North Idaho Fine Homes - Josh Ivey and Jennifer Ivey, REALTORS
  • Home
  • Properties
    • 714 Church St >
      • 714 Church St Photo Gallery
    • 24557 Highway 2 >
      • 24557 Highway 2 Photo Gallery
    • 306 Shepherd Rd >
      • 306 Shepherd Rd Photo Gallery
    • NNA Dufort Rd >
      • NNA Dufort Rd Photo Gallery
    • 11295 N Avondale Lp >
      • 11295 N Avondale Lp Photo Gallery
    • NNA Crooked Ear Dr >
      • NNA Crooked Ear Dr Photo Gallery
    • The Cottages - Waterfront Community in Sandpoint, Idaho >
      • The Cottages Photo Gallery
    • 20 Acres - Lone Cedar Lane >
      • 20 Acre Lone Cedar Lane Photo Gallery
    • 180 Deerhaven Dr >
      • 180 Deerhaven Dr Photo Gallery
    • 206 E Third Ave >
      • 206 E Third Ave Photo Gallery
    • 714 Church St >
      • 714 Church St Photo Gallery
    • 6850 Spurwing Loop #204 >
      • 6850 Spurwing Loop #204 Photo Gallery
    • 3921 W Accipter Dr
    • 6416 River Rd
    • 660 Gemini Trail
    • 210 W Third Ave >
      • 210 W Third Ave Photo Gallery
    • 822 Northview Dr
    • Coeur d Alene Area Search
    • Sandpoint Area Search
  • Destinations
    • Coeur d Alene
    • Sandpoint
  • Lifestyles
    • Amusement Park
    • Bicycling
    • Fishing
    • Golfing
    • Outdoor Adventure
    • Skiing
    • Snowmobiling
  • Professionals
  • Perspectives


​I am the master of my fate, i am the captain of my soul

~ William Ernest henley

It's Your Advantage

1/11/2016

0 Comments

 
Picture
Technology has certainly streamlined the home buying process and introduced things that help purchasers make better decisions. Buyers have enthusiastically embraced video tours, digital signatures and the enormous amount of information available about a home, neighborhood, schools and neighbors.

The ironic thing is that buyers are ignoring the one single thing that can help them secure the “right” home. Talking to a lender or using a financial calculator is not pre-approval.

​Pre-approval requires written verification on employment and income and ordering a credit report for the purpose of obtaining a mortgage. A mortgage credit score is different than what a person might see from credit reporting websites. 

Pre-approval gives buyers the confidence to know the amount they can borrow which can result in bargaining power when dealing with a seller or competing against another offer. Transactions can close quicker once a buyer has been pre-approved.

If any issues are discovered in the initial process, the purchaser and lender will have more time to correct them compared to trying to get it done during the loan approval period as stated in the sales contract.

Most lenders best interest rates are only available to the best borrowers. You might get approved on a loan but at a higher rate than you expected which could make a significant difference in the monthly payments.

The “right” home without financing will never have the buyer’s address. Getting pre-approved with a trusted mortgage professional is one of the first steps in the buying process. It can definitely be an advantage that will benefit you in negotiations and ultimately, during the time you own the home.

0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Author

    Josh & Jennifer Ivey - Your trusted real estate advisers for all of North Idaho.

    Archives

    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014

    Categories

    All
    Home Buying
    Home Cleaning
    Home Design
    Home Finance
    Home Maintenance
    Home Selling
    Investments
    Lifestyle

    RSS Feed

221 E Sherman Ave
Coeur d' Alene, Idaho 83814

200 Main St
Sandpoint, Idaho 83864
Tomlinson Sotheby's International Realty
Josh Ivey (208) 946-7355
josh.ivey@sothebysrealty.com

Jennifer Ivey (208) 946-7816
jennifer.ivey@sothebysrealty.com

©2016 North Idaho Fine Homes. Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated.