First-Time Home Buyers Have a HOP-ping Opportunity
Introducing Salin Bank's Home Ownership Program (HOP)
“Young adults’ presence in the housing market has been largely predicted for years, REALTOR®Mag wrote last fall. That prediction is coming true. While Millennials (basically buyers in their 30’s) represented nearly one-third of home buyers in 2015, that trend towards increased homebuying is continuing this year.
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With Salin’s Pre-qual, You’ll Be Shouting “No Surprise”!
Sally: Borrowers talk about getting “pre-qualified” or “pre-approved” for a mortgage. Are those two essentially the same?
Lynne: No, the two terms were definitely not designed to mean the same thing. What I find, and what I share with both consumers and Realtors™, though, is that different institutions tend to use the terms “pre-qualification” and “pre-approval” in different ways. The main idea, of course, is that both pre-qualification and pre-approval letters are ways to certify that a buyer can reasonably expect to qualify to borrow a particular amount of money towards the purchase of a home.
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Salin Takes The Personal Approach in the Fintech World
“The media headlines charting fintech’s progress in just the past year might even have you think that the end of traditional bank models is here. But that assessment is dead wrong,” reports the Huffington Post. “Banks vs. fintech? No contest, banks win.”
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Getting Pre-Qualified is a No-Brainer in a Seller’s Market
It’s only a piece of paper, and that paper has power for only two to three months. Still, if you’re in the market to buy a home, a pre-qualification letter is a crucial initial step in the mortgage process. That piece of paper certifies to everyone concerned – home sellers, real estate agents, and yourself – that, based on your overall financial picture, you can expect to qualify to borrow a particular amount of money towards the purchase of a home.
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Picture You – A Smart Buyer in a Sellers' Market
You’ve been looking for a new home to buy but can’t find one. Join the crowd.
Of the ten tips on REALTORMag®’s 2016 home buyer to-do list, #1 is a “not-to-do” - “DON’T WAIT.” The supply of homes isn’t likely to increase significantly any time soon, and some aspects of home buying might become even more challenging in the not-so-distant future.
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