While COVID-19 keeps everyone quarantined in their homes, buying a home has become very difficult. The market is still very tight. There are less available homes than buyers and rates are at historic lows. However, open houses and home tours are put on hold right now. It’s tough to find a way to buy a house. However, that doesn’t mean that you shouldn’t get a mortgage pre-approval right now if you’re going to be ready to buy this summer.
The traditional home-selling season is in the spring. Homes sell while kids are ending their school year so they can move in the summer. However, these plans, and really the entire season are out the window.
When you are pre-approved, that can cover you for 30-60 days, depending on your situation. This means you will be able to walk into the first open house after the lockdown and put down an offer on a home while the other buyers are still trying to get their paperwork in.
A mortgage pre-approval is the best way to prepare yourself for the home buying season. Homebuyers can find out exactly how much home that they can afford, while helping narrow the field of homes that they look at.
With interest rates near all-time lows, the home that you thought you couldn’t buy last year can now be in your price range.
You can afford more house because lower rates will make your house payment smaller. You can also use the lower rates with a shorter mortgage term, paying off your home in 15 years instead of 30. We can also build a custom term for your loan if 15 or 30 doesn’t work for you.
Buying a home with a conventional, FHA, Jumbo, VA, USDA or Bank Statement Mortgage right now is going to be difficult, because you can’t get inside, and you need to practice social distancing. However, getting a mortgage pre-approval will put you ahead of the rest of the crowd when you’re ready to buy.
You can get a mortgage pre-approval the same day you contact us, without ever leaving your home.
Call the best mortgage lender in Colorado, Jamie Becker’s Colorado Loan Experts Team in Denver at (303) 351-1639 or visit TheBeckerTeam.com to apply now. Colorado Loan Experts has the lowest rates on Conventional, FHA, Mortgage Refinances, Jumbo Loans, Debt Consolidation Loans, Rate and Term Refinances, Cash Out Refinances, and HARP Loans. We are also the exclusive home for Hero.Loan VA Mortgages and The Bank Statement Mortgage. We will come to you to close your loan. Nobody gets lower mortgage rates on better loans than Colorado Loan Experts.
The Becker Team – Colorado Loan Experts 201 Columbine Street Suite 300 Denver, CO 80206