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Smith Mountain Lake & The Roanoke Valley of Virginia real estate & activities. Waterfront homes,Lots, Golf course properties,Off water, Acreage. Inventory is high and there's lots to choose from right now. This is a great place for a vacation or retirement home or just plain country living. Beautiful mountain views. Licensed REALTOR in Virginia w/Lake Team Realty 13860 Booker T Washington Hwy Suite 100 Moneta, VA 24121 Equal Housing Opportunity
Money to Lend
Interest Rates are Low & Inventory High
What are you waiting for?
Dakota Chase & Phoebe Rene
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- lakelife (1)
- real estate investment (1)
- retirement (1)
- Smith Mtn Lake Real Estate (1)
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America is so beautiful
Contributors
First Time Home Buyer Checklist and Preparation
Pre-Qualify with a Lender:
Saves you time in looking for the correct home buying price range that you can afford.
Gives you an opportunity to meet, ask, and learn with a loan representative as well as, allowing you to get acquainted and choose the person you want to do business.
If there is something on your credit that you are not aware or needs to be consulted, a good loan representative can direct you ways to dispute or help improve your current credit status. This would be the opportunity to gain insight on old credit that may need to be closed, rectified, or let alone.
You will learn mortgage terms and understand the process of homeownership.
Collect the basic documents for your lender:
Start a file with your current month’s paystubs (30 day), current 2 yrs tax returns, 2 months bank statements, divorce decree (if this applies), & any credit explanations (if this applies). This is a good start, but prepared to gather any other pertinent information the representative may need during the loan process.
Make a list of items you are looking for in a home:
This will help your realtor choose the right homes to preview and allow you to make a clearer decision.
It will help your realtor inform you of any market conditions and pricing that you may need to understand before looking.
It will begin a solid communication level between your realtor and you.
Have a prequel letter prepared from your loan representative to strengthen your offer to the seller!!!!!
Saves you time in looking for the correct home buying price range that you can afford.
Gives you an opportunity to meet, ask, and learn with a loan representative as well as, allowing you to get acquainted and choose the person you want to do business.
If there is something on your credit that you are not aware or needs to be consulted, a good loan representative can direct you ways to dispute or help improve your current credit status. This would be the opportunity to gain insight on old credit that may need to be closed, rectified, or let alone.
You will learn mortgage terms and understand the process of homeownership.
Collect the basic documents for your lender:
Start a file with your current month’s paystubs (30 day), current 2 yrs tax returns, 2 months bank statements, divorce decree (if this applies), & any credit explanations (if this applies). This is a good start, but prepared to gather any other pertinent information the representative may need during the loan process.
Make a list of items you are looking for in a home:
This will help your realtor choose the right homes to preview and allow you to make a clearer decision.
It will help your realtor inform you of any market conditions and pricing that you may need to understand before looking.
It will begin a solid communication level between your realtor and you.
Have a prequel letter prepared from your loan representative to strengthen your offer to the seller!!!!!
Confused about the state of the lending industry?
Kelli Mowbray of Atlantic Bay can offer answers and comfort with her vast array of knowledge.
Contact her today.
Phone: 540 986-0281 x307
kellimowbray@atlanticbay.com
Contact her today.
Phone: 540 986-0281 x307
kellimowbray@atlanticbay.com
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