Tell homeowners you wish to purchase their home, however, and you will find the payment choices almost endless. Many changes in mortgage financing took place in the 1980s, and the '90s have continued that trend. Today, interest rates, points and mortgage requirements change often, sometimes daily.
Wise buyers contact a real estate agent first, before beginning their home search.
In-depth knowledge of the local mortgage market is just one of many valuable services available from an agent. To a buyer, being pre-qualified for a mortgage means having the freedom to select a home without fear of rejection. To sellers, buyer pre-qualification means added security that the sale of their home will take place on time. Both buyer and seller benefit from the financing expertise of a knowledgable real estate agent.