Most people do not see a lender before they start going to open houses and finding a realtor – but they should.
And getting an online quote is different than being pre-approved.
In fact, if you think that the "pre-approval letter" you received from Wells Fargo, BOFA or Chase is your ticket to purchase your new dream home - you should think again. These big banks are known for not meeting closing dates and being very difficult to work with if ANYTHING doesn't go smoothly during the loan process - exactly what you don't want when competing against other buyers.
In this hot Seattle real estate market, coming in with a fully underwritten pre-approved home loan AND working with a proven local lender instead of a big bank, whether you’re talking to a realtor or a potential seller, proves you’re serious and fully qualified to purchase NOW, and it puts you in a competitive advantage over other buyers pre-approved with the big banks.
Taking this measure puts you in a premier position as a buyer and lets the Listing Agent and their Selling client know the seriousness of your offer when prioritizing the multiple offers they are likely to receive.
After all, there’s nothing more disappointing than finding your dream house and then realizing, you're not in the best position to acquire it.
The Maynard Wagner Group works closely with some of the highest rated lending groups in Seattle.
We are privileged to offer you their services so you can enjoy the peace of mind of purchasing in any market.