Deb and Tom Nicholls
Deb and Tom Nicholls
2024-04-16
Kara, Gracie and Becky were great to work with during our home search. It was a long process and they were both patient and gracious with us from beginning to end. If you are in the market to purchase or sell your home, we would highly recommend City of Trees Real Estate.
Louis Spiker
Louis Spiker
2024-04-14
We recently had the pleasure of working with Renee Faught as my realtor, and I cannot praise her enough for the outstanding service she provided throughout the entire home-buying process. Renee took the time to understand our needs and preferences truly, and she was dedicated to finding us the perfect home that checked off all the boxes on our wishlist. Her attention to detail and expertise in the real estate market were invaluable in helping us navigate through the various listings and make informed decisions. What truly sets Renee apart is her exceptional communication skills and responsiveness. She was always available to answer any questions, provide updates on new listings, and guide us through each step of the home-buying process. Her proactive approach and willingness to go above and beyond for her clients made the entire experience seamless and stress-free. Thanks to Renee's expertise and guidance, we found the perfect home that exceeded our expectations. I cannot recommend Renee highly enough to anyone in search of a dedicated, reliable, and knowledgeable realtor. If you're looking for a real estate professional who truly cares about finding you the perfect home, look no further than Renee. Thank you, Renee, for helping us find our dream home!
LeeAnn Rossi
LeeAnn Rossi
2024-04-10
Tara and her team did an outstanding job helping us Selling our home!
Dennis Lanham
Dennis Lanham
2024-04-04
very easy and very professional.
Dan Zimmerman
Dan Zimmerman
2024-04-02
Francesca is an absolute pleasure to work with. She is knowledgeable and professional. Highly recommend using Francesca if you are in need of real estate services.
Meghan Yenney
Meghan Yenney
2024-04-02
Thank you to Victoria and team for helping us through buying our new home and selling our previous home! Our experience was great and so much less stressful because of them. Highly recommend!
Teena Nash
Teena Nash
2024-03-21
I can't say enough good about working with Lucas O'Neill. He is very knowledgeable and professional in his work with my elderly parent. He soldiered through a very difficult transaction with two clients that couldn't coordinate, had a rocky divorce sale, court orders, difficult title company to work with and yet he remained positive through the entire experience. I'm impressed with his ability to problem solve with all the issues we had between the two clients, two attorneys, and the inspections and repairs. The one client was really difficult to coordinate with, wouldn't provide keys or use a lockbox, locked the inspector out and yet Lucas was so good about dealing with all the crazy that was going on and still making the sale go through on the closing date. I really don't know any other agent that would have stuck around to finish the deal, and through the holidays to boot. Lucas is a keeper, and just such a good solid guy! Bravo for a job well done!
Blake Mckernan
Blake Mckernan
2024-03-19
City of Trees Real Estate has an amazing team that made our big move painless and easy! They were all very responsive on top of each step and very informative when needed. Cant thank them enough for getting us into our dream home!
Blakely Frechette
Blakely Frechette
2024-03-18
Francesca exceeded my expectations as a real estate agent. From the moment I expressed interest, she was prompt in her responses and demonstrated a genuine attentiveness to my specific needs throughout the entire home buying journey. Her professionalism and dedication made the process smooth and stress-free. I wholeheartedly recommend Francesca to anyone seeking a reliable and committed agent.

Benefits of Mortgage Preapproval

By: Brent Hanson

Mortage Prequalifications and Preapprovals for Boise, Eagle, Meridian Residents

One of the first things you should do when considering a real estate purchase is to get your financing in order. For most buyers this means meeting with potential lenders to start the process that will determine how much they would be willing to loan to you based on many factors. This process will give you a rough idea of what you can afford so you can remain within those parameters when shopping for a home.

When starting the process of obtaining a loan for your real estate purchase it is important to understand the terminology being used.

Mortgage Prequalification

Prequalification can be obtained by providing the lender with some very basic information about your financial status including your income and debts.  Based on this limited information you lender can provide you with a pre-qualification which is an estimate of what the bank might be willing to lend to you. While the prequalification doesn’t have as much value as a pre approval it can be issued quickly to satisfy a seller while the loan officer gathers more documentation to complete the file.

Mortgage Preapproval

Preapproval is a more in depth process in which the lender will actually verify your financial background.  You will be required to provide a variety of documentation including tax records and bank statements. Your credit score will be checked. An underwriter will examine and approve your application, giving it more weight than a pre qualification will, and giving you a more accurate idea of how much you could borrow for your purchase.

There are many benefits to getting preapproved for a home loan.

  1. Knowing your price range will allow you to look for homes that meet your criteria.
  2. Narrowing your focus : Having a complete pre approval will allow you to focus on finding a home that meets your needs instead of having to divide your time between searching for homes, evaluating the features, benefits and price of the home you are considering and financing issues
  3. Negotiation power : Being able to demonstrate your solid financial ability to purchase a home allows the seller to accept an offer with confidence knowing you are a serious buyer.

Preparing to Purchase Your Home

While it is important to get started with a loan officer, getting a pre approval doesn’t guarantee your loan or obligate the lender in any way. In order to get a final approval from the lender your file will need to go through a complete underwriting process.  That doesn’t happen until you have made an offer on a home, at which point they will need a copy of purchase and sale agreement so they can complete their evaluation of you and the property.

Being prepared for the financial aspects of a real estate purchase before starting to identify potential homes will lend itself to a smooth transaction for everyone involved.