{"id":112,"date":"2023-06-14T18:32:50","date_gmt":"2023-06-14T18:32:50","guid":{"rendered":"https:\/\/luciabrzezinski-cbfairbairn.sites.cbmoxi.com\/?page_id=112"},"modified":"2024-07-29T19:17:29","modified_gmt":"2024-07-29T19:17:29","slug":"post-112","status":"publish","type":"page","link":"https:\/\/luciabrzezinski-cbfairbairn.sites.cbmoxi.com\/?page_id=112","title":{"rendered":"Buyers Guide"},"content":{"rendered":"\r\n

Published by Lucia Brzezinski<\/p>\r\n

QUICK TIPS FOR BUYERS<\/p>\r\n

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Are you looking for a place to call your own in Northern Michigan?<\/p>\r\n

Here are some tips for buyers wondering where to start in the process:<\/p>\r\n

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Will you be paying cash or financing?<\/p>\r\n

If you are financing, the first step is to get a pre-approval letter. You can get this from your bank.<\/p>\r\n

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Why do you need a pre-approval letter?<\/p>\r\n

A pre-approval letter will tell you how much a bank is willing to lend you for a mortgage. Many buyers think their budget is $xxx,xxx but a lender will ultimately tell you what kind of price range you should be looking at. A pre-approval letter is an offer (but not a commitment) to lend you a specific amount which is good for about 30-90 days (date ranges may vary depending on the bank).<\/p>\r\n

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What does a lender look at for a pre-approval?<\/p>\r\n

Lenders will look at things such as:<\/p>\r\n