understanding the basics of how the process works ultimately saves time, makes life easier, and leads to better results.
Searching for the right home, and the right real estate team to help accomplish your home-ownership goals? Contact Old Dominion Realty to buy and sell homes in Virginia and West Virginia real estate markets.
If you've been house hunting for any amount of time, there's a good chance you're all too familiar with the process. You find a few homes, meet the agents, and shake some hands. The conversation moves on to the type of homes you like, the type of neighborhood you're looking for, and maybe even making preliminary plans to visit an open house.
But before things get too far, you get the question that every experienced real estate agent asks of new clients: Are you pre-approved for a mortgage?
For some home buyers, the question comes as a shock. Aren't you supposed to be the one evaluating which real estate agent you want to work with? As it turns out, there are some very good reasons that your real estate agent asks about pre-approval.
The biggest thing to remember about mortgage pre-approval is that it has the potential to make life much easier for both you and your agent when you're buying a house. It's also good to remember that there's a big difference between assuming that you can attain a mortgage, and actually doing it – even if your credit score and finances are in great shape. With that in mind, here's why your real estate agent asks whether you're pre-approved:
Obtaining pre-approval is just one step on the path to buying a house. Contact Old Dominion Realty to buy and sell homes throughout the Eastern West Virginia and Central Virginia's Shenandoah Valley real estate areas.
Old Dominion Realty is proud to announce the release of our newly redesigned commercial real estate website www.odrcommercial.com. Old Dominion Realty--working with the design and marketing team at Delta Media Group—used advanced website design and technology to maximize our visitors' online experience.
As a full-service commercial real estate company in Harrisonburg, VA, Old Dominion Realty wanted to give our website an overall feel that went along with the branding of our residential website. Our goal was to represent our brand to commercial investors and developers across the country as well as local real estate owners, developers, investors, brokers, landlords, and tenants.
www.odrcommercial.com is a responsive website that looks great and is easy to use no matter what device you're using—desktop, tablet or smartphone. It showcases property listings with large-scale photos and a scrollable image gallery, detailed listing information, IDX technology, and an easy-to-use property search making it simple for Old Dominion Realty's clients to find the perfect investment properties.
ODR Commercial, a division of Old Dominion Realty, is a major force in commercial real estate in our local communities. Contact ODR Commercial to learn more about our professional real estate services. We have an exceptional staff of seasoned REALTORS® each bringing their individual knowledge and experience to the forefront. With over 50 years of experience, we are Built on Integrity with Proven Results!