Savvy mortgage shoppers experience faster, more successful closings
Many people want to buy a home, but not all of them will be able to get a mortgage. Many who do get a mortgage will find themselves frustrated by the process. For home buyers, being confused about elements of borrowing can draw out the timeline and create frustration between the buyer, lender and real estate agent. A savvy mortgage shopper can have a real advantage saving time and money. Here are three ways that savvy mortgage shoppers experience faster, more successful closings.
Get qualified for a mortgage faster
Home buyers who are savvy mortgage shoppers can understand the sequence of events that needs to happen in order to get approval for a mortgage. They are organized, know how much home they can afford (and be qualified for), and can manage the process with lenders so that there are no delays. This makes them more competitive in the home buying process, potentially beating out other competitors and without letting a deal slip through their fingers.
Navigate lower appraisals
Home buyers who are savvy mortgage shoppers don’t get derailed as easily if the home they want appraisals lower than expected, as they’ve already prepared for the possibility and know what their options are. What might have been a roadblock for a less savvy buyer becomes a temporary speed bump.
Avoid surprise fees that hold up closings
Home buyers who are savvy mortgage shoppers aren’t surprised during the closing process as they have already figured out the amounts they will need, as well as the importance of maintaining a good credit score all the way through. While other homebuyers may come up short with the amounts they need to write checks for at the closing table, and might be denied final mortgage approval, the savvy mortgage shopper is prepared for the costs and the process making way for a successful close.
What’s the easiest way for a home buyer to become a savvy mortgage shopper?
Instant Mortgage Genius makes savvy mortgage shoppers out of all home buyers. Instant Mortgage Genius was created for the person who wants the very best mortgage outcome in the shortest amount of time with the least amount of effort. Our step-by-step process helps home buyers sail through the mortgage process and get all of their questions answered along the way. Our proprietary IMG app makes sure that they have clarity on all of their offers so that they pick the deal that not only saves them the most money but suits their individual goals.
Want to navigate the mortgage process with ease, every step of the way? Check out Instant Mortgage Genius today.