My fiance I are thinking about buying a house in Olathe or Gardner, KS. this spring. Should we talk to the bank or a real estate agent, first? I don’t even know where to begin…

Question: My fiance I are thinking about buying a house in Olathe or Gardner, KS. this spring. Should we talk to the bank or a real estate agent, first? I don’t even know where to begin…
–Candice L. from Overland Park, Kansas

Answer: I would contact an Olathe or Gardner, KS. real estate agent first and schedule a meeting so you can discuss what your needs and wants are at the time. They will also help you determine your needs for the near future. After determining your needs and wants, a real estate agent will help you find a mortgage loan officer.  

It is always important to get pre-approved BEFORE you start the home shopping process. Buyers and their agents that choose not to do so are like shoppers that head to the grocery store without their wallets. Like who really goes to the grocery store to window shop. 

Getting a mortgage, or rather getting a full mortgage loan pre-approval, lets a home buyer and their real estate agent know what he can to afford when looking for a home in Olathe or Gardner, Kansas. It is critically important for a potential buyer to go through the pre-qualification steps and learn exactly what is required to secure a mortgage.

Buyers have many options to choose from when looking for a mortgage. There are banks, mortgage brokers, finance companies, credit unions and private lenders. Often experienced real estate agents have relationships with top notch mortgage officers. Talk to your Olathe or Gardner Realtor and look for a lender that has high standards, a good reputation and a verifiable track record. Don’t be afraid to shop around for the best deal either as mortgage costs can vary greatly.

When looking for a mortgage loan have a good idea how much you can afford to pay each month. Look into the past, present and future to determine this. It is of the utmost importance not to bite off more than you can chew when it comes to your finances and the affordability of a home that you are considering purchasing.

When applying for a loan an individual (or married couple) must provide documentation of income, expenses, and assets. Have your financial statements and tax returns ready and the process will be much easier.

Having a lender ready to go before finding a property will make the entire process smoother. Financing is harder to get these days and being prepared is always a wise first step in the home buying process.

A home buyer might consider a USDA mortgage loan in Gardner and a FHA mortgage loan in Olathe, Kansas.

For your Olathe and Gardner financing needs, I recommend Dennis Moser from Prime Lending.

RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?

Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty 

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