Realty Executives Phoenix

Shelly S. Smith

Shelly S. Smith


Get Your Financing In Order Before You Do Your House Hunting

(Published on - 8/3/2015 6:15:27 PM)

I often get contacted by people who are anxious to look at a home they saw on Zillow, Trulia or on my own website that allows anyone to search property.  If you're going to be financing your purchase, interviewing and selecting a lender is really your first step.  I don't want to lose clients, obviously, but I am adamant about this step in the process.  The lending and underwriting environment is one that experiences changes constantly and it's important for you to have a qualified lender who is up on all industry changes and can competently advise you. 


Additionally, you need to know what your options are, for example, you may be able to lease out your current primary residence and purchase a new primary residence.  The 'reserve' requirements necessary to do so have recently been changed in favor of buyers, so you may have options you didn't have before.  It is suggested to obtain advice from tax and legal professionals as well to insure your short-term plans fit your long-term goals. 


Please refer to my 'Resources & Testimonials' tab and then 'Mortgage Professionals' link to get contact information for mortgage professionals with whom I am acquainted and whose expertise I trust!  Thank you for recognizing the importance of this piece of the 'purchasing' puzzle!  When you're armed with your lending professional we can then get in the car and shop!  You matter to me so let's be ready together!




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Shelly S. Smith

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