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Sheila Anderson
The Realtor who always answers her phone. Call/Text 361-445-2403
Phone: (361)445-2403 Fax: (361)994-0204
Buyers

Welcome to the home buyers section.  The objective here is to provide you with access to valuable information before, during, and after your real estate purchase. 

The following links will direct you to important information in your home buying process.



Windstorm Certificate Search
Nueces County Appraisal District
 
There are several home warranty companies, however the following are used often in the area.
 

 

Don't Forget Your Pre-Approval Letter

 

Here are five reasons why getting a pre-approval letter is a good idea.
Most home buyers know they should get a mortgage pre-approval letter from a lender before they begin seriously shopping for a home. But the reasons for this advice aren't always clear, and buyers sometimes are dismayed by the amount of paperwork involved. Here is some of the reasoning behind the advice:
1. A pre-approval letter is more reliable than a pre-qualification letter. Getting a pre-qualification letter is easy. You just call a mortgage broker or lender, provide some basic financial information, then wait a few minutes for the letter to come through your fax machine. Getting a "pre-qual" from a Web site is just as easy. Enter some information, click "submit" and voilà. A pre-approval letter, on the other hand, involves verification of the information. Rather than taking your word on faith, the lender will ask for documentation to confirm your employment, the source of your down payment and other aspects of your financial circumstances. Granted, a pre-approval is more time-consuming (and possibly more stressful) than a pre-qualification The additional due diligence is exactly why the pre-approval carries more weight.
2. You'll know how much money you can qualify to borrow. Most home buyers have a rough idea of how much they would feel comfortable paying every month on their mortgage. However, there's no quick-and-dirty way to translate that monthly payment into a specific maximum mortgage amount because other factors -- down payment percentage, mortgage insurance, property taxes, adjustable interest rates and so on -- are part of the calculation. And, you might not be qualified to borrow as much as you think you should be able to borrow, depending on your income, your debts and your credit history.
3. You'll have more leverage in negotiations with the seller. Sellers often prefer to negotiate with pre-approved buyers because the sellers know such buyers are financially qualified to obtain the financing they need to close the transaction. A pre-approval letter is an especially favorable point in a close multiple offer situation. And, you might feel more confident about making an offer with a pre-approval letter in hand and the knowledge that you'll be able to obtain a mortgage.
4. Your real estate agent will work harder on your behalf. A pre-approval letter signals to your real estate agent that you're a well-qualified buyer who is serious about purchasing a home. The increased likelihood of a closed sale -- and a commission -- will naturally motivate your agent to devote more time and energy to you. In fact, some agents won't even show property to buyers who don't have a pre-approval letter.
5. A few caveats: Pre-approval letters aren't binding on the lender, are subject to an appraisal of the home you want to purchase and are time-sensitive. If your financial situation changes (e.g., you lose your job, lease a car or run up credit-card bills), interest rates rise or a specified expiration date passes, the lender will review your situation and recalculate your maximum mortgage amount accordingly.


When home shopping it is always best to get a pre - approval. Knowing what you are approved for will help your agent find the home that will fit your needs and budget. If you have a pre-approval already, it is important to make sure you are getting the best rate and loan option that benefits you. It has been my experience, clients prefer to work with a local Loan Officer. I can work with any company around the world but if your looking for someone here in Corpus, Danny Martinez with Supreme Lending can help you with just that. Click the attached link and apply online, or contact him for more information on what services they can provide. He is helpful and available to assist you in your home financing needs.

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