Manage episode 202014323 series 1075929
Today I’m joined by a new special guest, Frank Blakeley with Bay Home Equity Loans, to talk about the home buying process.
First of all, Frank says that when he works with clients, he likes to treat their transactions as if they were his own.
So, the first step Frank takes with his clients is talking about their financing goals. Frank asks clients about how much they have for a down payment, what they can afford for a monthly budget, what type of home they are looking for, and more.
This conversation will determine whether the client’s goals are possible and, if so, what needs to happen for those goals to be met.
The next step is filling out an application, which can be done over the phone or through email. Frank has found that 70% of the people his team works with are able to become pre-qualified after filling out this application, and pre-qualification is half the battle.
Sellers benefit from this pre-approval as well. It affords them peace of mind in knowing that their transaction will run smoothly and on time.
If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.
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