Premiere Plus Realty Co.
Richard T. Dingfelder, Premiere Plus Realty Co.Phone: (239) 961-9896
Email: [email protected]

Signs That Now Is a Good Time to Apply for a Mortgage

by Richard T. Dingfelder 10/27/2019

For many individuals, the homebuying journey often begins with getting pre-approved for a mortgage. Because if a buyer has a mortgage, he or she can enter the real estate market with a budget in hand.

Ultimately, there are many signs that now may be the perfect time to apply for a mortgage, and these include:

1. You're ready to upgrade from an apartment to a home.

If you're tired of paying monthly rent for an apartment, purchasing a house offers a viable alternative. And if you get pre-approved for a mortgage, you can move one step closer to moving from an apartment to a house.

In most instances, a home offers a significant upgrade over an apartment. Many residences are available in cities and towns nationwide that offer more space than apartments. Plus, as a homeowner, you won't have to worry about dealing with a landlord.

2. You feel good about your credit score.

If you have a strong credit score, you likely are a great candidate for a mortgage. In fact, you may be better equipped than others to get a favorable interest rate on the mortgage of your choice.

Understanding your credit score is a key part of the homebuying journey. You can request a free copy of your credit report annually from each of the three credit reporting bureaus (Equifax, Experian and TransUnion). Then, once you find out your credit score, you can determine whether you are in good shape to pursue a mortgage.

3. A buyer's market is in place.

In a buyer's market, there usually is an abundance of top-notch houses and a shortage of buyers. This means a homebuyer may be able to get a wonderful deal on a house, especially if he or she performs a comprehensive house search.

To find out whether a buyer's market is in place, you should check out the prices of recently sold houses in your area. Also, you may want to find out how long recently sold houses were listed before they sold. By reviewing this housing market data, you can differentiate a buyer's market from a seller's market and decide whether now is the right time to apply for a mortgage.

If you're interested in getting a mortgage and starting a house search, you may want to hire a real estate agent too. Because if you have a real estate agent at your side, you can receive extensive support at each stage of the property buying journey.

A real estate agent will teach you everything you need to know about pursuing a house. He or she will offer insights into the local housing market and ensure that you can conduct a successful house search. And if you ever have concerns or questions along the way, a real estate agent is ready to respond to them.

Want to launch a home search? Get pre-approved for a mortgage, and you can take the first step to acquire your ideal residence.

About the Author
Author

Richard T. Dingfelder

Rick’s strong communication and negotiating skills, extensive marketing knowledge and professional integrity are just some of the attributes that set him apart as a REALTOR®. Rick is a driven, goal-oriented, licensed REALTOR® that will professionally manage all aspects of your transaction, understanding the importance of a real estate transaction. His clients can rely on more than 10 years of experience as well as a unique marketing plan customized to stand out from the competition. An impressive 45% referral rate as a REALTOR®, Rick credits his willingness to go the extra mile, winning attitude and drive, as just some of the elements that make him successful. Rick specializes in beach, gated, waterfront, planned, resort, retirement and new home subdivisions in his exclusive territory. Adding to his commitment and persistence, Rick loves where he lives. A recent area resident, he has been visiting southwest Florida for 30 years, crediting the beautiful weather, the friendly people and the countless recreational opportunities as a few of the reasons why it’s a great place to call home. Rick is very energetic in his community as an active church and competitive tennis league member while playing golf, fishing, scuba diving and traveling in his free time. While Rick holds CRS, GRI, ABR, SRES and ePro designations, as well as memberships in NAR, NABOR and FAR. His reputation is built on a foundation of hard work and helping his clients achieve their goals. The distinctive combination of business experience, broad marketing knowledge, and superior customer service prove that Rick personifies his commitment, as “Proactive – Experienced – Professional.”