Meeting with a mortgage lender is the first step for many homebuyers today, but for sellers, the beginning of their journey usually starts with the sales process, not the financing. Just because you’re focused on prepping your home for the sale and hiring a listing agent, that doesn’t mean you should skip talking to a lender.
Three reasons home sellers should consult a mortgage lender
A lender can prepare you financially for a smart sale. Whether you’ve met with a Realtor already or are just thinking about selling your home, you may be aware that you’ll need to make improvements to garner the best price. No matter your circumstances, a mortgage lender can talk to you about your financial options. For example, a home equity line of credit could give you access to additional cash to repair your home or pay for your rent if you need to move before your home is sold. You can even use it for the down payment on your next home.
A lender can help you plan for your next move. Many sellers are buyers, too, ready to move up, downsize or relocate. A professional mortgage consultant like those at Prosperity Home Mortgage, LLC, can work with you for a loan preapproval for your next purchase and help you make the transition to your next home. At Prosperity, our team can coordinate with your Long & Foster Real Estate agent to evaluate potential proceeds from your home sale. We also offer a fully documented loan approval through our Buyer Advantage Program, which means you complete most of the home financing process upfront and only need an appraisal, proof of insurance and a clear title to close on your next home.
A lender can help you evaluate your offers. Whether you receive one offer or multiple offers on your home, when you work with Long & Foster and Prosperity, you can be certain that your Realtor will coordinate all the details with your lender. Our mortgage consultants can review your sales offers and evaluate whether you can feel confident about the buyers’ financing. Remember, the “best” offer isn’t always the highest offer. It’s more important to have a solid offer that you know the buyers can complete.
If you want to learn more about Prosperity and how we can help you in your home sale, contact their team. Their experienced mortgage consultants can guide you through all your options and help you on your journey home.