C3 Buyer Services
We Are The 10%
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There's a saying in real estate that “10% does 90% of the business” and “90% does 10% of the business.” In our industry it's unfortunate that acquiring a real estate license is solely based on a month of study and then a single test. The number of amateurs, the 90% in this business, is sad and alarming. It's understandable why many Buyers and Sellers are leery of real estate agents for “nobody wants to fly with a bad pilot and you only discover how bad that pilot is until after takeoff.” It's hard to ascertain from spending a single meeting or a few meetings if that agent is one of the 10% or 90%; we find in many cases that even tenured agents don't know what they are doing. Because of the easy entry into the real estate business we at My Team NoCo are having to control and correct contracts and negotiations that are submitted to us by the 90%.
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This also applies to lenders, for we are constantly rooting out bad lenders who approve Buyers without having the proper documentation. As a Buyer, how would you like to spend months finding the right home, and when you do, your lender says, “you do not qualify”?
We at My Team Noco are the “10% who do 90% of the business”. We are the professionals who know how to see and deal with potential issues before they become problems. We know how to stack the deck in our client's favor and protect them, so they have the competitive advantage. See below for important steps toward acquiring a loan and how we protect your best interest throughout the process! |
Steps Toward Acquiring a Loan
It is essential that you have your loan in place before looking at homes. When it comes to the loan process, there are several steps one must go through. By making yourself familiar with the process, you will better understand what is required in order to qualify for a home loan. After all, the more knowledgeable you become the more comfortable and in control you will feel.
We work with you to organize your documents, connect with a wholesale lender and go through Desk Underwriting. Compare the two scenarios below to see why you want to go through Desk Underwriting before making an offer!
We work with you to organize your documents, connect with a wholesale lender and go through Desk Underwriting. Compare the two scenarios below to see why you want to go through Desk Underwriting before making an offer!
The Loan Process
What To Do To Acquire a Loan
Here are a few tips to keep in mind when you are first considering buying a home. Following these rules will put you in the best position to qualify for a home and get you the best interest rate possible.
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Do not make any major purchases. Major purchases are items such as car (a new car loan), financed appliances, boats, recreational vehicles or anything that requires a loan if possible. This will affect your credit score and your debt to income ratio which will directly impact your interest rate, credit worthiness and purchasing power.
Do not change jobs. If you change careers or job descriptions (i.e. construction worker to car sales), then it could delay your home purchase. You will be required to work 6 months in the new position before you can qualify to purchase a home. Exceptions are sometimes approved if you have had experience in the new job in the past. Part-time, commission, bonus and overtime income require a 2 year history before it can be used to qualify for a loan. Self-employed individuals must have 2 year's tax returns to qualify. You are allowed change employers within the same line of work, or accept a pay increase or promotion. Just be aware that a month or two of pay stubs from that new position or company may be required before you can close. Pay down your credit card debt. If your credit card balances are greater than 50% of your credit limit, then your FICO score will likely be low. The credit score will greatly improve by paying down the balance. Start this process as soon as possible. Your credit will be pulled once you start working with a Lender, and it may take two or three months for your credit score to improve. |
Check with a credit monitoring service to watch your credit and see if there are any inconsistencies with your credit. Credit services such as Transunion, Experian and Equifax sometimes make mistakes. Check your credit reports for accuracy. Incorrect or false information will impact your credit score. Contact the reporting agency to correct any errors before applying for a mortgage loan. This process may take up to three months from reporting the mistake to when it is removed or corrected. Order a free credit report at www.annualcreditreport.com and companies like Credit Karma will supply you with a free credit score.
Contact an expert. Don't assume you cannot qualify for a loan. With a short phone call, our lender will be able to tell you if you qualify and fit you to the loan products that best suit your situation. You may be surprised how easy it is to qualify. If for some reason, you do not qualify for a loan at this time, our lender will make recommendations and give expert advice on how to get into position to qualify for a loan in the least amount of time. This service is free and there is no obligation. Contact one of our lenders today! See the next section of a list of preferred lenders! |
C3 Preferred Mortgage Lenders
Mark Chilson
PREFERRED 
Partners United Financial
Senior Mortgage Loan Officer NMLS ID 1182719 970-699-0584 mchillson@partnersunitedfinancial.com |
Kathleen Wilson
PREFERRED 
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Lisa Gustafson
PREFERRED 
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Gene Gustafson
PREFERRED 
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Rates, terms, and availability of programs are subject to change without notice. Licensed by the CO department of Regulatory Agencies, Division of Real Estate as a Registered Mortgage Company. Corporate NMLS ID 174457. All rights reserved.
Successful Buyer Tips
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We offer the following tips to buyers to aid in a successful real estate transaction. If you have any other questions, or would like additional advice and information, please feel free to contact us.
Become Desk Underwritten. We have already covered why this is a critical part of the real estate transaction. Your very first step is to contact one of our lenders and get all the required information to them. Beat your competition to the best listings. Staying on top of the market when looking for a home is essential because the best homes at the best prices sell the fastest. Our agents will send you the best listings the minute they hit the market; and remember, we can sell any agency's listings as well as For Sale By Owners properties. |
Keeping up on Market Trends in your area of interest. Familiarizing yourself with current market trends in the areas/neighborhoods that you are interested in can help toward knowing values. Knowing if pricing is increasing or decreasing and the percentage rate of change, the Days to Offer on homes and the difference between asking and sold price are essential factors when making an offer. Our agents take the above into account when formulating a strategy to make an offer on a home.
Don't do this alone. With this ever-changing market, today's home buyers will find it all but impossible to navigate the entire buying process on their own. Working with an experienced Buyer Specialist who has the proper tools and knows the market is essential. In addition, the Seller pays all commissions. |
Our agents do not require a formal Buyers Agent agreement.
We believe our hard work ethic, utmost professionalism and honesty will gain your trust.
We believe our hard work ethic, utmost professionalism and honesty will gain your trust.
Download our Home Buyer Guide for checklists and additional resources!
Request a Buyer Consultation
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