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Pre-Approval | The McLeod Group Network - KW Capital City Blog

Wednesday, March 20, 2019   /   by Amy McLeod

6 Things You'll Love—and Hate—About Buying a Home This Spring

Welcome to the best—and worst—time to buy a home: spring! Yes, it's peak home-buying season. However, it’s no bed of roses.
Knowing what to expect is half the battle, and can help you use these highs and lows to your advantage!
So consider this an essential prep course. Ready to dive into the best of times and the worst of times for home buying?
You’ll love: All the inventory
One of the best things about buying a house during the spring is that you have a lot more options to choose from.
“New listings tend to flood the market in April and May,” says Kimberly Sands, a real estate broker in Carolina Beach, NC. Just keep in mind that with so much inventory out there, you’ll want to make sure to stick to your search and price parameters to avoid getting overwhelmed.
You’ll hate: All the competition
Busier times mean more buyers and, thus, more competition—which explains why bidding w ...

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  amy mcleod, mcleod group network, homebuyers, buying a house, first time home buyers, home values, move up buyers, pre-approval, buying your dream home

Wednesday, March 06, 2019   /   by Amy McLeod

Top 10 Questions to Ask a Mortgage Lender: Do You Know Them All?

What are the best questions to ask a mortgage lender before you lock in a home loan? If you want to find the very best mortgage for your needs, it pays to not automatically go with the very first lender you see.
“You need to shop around to make sure you’re getting the best interest rate and loan terms,” says Peggy Yee, supervising broker at Frankly Realtors, in Vienna, VA, who recommends that home buyers meet with at least three lenders before they pick.
So how do you compare and contrast your options effectively? Ask these 10 questions below to get a sense of who's right for you.
1. What types of home loans do you offer?
Some lenders offer a wide range of mortgage products, while others specialize in only one or two types of home loans. Finding a lender that offers the type of mortgage you need is a must. These are the most common types of home mortgages:

Fixed-rate loan: True to its name, a fixed-rate mortgage means that t ...

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  amy mcleod, mcleod group network, homebuyers, buying a house, first time home buyers, down payment, mortgages, mortgage interest rates, pre-approval, home loans

Wednesday, October 17, 2018   /   by Amy McLeod

5 Tips for Starting Your Home Search

In today’s real estate market, with low inventory dominating the conversation in many areas of the country, it can often be frustrating to be a first-time homebuyer if you aren’t prepared.


In a recent realtor.com article entitled, “How to Find Your Dream Home—Without Losing Your Mind,” the author highlights some steps that first-time homebuyers can take to help carry their excitement of buying a home throughout the whole process.


1. Get Pre-Approved for a Mortgage Before You Start Your Search


One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search. Even if you are in a market that is not as competitive, understanding your budget will give you the confidence of knowing whether or not your dream home is within your reach.


This step will also help you narrow your search based on your budget and won’t leave you di ...

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  amy mcleod, mcleod group network, homebuyers, buying a house, first time home buyers, down payment, owning a home, credit score, pre-approval, buying your dream home, millennial homebuyers

Monday, August 20, 2018   /   by Amy McLeod

Oops! 5 Mortgage Moves You May Not Realize You Need to Do

Getting a mortgage is easy, right? You’ve seen the TV commercials and the billboard ads touting promises like, “Get approved for a mortgage today!” Well, sorry to break the news, but the reality is that obtaining a home loan isn’t just one mouse click or phone call away.
There are a number of hoops to jump through and hurdles to cross before a mortgage lender will issue you a loan. To switch metaphors, it's less of a sprint, more of a triathlon—and it’s easy to overlook an important stage or two as you move toward the finish line.
Curious what home buyers often miss, much to their chagrin? Here are five essential steps that many people don't realize are needed for a mortgage.
1. Get pre-approved
In any highly competitive housing market, it's akin to self-sabotage not to get pre-approved before making an offer on a house.
Pre-approval is a commitment from a lender to provide you with a home loan of up to a certain amount. Th ...

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  amy mcleod, mcleod group network, homebuyers, buying a house, first time home buyers, mortgages, mortgage interest rates, credit score, pre-approval, appraisals, home loans

Monday, April 16, 2018   /   by Amy McLeod

Getting Pre-Approved Should Always Be Your First Step

In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.
Even if you are in a market that is not as competitive, understanding your budget will give you the confidence of knowing if your dream home is within your reach.
Freddie Mac lays out the advantages of pre-approval in the ‘My Home’ section of their website:
“It’s highly recommended that you work with your lender to get pre-approved before you begin house hunting. Pre-approval will tell you how much home you can afford and can help you move faster, and with greater confidence, in competitive markets.”
One of the many advantages of working with a local real estate pr ...

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  amy mcleod, mcleod group network, homebuyers, first time home buyers, buying a house, home prices, down payment, mortgage interest rates, mortgages, credit score, pre-approval

The McLeod Group Network - KW Capital City
Amy McLeod
1900 Hines St SE, Suite 220
Salem, OR 97302
971-208-5093
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Lighthouse Mortgage
Phil Gerstner
110 Wallace Rd. NW
Salem, OR 97304
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Homeside Mortgage
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Aaron Memmott
Finance of America
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Direct: (503) 718-9876
Cell: (503) 551-1115
Fax: (855) 639-2956

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Elizabeth Smith
Caliber Home Loans
elizabeth.smith@caliberhomeloans.com
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Cell: 503-910-0415
eFAX: 844-538-4687

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