Sunday, July 31, 2016 / by Lynn Goodale
Would You Qualify for a Mortgage Today?
The widespread myth that perfect credit and large down payments are necessary to buy a home are holding many potential home buyers on the sidelines. According to Ellie Mae’s latest Origination Report, the average FICO score for all closed loans in May was 724, far lower than the 750 or 800 that many buyers believe to be true.
Looking at the chart below , it becomes obvious that not only do you not need a 750+ credit score, but 54.9% of approved loans actually had a score between 600 and 749. It’s not just millennials who believe high credit scores and large down payments are needed. Many current homeowners are delaying moving on to a home that better fits their current needs due to a belief that they would not qualify for a mortgage today . If you are one of the many Americans who has always thought homeownership was out of your reach, call us at 602-799-7099 and let’s get together to start the process of getting you pre-qualified and see if you are able to buy now!
Fortunately, We have a special program for Home Owners wanting to move and Buyers wanting to buy in Today’s market that turns the tables on this CATCH 22.
Over the last couple of years of selling real estate, we have been able to develop and successfully implement a program that allows us to guarantee the sale of a property. Yep, you read that right. Actually guarantee in writing the sale of a home. Obviously a program like this gives sellers GREAT PEACE OF MIND (a true celebration of independence from fear). We guarantee, up front and in writing, that if their home does not sell at their price and within their time frame – we will step in and buy it ourselves.
The conditions are simple: the seller and us must agree on price and possession date.
Buyers benefit too, because we are able to ensure they get the home they want and back up their purchase with a satisfaction guarantee: if they are not happy with the home, we will buy it back. This obviously is a win win for all involved.
This is where you come in.
Your friends, neighbors, work associates and family members who may be considering a move can now do so and celebrate true independence from the fear of getting stuck with two homes or none at all.
And remember… Your referrals help our Homeless…
As many of you may know, we are on a mission to raise $10,000 for the House of Refuge located in Southeast Mesa. We do this by donating a portion of our income. House of Refuge is a faith-based, non-profit organization that provides transitional housing and supportive services to homeless families. On any given day there are approximately 100 adults and 150 children that call the House of Refuge “home.” Using 88 homes from the old Williams Air Force Base, House of Refuge provides a stable environment to homeless families working to get back on their feet and become self-sufficient. In that effort House of Refuge has logged a
success rate of over 90%.
Who do you know considering buying or selling a home you could refer to our real estate sales team?
Not only will they benefit from our award winning service, but we donate a portion of our income on every home sale to the House of Refuge, a faith-based, non-profit that provides transitional housing and supportive services to homeless families.
We want to make it easy to refer your friends, neighbors, associates or family members considering making a move, so here are your options:
1. You can share this blog post with them.
2. You can go to www.YourReferralsHelpOurHomeless.com and enter their contact info online.
3. Of course you can always call us direct as well at 602-799-7099.
You and your referrals mean more than ever to us and to families who need our help. As we move forward in this new season, please know we are extremely thankful for you and your being a special part of our mission to help families in need.
With all our appreciation.
Austin and Lynn Goodale
The Goodale Realty Group | JK Realty
480-734-8781 or 602-799-7099