Get Approved
One of the first things to do when you are in the market to purchase a home is to get approved by a Lender. The approval must be based on verification of credit, employment, income and assets. Ideally, it is contingent only upon a ratified contract, satisfactory appraisal and clear title. If you need to sell your home as a condition of buying a new one, make sure to inform your Realtor. Your Lender should also specify that the Loan approval is contingent upon the sale of your present home.
The benefit of an approval is that you know what you can afford as well as what you feel comfortable with and on what terms. It saves you time and potential disappointment.
It is best to use a Lender whom you have used before and been happy with or one that has been recommended by friends or family. If you don't know anyone, check out the sources below.
The following Loan Officers are outstanding in a number of ways: promptness to return calls, knowledge of the products available, dedication to find the right solution for your particular situation.
John Masci, F&M Mortgage Group, 301-528-0329, Ext. 20 johnmasci@yahoo.com ; www.fandmmortgagegroup.com
Jay DuVarney, Home First Morgage Corp., 703-795-8080 jayduvarney@erols.com; www.homefirstmortgage.com
Ralph McNelis, Countrywide, 703-609-3408 ralphmcnelis@countrywide.com; www.ralphmcnelis.com
Ray H. Weir, IV, Wells Fargo, 703-803-3500, ray.weir@wellsfargo.com; www.RayWeir.com
Andrew Siddon, Bank of America, 703-319-2619
If you need additional help, please feel free to call me at 703-298-8675 or email me at marielle@isellfairfax.com
