Your Lake of the Ozarks Mortgage Lender: 3 Reasons to Speak with a Mortgage Lender BEFORE Starting Your Home Search

Making the decision to purchase a home at the Lake of the Ozarks is definitely an exciting experience. You just can't wait to dive in and see what options are out on the market. Before doing so though, you should contact a mortgage professional at the Lake of the Ozarks. Keep reading for a few reasons why this is an important first step when buying a new home.

1. To Set Realistic Expectations.

When buying a home, especially if it's your first home, the excitement can take over. You begin looking at what's available online and next thing you know you fall in love with a home you can't afford. By talking with a Lake of the Ozarks mortgage lender before starting your home search, you'll be able to determine how much you can borrow and also how much you can reasonably afford for a monthly mortgage payment. By having a budget in mind, you'll have realistic expectations going into that home search. You can weed out the ones that are out of your price range before looking at them, that way you won't fall in love with something that's just out of reach for you financially.

2. To Show the Seller You're Serious.

Getting a mortgage pre-approval from a lender shows that you aren't just shopping around, but that you are serious about buying a home. Realtors often prefer that you have a mortgage pre-approval before they start showing you homes. The seller wants to know that you can afford it and that you aren't going to back out on the sale. By getting a pre-approval, you're showing the realtor and the seller that you're a hassle-free and complication-free buyer. In addition, if you're competing with other buyers for the same house, that pre-approval could be a determining factor in whose offer the seller accepts.

3. To Get a Jump Start on the Paperwork.

When obtaining a Lake of the Ozarks mortgage loan, there's a lot of paperwork involved. By getting a mortgage pre-approval, you'll have a jump start on getting all those documents filled out. Then once you find that dream home of yours, you're already halfway done with the process and can move to the closing date that much faster. Your mortgage lender will be there to help you every step of the way, from the pre-approval to the closing, so make sure you find a great one from the start!

If you're considering a home loan at the Lake of the Ozarks, give Lakelender Michael Lasson a call today at 573-746-7211. I'll discuss your financing options, offer competitive interest rates and back it up with the first-class service you deserve. Let me help you get into your dream home at the Lake!

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