prequal

Prequalification is a lender’s estimate of how much you could be eligible to borrow based on information you supply. Prequalification does not mean you will get the loan. Prequalifications are usually free.

Preapproval usually means that the lender is ready to give you a mortgage loan based on the information and documentation you provided at the time you requested a preapproval. The preapproval will say how long it is valid for and may contain some other conditions for you to get the loan. Your lender may not require that you pay any fees except the cost of a credit report at this time.

There’s a major difference between the two. We are only 3 weeks into 2015 and already we are experiencing multiple bids on properties. Inventory is still VERY tight. Reports at our staff meeting last Tuesday confirmed a wave of inventory coming soon and we discussed one recent listing that had 10 offers! The discussion opened up about multiple offers, advising your seller best in this scenario and then the topic of approvals at offer presentation. A perfect example of where a PREAPPROVAL may help the best-prepared buyer. Buyers, if you’re out there shopping and you plan on actually making an offer, get PREAPPROVED. Have that in your back pocket. It could be the tool makes the difference in this tight-inventory market.

We have a team of preferred lenders who have proven themselves to be trusted experts who care about their clients and provide excellent, timely service. View our list of preferred lenders here. Contact all of them and find your perfect fit.

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Best Schools in the Nation?

by jmeuse on January 22, 2015

in Everything Else

education2015

Thinking about where to put down roots? This top 10 list might come in handy. Categories like ‘chance for success’, school finances and k-12 achievement were considered. See the states with the best school systems here. 24/7 Wall Street used Education Week’s Quality Counts 2015 Report to identify the best and worst. See the states with the worst schools here.

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Housing Predictions for 2015

January 14, 2015

The good news is there are more reasons for optimism than worry. The bad news is that I keep reading about interest rates increasing by the end of 2015. True, it’s all about perspective. Today’s rates are at historic lows and even a single percent higher still keeps rates extremely, historically, low. But some buyers, […]

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New Year Resolutions If You’re THINKING of Buying a Home

January 8, 2015

Not in the market yet but thinking about it? Click here for some great tips to get you started. Learn the difference between a preQUALIFICATION and a preAPPROVAL, how to sharpen your credit score, best saving practices and what government/city finance programs might be available to you.  Our Property Advisors and Preferred Lenders offer complimentary […]

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Windhill Realty – Closing 2014 in Grand Style!

January 7, 2015

Betty Slatko – Amazing Advocate Award Jessica Murphy – Unsung Hero Award Sonia Johnson – #1 in Sales Award Denise Mootafian – Customer Service Award Toni Riddle – Team Spirit Award Andrea Lacroix – Center – Go Getter Award     

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Giving Back in 2014

January 7, 2015

Every year we meet as a team and decide where to focus our holiday giving campaign. Ipswich Humane Group, Ipswich Food Pantry, Ipswich Caring and Grace Center in Gloucester got the full attention of Team Windhill this past holiday season and thanks to YOU, our VERY generous community, we feel it was another successful community […]

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Windhill Realty #1 Again!

January 7, 2015

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Home Sales in Topsfield, MA – December 2014

January 2, 2015

  Address #BR #BA List $ Sale $ Single Family 87 Haverhill Street  Topsfield, MA 4 2.5 $519,000 $500,000 84 Perkins Row  Topsfield, MA 3 2.5 $539,000 $508,000 2 Aaron Dr  Topsfield, MA 4 2.5 $645,000 $645,250 4 Coppermine Rd  Topsfield, MA 4 3.5 $945,000 $930,000 Condo 37 Main St 1 Topsfield, MA 1 1.0 […]

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Home Sales in Rowley, MA – December, 2014

January 2, 2015

  Address #BR #BA List $ Sale $ Single Family 896 Haverhill St  Rowley, MA 2 2.0 $329,000 $325,500 26 Long Hill Rd.  Rowley, MA 3 2.0 $334,900 $335,000 21 Hammond  Rowley, MA 4 2.0 $369,900 $361,500 35 Boxford  Rowley, MA 3 2.5 $525,000 $513,500 Condo 8 Longmeadow 33 Rowley, MA 1 1.0 $125,000 $119,500 […]

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Home Sales in Manchester, MA – December 2014

January 2, 2015

  Address #BR #BA List $ Sale $ Single Family 74 Summer Street A Manchester, MA 3 2.5 $599,000 $555,000 15 Mill Street  Manchester, MA 4 2.0 $599,000 $578,000 28 Vine Street  Manchester, MA 3 2.5 $619,000 $616,000 24 Hickory Hill  Road  Manchester, MA 5 2.5 $750,000 $675,000 30 Norwood Ave  Manchester, MA 3 2.5 […]

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