The Reality Is….

The reality is that you may be working with the wrong Realtor. So many clients come to us who have basically been told by their Realtor where they are going to look and what kind of houses they will be looking at. One client was being shown homes in Shakopee when they wanted Burnsville real estate. Unreal! Folks, you have hired these real estate agents to represent your best interests. That means helping you find a home you want in the area you want and in the price range that is acceptable for your financial picture. So if you want Burnsville real estate, that’s what you should be looking at!

Another couple came to me just exhausted. After discussing their situation, we decided they are perfect for a 203k loan. They looked at me and simply stated, “Why didn’t my real estate agent tell me this was a possible option?” The reality is the real estate agent they were working with never mentioned a 203k loan because they didn’t know anything about or understand the 203k loan process. If you think you would benefit from a 203k loan that enables you to have access to funds to renovate or rehabilitate the home you purchase, please make sure your real estate agent is practiced in the process.

Linda was referred to our office by a past client. Linda had been preapproved with another mortgage company that never even mentioned programs that would clearly benefit her. Linda qualified for a first time  home buyer loan through Minnesota Housing Finance Agency. She qualified for down payment assistance and closing cost assistance. Of course the other mortgage company never said anything to her. They didn’t offer those programs. The reality is that Linda has found a home, financed through Cornerstone Mortgage Company, received up to $15,000 in down payment and closing cost assistance, and is now a very happy homeowner.

The reality is that if you don’t ask the right questions you may not get the right answers. Know what is available and what would suit your situation best. Ask your real estate agent to point you in the direction of a mortgage company that can offer the programs that will benefit you. If you aren’t working with an agent yet contact us. We have worked in the local market for over 20 years and we know which agents are good agents and which agents are GREAT agents. With all the constantly changing mortgage guidelines and real estate industry changes you need to work with a professional that is versed in today’s real estate and mortgage news.

Would you like to learn more about how to qualify for a mortgage? Contact Carrie Guarrero Today!

Carrie Guarrero is producing Regional Manager and Vice President of Cornerstone Mortgage Company in Burnsville, Minnesota. If you are looking for Burnsville real estate, contact Carrie first!