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Buyer Ready Service

Buyer Ready Pre-Approval Program

REALTOR, Kip Wilkins, an experienced real estate agent, and her lending partner, Karen Jones, Senior Certified Mortgage Loan Officer, are thrilled to introduce the Buyer Ready Pre-Approval Program. This innovative approach is designed to empower homebuyers, making the lending process smoother and more certain.

What is Buyer Ready?

Buyer Ready is a groundbreaking program aimed at revolutionizing mortgage lending. To fully appreciate its benefits, it's important to understand the concept of Lender Failure. Loan Officers pre-qualify and guide homebuyers, but the actual approval or denial of a loan is made by an underwriter just days before closing. Lender failure occurs when a loan that was pre-qualified is ultimately denied, causing financial distress and anxiety.

Karen Jones believes that Lender Failure is preventable. The Buyer Ready Pre-Approval Program addresses this by thoroughly reviewing your financial documents early in the process. This ensures that your loan file moves smoothly to underwriting once you have a contract, appraisal, and title work. With Buyer Ready Pre-Approval, you can shop for homes with confidence, knowing your loan is secure.

Benefits of Homeownership

  1. Invest in Yourself: Owning a home is a smart financial investment.
  2. Potential Tax Savings: Homeownership can offer significant tax benefits.
  3. Personalize Your Space: You have the freedom to decorate and renovate as you wish.
  4. Pet-Friendly Living: Enjoy having your pets without restrictions.
  5. A Place to Call Home: Create a stable and personal environment.
  6. Community Growth: Become an integral part of your local community.

Steps to Success

  1. Pre-Qualification: The first step is to undergo pre-qualification. This helps create a buying plan that suits your goals. Gather your financial documents and submit them to your lending team.
  2. Maintain Financial Stability: After receiving Buyer Ready Pre-Approval, it's crucial to keep your finances stable. Notify your Loan Officer of any financial changes or issues promptly.
  3. Effective Communication: Ensure that there is clear communication between you, your Loan Officer, and your REALTOR. Everyone should be aligned with your buying plan.
  4. Making Offers: With Buyer Ready Pre-Approval, your offers will be strong. When ready to make an offer, your Loan Officer will inform the Listing Agent of your robust pre-approval status.
  5. Escrow: Once your offer is accepted, your loan is upgraded, and escrow begins.

Ready to Get Started?

The Buyer Ready Pre-Approval process typically takes 72 hours but can extend up to 14 days if additional underwriting review is needed. Keeping your finances in order and maintaining open communication with your team is essential.

Take the first step today and create your home-buying strategy with confidence. It’s the smartest way to buy your new home!