LIVE BOZEMAN STYLE

Wow! I'm just going to say what you are talking about over dinner... Bozeman's real estate market has gone nuts!

Our market is growing at least 2% a month and competition is the name of the game today. So, how do you set yourself apart in this nimble market? Especially if you require financing?

Step one: obtain pre-approval

“Pre-approval” means you have met with a loan officer, your credit profile has been reviewed and the loan officer believes you can readily qualify for a given loan amount with one or more specific mortgage programs. Based on this information, the lender will provide a pre-approval letter, which discloses your buying power. You can visit as many lenders as you like and get several pre-approvals, but keep in mind that each one carries with it a new credit check, which will show up on future credit reports.

Step two: provide your pre-approval to me

Although not a final loan commitment, the pre-approval letter should be provided to listing brokers as a supplement to your Buy-Sell (or offer). It demonstrates your financial strength and shows that you have the ability to honor the terms you presented to the Seller. 

Step three: explore alternative financing

Long and short term financing opportunities exist that may allow you to present your offer as "cash to the Seller". These options such as a HELOC, Bridge Loan or Signature Loan may allow you to remove appraisal and financing contingencies from your offer and strengthen your offer to the Seller, helping you stand out from the crowd.

Curious about more financing nuances? Click on my Financing 101 packet and explore what might be possible for you today, and then give me a call. Having an expert on your team is more critical than ever and I'd love the opportunity to be the one to guide you HōM!

.erin